Okay, we keep talking about the importance of building trust in the workplace through open communication, and a new survey by Deloitte proves us out.
According to Deloitte LLP’s fourth annual Ethics & Workplace Survey, one-third of employed Americans plan to look for a new job when the economy gets better. Of this group of respondents, 48 percent cite a loss of trust in their employer and 46 percent say that a lack of transparent communication from their company’s leadership are their reasons for looking for new employment at the end of the recession.
It is not just a nice idea to work on building trust with employees, but it will help you reduce turnover costs, as well. When employees leave, they take with them knowledge of the organization, knowledge of their jobs, networks with colleagues, and networks with customers. All of this can add up to enormous losses for a company.
If you are interested in ways to improve open communication and build trust, feel free to read our book!