EQ In, IQ Out? - Economic Times
EQ In, IQ Out? Cos looking beyond IIMs
K YATISH RAJAWAT & KALA VIJAYRAGHAVAN
TIMES NEWS NETWORK[ MONDAY, FEBRUARY 06, 2006 02:03:23 AM]
http://economictimes.indiatimes.com/articleshow/msid-1401936,curpg-3.cms
MUMBAI: Corporates such as HSBC, LG, HLL and a host of others are changing mindset while hiring talent to tackle a fiercely competitive global marketplace.
HR experts find that in some cases companies prefer emotional quotient (EQ) over intelligent quotient (IQ) when it comes to risk-taking and decision-making ability in a tough marketplace. Consequently, companies are opting for different sorts of talent by recruiting not only from top management institutes but also from the third-rung institutes.
Some companies feel that students with exposure to tougher living standards fare better at decision-making and risk-taking capabilities in a globalised marketplace than students from financially well-off and comfortable backgrounds (typically IIMs).
In fact, several companies are trying to get out of a blinkered mindset to tap talent from even the third-rung management institutes. “I think most of us are shaking off blinkered mindsets about hiring talent. Enterprise and risk-taking capabilities matter more in a competitive market.
A high score at academics may mean a high IQ but we need academics with a higher EQ. And that’s not really learnt at business schools,” said Y Verma, HR head at LG Electronics. A highly placed HLL official said students with better EQ were being favoured over toppers.
“Times have changed now and the marketplace has got too stressful. Of course, we continue to tap the IIMs where the strike rates are always better than other institutes, where a bit more hunting has to be done to tap good students.
A lot also depends on how much time a senior management give to recruitment processes. But it is true that a better EQ fares better in the face of competition,” he said. HR heads of several coprorates said IIM graduates seem to be have more attitudinal issues since students tend to come from more well-off families.
They have high expectations. Ramalingam Raju, chairman of Satyam Computers, a serial entrepreneur, says that he believes the attitude determines the success of an individual in an organisation.
“Indian corporates have typically been paying a higher price for talent not as good. IIMs are getting to be more of a status symbol. Most of them are not very open to handling risks. Corporates tell us that. “IIMs may be hard-working but not really enterprising.
The programmes designed at IIMs are more knowledge-driven and do not actually tackle business competancies,” said Pramod Kumar, president of International School of Business & Media.
K YATISH RAJAWAT & KALA VIJAYRAGHAVAN
TIMES NEWS NETWORK[ MONDAY, FEBRUARY 06, 2006 02:03:23 AM]
http://economictimes.indiatimes.com/articleshow/msid-1401936,curpg-3.cms
MUMBAI: Corporates such as HSBC, LG, HLL and a host of others are changing mindset while hiring talent to tackle a fiercely competitive global marketplace.
HR experts find that in some cases companies prefer emotional quotient (EQ) over intelligent quotient (IQ) when it comes to risk-taking and decision-making ability in a tough marketplace. Consequently, companies are opting for different sorts of talent by recruiting not only from top management institutes but also from the third-rung institutes.
Some companies feel that students with exposure to tougher living standards fare better at decision-making and risk-taking capabilities in a globalised marketplace than students from financially well-off and comfortable backgrounds (typically IIMs).
In fact, several companies are trying to get out of a blinkered mindset to tap talent from even the third-rung management institutes. “I think most of us are shaking off blinkered mindsets about hiring talent. Enterprise and risk-taking capabilities matter more in a competitive market.
A high score at academics may mean a high IQ but we need academics with a higher EQ. And that’s not really learnt at business schools,” said Y Verma, HR head at LG Electronics. A highly placed HLL official said students with better EQ were being favoured over toppers.
“Times have changed now and the marketplace has got too stressful. Of course, we continue to tap the IIMs where the strike rates are always better than other institutes, where a bit more hunting has to be done to tap good students.
A lot also depends on how much time a senior management give to recruitment processes. But it is true that a better EQ fares better in the face of competition,” he said. HR heads of several coprorates said IIM graduates seem to be have more attitudinal issues since students tend to come from more well-off families.
They have high expectations. Ramalingam Raju, chairman of Satyam Computers, a serial entrepreneur, says that he believes the attitude determines the success of an individual in an organisation.
“Indian corporates have typically been paying a higher price for talent not as good. IIMs are getting to be more of a status symbol. Most of them are not very open to handling risks. Corporates tell us that. “IIMs may be hard-working but not really enterprising.
The programmes designed at IIMs are more knowledge-driven and do not actually tackle business competancies,” said Pramod Kumar, president of International School of Business & Media.
posted by Arun Ranganath | 9:59 PM
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