In a highly competitive business environment, we sometimes forget the one thing that is crucial to a company’s success. Trust. Entrepreneurs and leaders can get so worked up on hitting their targets that cultivating a culture of trust within the organisation is sometimes put in the back burner.
Let’s be honest, even if you are fully aware of how important trust is, profits and productivity always comes first. Well, here are some stats worth checking out. In a 2016 survey, 55% of CEOs state that a lack of trust is a big hindrance to a company’s growth. If that is not enough for you, in a 2017 study, it found that employees who work in high-trust companies experience 74% less stress, 106% more energy, 13% fewer sick days, 76% more engagement, 29% more satisfaction and 40% less burnout. What do those numbers translate to? They translate to higher company profits and productivity, which is what you are aiming for in the first place. The point is, if you prioritise building a culture of trust in your company, everything good will follow. How do you get started? How do you build a culture of trust in your company?
Start To Trust
As the business owner or the leader, everything starts with you. If you want to build trust within your company, you have to start trusting your team. Think about it for a second. Why did you hire them in the first place? It’s because you think that they will help you move your company forward and achieve success. Trust them to do a great job. Let their genius work. Avoid taking over every project. Oversee yet don’t overdo it. Instead, offer suggestions and guidelines and let them do their thing. Yes, they will make mistakes but who doesn’t? With the right mindset, mistakes are lessons learned.
Hire Nice People
Avoid hiring jerks. They might be the best at what they do but their skills can only take you so far. Skills can be taught and learned but personality and attitude are difficult to change. Employees with negative attitudes and personalities will cause stress and conflict within your team. This type of negativity is difficult to detect until it has already done its damage. In a stressful environment, cultivating a culture of trust is next to impossible. Genuinely nice people get along with everybody which will slowly but surely sow the seeds of trust.
Learn more at https://www.jamesshort.com.au/