Employees that have a high level of trust in their employers and organization as a whole are bound to be happier in their job and lead to a higher retention rate at a business overall.
But how can you foster a trusting environment?
Well, there are several ways to enhance and increase the level of trust at your company. Follow these tips and steps to attaining the most trusting environment and culture possible.
How to Build Trust at your Workplace
Be open and honest, to a point
Transparency in the workplace is more important now than it ever has been. Employees value being in the know about the happenings of the business and it is a good way to raise employee satisfaction rates.
Being open and honest with employees as much as possible is the first and most important way to increase trust.
However, be sure to use good judgement when practicing transparency in business. Do not share any confidential employee information, as that is a way to break trust.
Show employees you care
Being a boss that clearly cares only about their own benefit and success is a boss that employees will have little to no trust in.
Showing employees through good management and people skills that you care about their individual development and success is a crucial step in the path to building trust and leading to happy employees.
Also promote this through encouraging constructive criticism among others and of yourself and by consistently building relationships with all employees.
Finally, exhibiting gratitude for the hard work your employees put forth is an important way to show you care about and appreciate those you work with.
Be a good listener
Listening to the problems, questions, and perspectives of those around you is not only a good way to be an effective leader, but also helps build trust in those you work with.
While many people listen just to respond, listening to learn and being present in any conversation can go a long way. Listening without judgement or reservations is a good way to build up one’s faith in the organization and culture.
When people feel like their voice is heard, they are more likely to have confidence in those around them and feel happier where they are.
Why it Matters
Trust in the workplace matters quite a bit, as a LinkedIn survey reports that 45% of workers cited a lack of trust in leaders as the biggest affecting their job performance.
Fostering a community high in trust and confidence can have large-scale benefits for your company.
In fact, Psychology Today notes that increased trust has many benefits including greater profitability, decreased employee turnover, increased employee engagement, better customer and client service, a higher rate of and more effective employee collaboration, heightened employee creativity, a higher level of productivity, and many other enticing benefits.
To receive further guidance on how to increase trust, enlist in the help of a PEO. To find the PEO that best matches the needs of your company, we provide a complimentary competitive analysis to find one that can best navigate your most prevalent issues and that will best understand your organization. Call us today to learn more.