Hospitality CEOs score highly in emotional intelligence, says new insight from HVS Executive Search
Detailed analysis of over 420 hospitality leaders shows that CEOs in this sector are characterised by having a high emotional intelligence coupled with above-average task-orientation, are self-motivators, team players and excellent at building rapport.
A study by HVS Executive Search, using its own proprietary assessment tool 20|20 SkillsTM developed specifically for the hospitality industry, included over 420 global hospitality leaders (CEOs, Managing Directors and Regional Vice Presidents). The analysis created an aggregate profile of their predominant skills and character traits.1
The research shows that hospitality CEOs typically have an optimistic view and healthy appetite to explore the unknown, believe in their ability to positively influence outcomes and have an innate nature to deal with change. Such profiles typically enjoy a challenge and are highly task-orientated.
"An overview of the skill sets, behaviours, abilities and character traits that are highly likely in a leader of a hospitality organisation gives us a real insight when it comes to recruiting successors that are a good personality match for a company," commented report author Thomas Mielke, HVS Executive Search associate director.
"This technique, used as a part of our complete recruitment process, also enables us to identify the type of person who is likely to succeed as a future leader of this sector."
Ten performance traits are assessed in the survey, which shows that rather than being experts in a single, rigid discipline, executives at the helm of global hotel companies score highly across a range of disciplines. However, they receive the highest scores in the areas of 'leadership' and 'group process' (85 out of a possible 100 points for both).
Leadership refers to a set of attitudes and behaviours that reflect an executive's capacity to embrace a company's vision, formulate actions and goals, and further this vision. It also reflects an ability to articulate the company vision so that others are inspired to follow.
The dimension of 'group process' relates to the set of attitudes and behaviours that foster a collaborative work environment and are characteristic of executives with high morale and a commitment to tasks and goals.
The CEOs demonstrate they are individuals who act as catalysts or facilitators. They consider themselves an integral part of their team and enjoy their responsibility to inspire and direct employees and the organisation. They also have a tendency to be concerned with group maintenance – for example they show concern about workload, and aim to set realistic goals.
The HVS Executive Search analysis suggests that hospitality CEOs understand their own limitations and are not prone to political posturing – success comes through gaining commitment and support from the team. Being accessible, giving credit where it is deserved, providing training and coaching opportunities and promoting responsibility are therefore priorities of a typical CEO.
"It seems then that hotel companies are in good hands. Today's hospitality CEOs are also not satisfied with just a 'good' performance, strive to be the best and value the competitive spirit. To do so they rely on their strong personal skills to get the support from their staff. Their innate ability to deal with others is hereby extremely helpful as is their non-dogmatic approach, reliability and concern about perceived and actual fairness," Mielke added.
To download the full article click onto http://www.hvs-executivesearch.com/insights/ceo-performance-studies/chief-emotional-officer-eq-has-conquered-the-corner-office/
About HVS Executive Search
HVS Executive Search provides human capital advisory services to leaders in the hotel, restaurant, food service and gaming industries around the world. Its specialties include senior-level executive search, mid-management recruitment and performance improvement strategies. Coupled with a unique and proven psychometric approach, HVS Leadership Assessment™ is the only solution-driven HR assessment tool dedicated to streamlining and enhancing recruitment and training processes, specifically designed for the services industry. Industry benchmarked Compensation Studies leverage the HVS reach and global expertise to help businesses structure compensation in line with industry standards, allowing them to attract and retain talent through equitable compensation practices. For further information, please visit HVS.com/Services/ExecutiveSearch/
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