Showing posts with label Trust Index. Show all posts
Showing posts with label Trust Index. Show all posts

Sunday, November 13, 2022

Trusted Leadership

Creating the trust on leadership

"Businesses have evolved into something nearly unrecognisable compared to just two years ago. In this evolved and changed world, employees and customers are looking to leadership for guidance in the workplace."  

One of the important factors we need to think about is improving the trust capital in the organisation (please read Vinod Bidwaik : Trust Capital). However, leaders may have different opinions on how to create trust. Role modelling is missing and their limited understanding about the business and human capital is creating challenges within organisations. In fact the major weakness is they don’t know what exactly trust means. Most of the time, expectations are just to follow leaders without challenging their thought process. Lack of alignment from employees point of view is also the lack of trust on the leader. This is based on the experience employees get during the interaction with leaders. If employees don’t trust the leaders, it also means that employees are not engaged and aligned to the larger purpose. You will not see the impact short term. People still may work, achieve their results, or may just do what is told or expected, but the impact is long term.   


Leaders must also act as a guide in the midst of uncertainty. The high call of trusted leaders is to give as much clarity as possible during the VUCA world. Your fastest opportunity to build trust is in times of crisis and recovery, but it is also the time you can lose it most quickly. People don’t follow the leaders they don’t trust. 


When trust in teams goes up, people feel safe and valued so they are willing to share ideas and praise, which in turn leads to increased innovation and productivity. Trust builds psychological safety. 


How to improve trust in leadership?


Relationships: Networking and building relationships across the organisation is crucial nowadays. Relationships are primarily based on the emotional connections between employees and leaders. Sometimes title, position, poor listening skills, attitude, aggression and micro management keeps away employees from the manager. Sometimes, leaders have the blind spot of their behaviours, like managers spending more time with one team member can create the wrong perceptions in other team members. Perhaps the manager may have more stakes in the role of that person or it may be his favourite area and s/he may be doing it unintentionally but people perceive it differently. Even managers and employees living in the same area and if they are carpooling, other team members become insecure. This may lead to gossiping about the proximity between two. So as a leader, you need to build relationships so that all people get the feeling of equality.    


Clarity in communication: Communication is effective when you understand the next person. Trusted leaders speak from the heart. First they understand the audience and then decide their strategy to communicate. They demonstrate empathy and are effective in listening. It is not about showing what knowledge you have but being vulnerable and asking the right questions and saying, “I don’t know,” if they don’t know any subject.    


Role Modelling: People trust when you walk the talk. Unfortunately nowadays, all dnyan is for others and not for leaders. Nowadays sustainability is the buzzword. Every corporate leader is speaking about reducing carbon emission and the irony is that to explain sustainability, those leaders are travelling from one continent to another. People preaching on carbon emission have lavish offices with continuous running air conditioners and with luxury cars. So role modelling is very important when you want to believe people in leadership.   


Capabilities and Competencies: People will trust you when you have the functional, behavioural and leadership competencies and you are capable to manage the role you have taken. Continuous learning, being agile and relevant is the key to becoming competent. Unfortunately people speak a lot about but hardly implement in their behaviours.   

 

In Spite of having and doing good 100% people will not trust leadership. People still have their opinions and perceptions and those are built by them based on their experiences, right or wrong, with you. However, always keep doing good work, making a positive impact in the lives of people.


Please respond the survey, I am conducting, as a part of my research by clicking on >> Leadership Competencies required for managers while handling crisis situations

(Opinions are purely personal & does not represent my organizations, current or past) 

Author's books are available on AmazonFlipkartPothi and BookGanga. You can buy the print copy of Vitality in Human Resources on amazon. Click >> Vitality in Human Resource: Adding human dimensions in HR processes    

Royalty from books is used for social cause. 

Saturday, May 08, 2021

Trust Capital

Everybody is aware about different capital employed in organisations like man, machine money etc. But do you know that there is another type of capital which is imperative in any organisation. And that is “trust capital”. This can’t be created by anybody else, but it is created by the leaders. But the fundamental question remains, ‘how to create that trust capital?’ We all know what trust means. Trust is one of the important elements in leadership. But how are we going to create that trust among employees? Employees expect that the organisations and specifically leadership team and managers trust their employees, they are respected, valued and their contribution is recognised. They reciprocate it by demonstrating their trust in the leadership. 

Trust capital is directly proportional to the cultural index of the organization and your leadership mindset. The more transparent, genuine, and empathetic your leadership is, the more trust by the employees.  During this pandemic few organizations are going the extra mile to support employees, however there are few other organizations who are asking employees to work from office and reducing their salaries. In the first case, organizations are creating the trust capital, in later it is just a business. Employees would keep this in mind always.

If you don't have trust in your team, you tend to micromanage your team, hold the knowledge within yourself, become insecure. This is again reciprocated by employees. When people don’t trust you, it becomes obvious in their behaviour.

The fundamental question is how to create the trust capital?

Trust capital has the following vital elements.

Elements of Trust Capital

Credibility: Every leader has to establish his/her credibility in the organization. Credibility is pursued by employees and by the people at large based on their experience with you, based on the behaviour you demonstrated in the past. It also means while communicating, how genuine you are with the people, how transparent you are in your behaviour. When you are credible, people trust what you say.  

Reliability: Cambridge dictionary has defined the meaning of reliability as “the quality of being able to be trusted or believed because of working or behaving well”. Employees are always watching their leaders, when they observe the gap between saying and doing, they would not trust you.

Consistency: Consistency is referred to as adherence to the same principles in a steadfast way. It also means your behaviour is the same for similar actions where employees believe that the leader is not unfair. S/he is consistent. If you want to be trustworthy, then you need to be consistent in your efforts towards creating the trust capital.

Empathy: Emotional intelligence is the crucial leadership trait. You can learn it with some effort. One of the elements of emotional intelligence is empathy. Unless you don’t put yourself in the shoes of others, you will not understand their emotions. If you demonstrate empathy, it is easy to connect and decide your strategy to deal with the person.   

Insight- Self vs Others: While you are demonstrating above all behaviours, it is very important you do it with right intentions. The first question you should ask is, am I doing with right intentions? Is my focus primarily on ‘myself’ or ‘others’? Am I self-centered and thinking more about only myself? Your trust index will be impacted if your focus while dealing with people is more on you and less on others.  

When every leader, every manager and every employee demonstrates above behaviours, it creates collective trust capital in the organization. If you want to calculate the trust capital index, just rate the behaviour on the scale of 1 to 5 on Credibility, Reliability, Consistency and Empathy; divide the sum total by Insight score. Insight score can be given high (5) when intentions focuses towards more on self, (it means you have limited insight of others, you are more self -centered) and minimum (1), when it is towards others, (it means you focus others also and have the insight of their feelings).

Trust Capital Index

Trust is an important part of any relationship. You can build your trust capital individually. If all come together, then you along with others can create the trust capital in the organization, society, or family. You jointly can create the collective trust capital by being authentic and demonstrating the right behaviours.      

(Opinions are purely personal & does not represent my organizations, current or past) 

Author's book are available on AmazonFlipkartPothi and BookGanga 

Vitality in Human Resource is now available in paperback edition. Please click here to buy

Buy Industrial Relations Strategy Framework For Every Manager on amazon. Click IR Strategy Framework.


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