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Q4 Tust or Rust

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Les Morgan

This document discusses how measuring and improving trust within an organization is key to increasing performance. It recommends that leaders: 1. Assess current trust levels with direct reports, boards, employees and customers. Having individuals privately rate their trust in colleagues on a scale can increase self-awareness. 2. Discussing trust issues openly and addressing weaknesses, with the help of an external facilitator if needed, can align teams to achieve higher performance and enjoyment. 3. Referring to frameworks like the "trust-tax index" can further identify where an organization stands on trust and ways to develop it. High-trust organizations often outperform peers in both engagement and financial returns.

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Q4 Tust or Rust
How do we move towards trust? Firstly, become self-aware of your levels of trust with a) yourself (do you do what you say you will do?) b) your top team (measure it now) c) your Board d) your workforce e) your customers. In my experience working with any Board or senior team, measuring the trust levels to start with is key – otherwise what is actually true in anything they say? This can be done, either openly (if they are mature and really ready for change) or by having them write down and thus become aware of their interpersonal trust scores, without the initial discomfort of making them overt. The team can then be helped in the courageous step to look at the real 'hard facts'. Some may at this point have chosen to leave – such openness and authenticity of a challenging and trusting organisation is not for everyone and that's OK. Let's 'feel' that reality now! With pen and paper to hand write down the names of your closest colleagues, whatever level you are at in the organisation, with 10 being complete trust and 0 being complete mistrust – and without thinking, as your subconscious already knows all these scores, write down the first number that comes into your mind when you think of the name you are looking at. So.......how does that look - or more importantly - how does that feel.......? Now just as importantly and with that new knowledge and self awareness, how are you going to address what is now your new reality? This is where an external facilitator can, oil the wheels of change, with authentic and challenging communications, to finally align your team to achieve high speed and high ongoing performance, as well as greater enjoyment. Exploring trust is the one thing that will change everything in improving our engagement, effectiveness and enjoyment, in the world where we work, rest and play. Businesses do not do business with other businesses - people do business with each other. Feelings (EQ) are far more important (and real) than the superficial facts (IQ). Secondly let’s take a look at where you think your organisation is on the trust-tax index from Stephen Covey Jnr's excellent book 'The Speed of Trust'. Use the tables on the next two pages and identify where your organisation is in terms of the most important thing in business and then take time to crucially openly discuss it; individually with the CEO leading, or collectively, facilitated by the CEO or HRD, or as I say with a neutral and trusted external facilitator. This should be done as a follow on from the first exercise above, when the team is ready to face such a challenge........ideally within two weeks of the writing of the numbers. “You can have all the facts and figures, all the supporting evidence, all the endorsements that you want, but if you don’t command trust, you won’t get anywhere.” Naill Fitzgerald former chairman, Unilever Higher staff turnover Lower morale Higher advertising Lower acceptance and speed to change & interviewing costs Higher training costs Lower creativity Higher lost knowledge Lower job applications from true talent Higher absenteeism costs Lower work effectiveness & continuity Higher sickness costs Lower fun and enthusiasm Higher dis-engagement rates Lower speed to market (crucial in due to continual today's internet workplace) crisis management Higher bureaucracy & Lower engagement micromanagement Highly dysfunctional Lower turnouts at open events relationships (them & us) Higher HR, tribunal & Lower profits compensation costs This all leads to the true costs of an organisation with low levels of trust...........
The 40% Tax (Low Trust) The 20% Tax (Trust Issues) No Tax/No Dividend (Trust is not an issue) Trust Taxes and Dividends The 80% Tax (Non Dividend) The 60% Tax (Very Low)
Notice the organisations in The Sunday Times Top 100 Best Companies To Work For List – they turn the table on pg2 on its head and show that the five-year average returns of organisations in that list, outstrip any equivalent organisations in the FTSE 100 by over four times the level of profit – 15.1% c.f. 3.5% even during times of recession! Take Google – their culture of trust, allows staff to spend 20% of their time on anything they want, while still obviously related to Google's success. Thus they choose, something they 'want to' do and ENJOY doing (EQ). Guess what – 50% of Google's new products come from that 20% of free and trusted time! So............ if its effectiveness you're after – trust is the key. If its enjoyment you're after – trust is the key If its engagement you're after – trust is the key And the real profit here, (as financial profit is easy when people are effective, enjoying and engaged), is that the organisation succeeds, the employees succeed, their families succeed and the community in general grows and succeeds. (unlike that IQ banking world of almost complete mistrust and societal pain bereft of trust) “Technique and technology are important, but adding trust is the issue of the decade.” Tom Peters business author and consultant “Speed happens when people really trust each other.” Edward Marshall “If you’re not fast, you’re dead.” Jack Welch former CEO, General Electric If you wish to explore the use of trust in your organisation – email or call me. e – Les@qfour.org.uk m – +44 (0)7770 903266 The 20% Dividend (Trust Is A Visible Asset) The 40% Dividend (World Class Trust) So in short, if there is limited trust (oil), in any organisational machine, it will place itself in a far weaker position in terms of effectiveness, engagement, enjoyment or existence, than one that is actually discussing, dealing and deciding on the one 'hard fact'', that has the ability to alter everything in that organisation. So Trust or Rust indeed.... In fact ultimately, for the individual, the team, the organisation, the family or the community – it's Trust, Rust or Bust..!! And your action now is.................??

