January 19, 2022
Trust. It is key to relationships. And while you might not have given it a lot of thought, that includes our relationships with our employees. With the Great Recession still ongoing, you might think there are more pressing things for small business owners to focus on right now, but I am here to tell you that your employees’ trust is more important than you might think.
Trust enhances teamwork. It leads to improved efficiency, productivity, and engagement. When your employees trust you, they are more willing to follow your leadership. Trust in you gives your employees psychological safety, which in turn reduces stress and burnout.
Let’s look at the flip side of that and see what a lack of trust can do.
Employees who don’t have trust in their bosses are less likely to admit mistakes. This can lead to mistakes snowballing, which means you will spend more time on damage control.
A lack of trust leads to employees unwillingness to make independent decisions because they do not believe you will support their choices. Think about how much time will be wasted in your having to approve every small decision your employees make.
Employees who do not feel trusted are less likely to offer new ideas and opinions. This leads to decreased teamwork and collaboration, and it might just cost your business some amazing ideas that will help you grow and succeed.
Want to know some ways to foster trust? Watch for my blog next week when I look at that in greater detail. Make sure you are signed up for my newsletter so you know right away when that is posted!
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