New data explores trust gap between execs and employees

09/23/24 at 02:45 AM

New data explores trust gap between execs and employees
HR Daily Advisor; by Lin Grensing-Pophal; 9/19/24
Creating a harmonious workplace where trust flourishes between employers and employees is crucial for aligning incentives and driving employee engagement. Unfortunately, that trust is often hard to find in the business world. ... Consider, for example, these data points from the PwC survey:

93% of business executives agree that building and maintaining trust improves the bottom line.
94% of executives say they face at least one challenge when building trust with stakeholders.
86% of executives say they highly trust their employees, but only 60% of employees feel highly trusted.

... Addressing this issue requires a multifaceted approach, starting with fostering open dialogue, implementing transparent policies, and demonstrating a genuine commitment to employee and customer well-being. Encouragingly, some businesses are leading by example, actively working to narrow the trust gap by integrating these principles into their corporate DNA.

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