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It is very difficult to get anything done in any relationship if there is a lack of trust. This applies to employer--employee relationships as well. In today's business environment, it is becoming more and more difficult to get and maintain the trust of employees.

Low levels of trust can have a profound impact on the bottom line results of a company. For example:

聲 High trust companies had a total return (stock price plus dividends) that was 286 percent higher than low trust organizations (Watson Wyatt study, 2002)

聲 Fortune Magazine's "100 Best Companies to Work For", in which trust accounts for 60 percent of the rating nike free run 3.0 sale , earned over four times the returns of the broader market over a seven year period (Russell Investment Group study, 2005)

According to Stephen Covey, trust impacts the economics of a company in two ways--speed and cost. Low levels of trust require a company to create redundancy. There is excessive hierarchy, control, and overlapping responsibilities. This is coupled with bureaucracy that creates excessive rules, procedures www.flyknittrainerssale.com , policies, and paperwork.

When people feel that they aren't trusted, they become disengaged and put forth just enough effort not to get fired. A Gallup study showed that 96 percent of engaged employees trusted management, yet only 46 percent of actively disengaged employees trusted management. Gallup's research puts the annual cost of disengagement at $250 to $300 billion dollars per year.

Recent corporate scandals such as Enron, WorldCom, Health South nike flyknit shoes sale , Adelphia, and Rite Aid have hurt employee confidence in management. Despite their best efforts, managers in all companies are losing trust because of guilt by association. If they are not careful, business executives will be placed in the same category as politicians, lawyers, and used car dealers as professions with low public perceptions of trust.

To build a culture of trust nike flyknit sale , a senior leader must recognize the value of a high trust organization, model trust in his or her personal behavior, and align systems and structure around trust. I recently read about a hospital CEO who wanted to change the culture of his organization. Turnover is a significant issue in the health care industry because of the shortage of skilled people. In order to reduce turnover, the hospital was focusing on improving employee satisfaction. One issue that the nurses had was that there wasn't a copier at each nurse station and when they went somewhere to use one, it was locked and required checking out a key to use it. This was a trust issue--what management was saying was that nurses could not be t. Wholesale Nike Shoes Womens Wholesale Jordan Shoes Cheap Wholesale Air Max 2018 Wholesale Vapormax China Wholesale Nike Shox Cheap Authentic Air Jordans Wholesale Nike Shoes China Cheap Air Max From China Wholesale Air Max Online Wholesale Mens Air Max
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