Why the key to the productive work is trust?

Do you really trust your colleagues? Let’s discuss why its critically important for success of your business.
Recent years have been abundant with misery and anguish. From the pandemic to political conflicts and war, economic struggles and ecological crises. It gave birth to a generation of anxiety and uncertainty. As observed, global progress is pushing us in divergent directions, emphasizing the significance of selecting the right voices to shape discussions about the future.

Our efforts to establish digital HR-services pave the way for a corporate enhanced cooperation. We can find there is still ample room for improvement in fostering trust, r and strengthening people's sense of security.

According to the Edelman “Trust Barometer”¹ (a survey of 33,000 people in 28 countries), one in three people doesn’t trust their employer. The lack of trust leads to poor communication. Poor communication leads to difficulties with problem-solving. An unfavorable work atmosphere breeds immense stress and an unappealing environment for all individuals involved. In such organizations, employees suppress their talents, creativity, energy, and passion, leading to a decline in productivity, innovation potential, competitive advantage, and numerous other drawbacks.

The level of trust within a workplace significantly influences the collaboration and synergy among employees working on a shared project. Nowadays, with a majority of employees working remotely or in hybrid setups, employers have recognized the crucial significance of establishing trust. In many instances, inadequate employee communication stands out as the primary cause for subpar collaboration. The initial stride towards fostering trustworthy and collaborative work environments involves promoting transparent and sincere communication within the workplace.

So, how can we build trust in a workplace?

It might be worth a while to start with an atmosphere in the company.

¹ The 2022 Edelman Trust Barometer is our 22nd annual trust and credibility survey. https://www.edelman.com/trust/2022-trust-barometer

The ALBI platform can be a good first step to create an amicable space for your workers. The AlbiCoins is a pre-designed solution crafted to boost employee engagement in the workplace and manage corporate benefits programs. By combining both non-financial and financial incentives, it effectively amplifies both intrinsic and extrinsic motivation among employees. The more engaged workers are, the easier it is for them to trust their employer, building stronger social bonds with co-workers. It helps to create a better company culture with more clear and transparent communication channels. In a comprehensive study conducted by IBM, involving over 1,700 CEOs from 64 countries and 18 industries, a significant revelation emerged. It was found that companies surpassing their counterparts are 30% more inclined to recognize openness as a pivotal factor influencing their organization.

The system of coins is connected to the “benefits cafeteria” – the system of rewards, where employees are able to choose an award for gained ‘coins’. When people are rewarded for their work and achievements it boosts motivation and engagement and also builds trust in the company. Trust is possible in circles where people are involved in positive interactions. Being recognized for a good work and also being rewarded for it is a crucial part in building such an atmosphere.

Resourses:

1. “THE BUSINESS CASE FOR A HIGH-TRUST CULTURE”. Great Place to Work, 2016
2. 5 Steps for Building Trust in the Workplace. (2022, December 6). Main.