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Q4 Tust or Rust

  • 2. How do we move towards trust? Firstly, become self-aware of your levels of trust with a) yourself (do you do what you say you will do?) b) your top team (measure it now) c) your Board d) your workforce e) your customers. In my experience working with any Board or senior team, measuring the trust levels to start with is key – otherwise what is actually true in anything they say? This can be done, either openly (if they are mature and really ready for change) or by having them write down and thus become aware of their interpersonal trust scores, without the initial discomfort of making them overt. The team can then be helped in the courageous step to look at the real 'hard facts'. Some may at this point have chosen to leave – such openness and authenticity of a challenging and trusting organisation is not for everyone and that's OK. Let's 'feel' that reality now! With pen and paper to hand write down the names of your closest colleagues, whatever level you are at in the organisation, with 10 being complete trust and 0 being complete mistrust – and without thinking, as your subconscious already knows all these scores, write down the first number that comes into your mind when you think of the name you are looking at. So.......how does that look - or more importantly - how does that feel.......? Now just as importantly and with that new knowledge and self awareness, how are you going to address what is now your new reality? This is where an external facilitator can, oil the wheels of change, with authentic and challenging communications, to finally align your team to achieve high speed and high ongoing performance, as well as greater enjoyment. Exploring trust is the one thing that will change everything in improving our engagement, effectiveness and enjoyment, in the world where we work, rest and play. Businesses do not do business with other businesses - people do business with each other. Feelings (EQ) are far more important (and real) than the superficial facts (IQ). Secondly let’s take a look at where you think your organisation is on the trust-tax index from Stephen Covey Jnr's excellent book 'The Speed of Trust'. Use the tables on the next two pages and identify where your organisation is in terms of the most important thing in business and then take time to crucially openly discuss it; individually with the CEO leading, or collectively, facilitated by the CEO or HRD, or as I say with a neutral and trusted external facilitator. This should be done as a follow on from the first exercise above, when the team is ready to face such a challenge........ideally within two weeks of the writing of the numbers. “You can have all the facts and figures, all the supporting evidence, all the endorsements that you want, but if you don’t command trust, you won’t get anywhere.” Naill Fitzgerald former chairman, Unilever Higher staff turnover Lower morale Higher advertising Lower acceptance and speed to change & interviewing costs Higher training costs Lower creativity Higher lost knowledge Lower job applications from true talent Higher absenteeism costs Lower work effectiveness & continuity Higher sickness costs Lower fun and enthusiasm Higher dis-engagement rates Lower speed to market (crucial in due to continual today's internet workplace) crisis management Higher bureaucracy & Lower engagement micromanagement Highly dysfunctional Lower turnouts at open events relationships (them & us) Higher HR, tribunal & Lower profits compensation costs This all leads to the true costs of an organisation with low levels of trust...........
  • 3. The 40% Tax (Low Trust) The 20% Tax (Trust Issues) No Tax/No Dividend (Trust is not an issue) Trust Taxes and Dividends The 80% Tax (Non Dividend) The 60% Tax (Very Low)
  • 4. Notice the organisations in The Sunday Times Top 100 Best Companies To Work For List – they turn the table on pg2 on its head and show that the five-year average returns of organisations in that list, outstrip any equivalent organisations in the FTSE 100 by over four times the level of profit – 15.1% c.f. 3.5% even during times of recession! Take Google – their culture of trust, allows staff to spend 20% of their time on anything they want, while still obviously related to Google's success. Thus they choose, something they 'want to' do and ENJOY doing (EQ). Guess what – 50% of Google's new products come from that 20% of free and trusted time! So............ if its effectiveness you're after – trust is the key. If its enjoyment you're after – trust is the key If its engagement you're after – trust is the key And the real profit here, (as financial profit is easy when people are effective, enjoying and engaged), is that the organisation succeeds, the employees succeed, their families succeed and the community in general grows and succeeds. (unlike that IQ banking world of almost complete mistrust and societal pain bereft of trust) “Technique and technology are important, but adding trust is the issue of the decade.” Tom Peters business author and consultant “Speed happens when people really trust each other.” Edward Marshall “If you’re not fast, you’re dead.” Jack Welch former CEO, General Electric If you wish to explore the use of trust in your organisation – email or call me. e – Les@qfour.org.uk m – +44 (0)7770 903266 The 20% Dividend (Trust Is A Visible Asset) The 40% Dividend (World Class Trust) So in short, if there is limited trust (oil), in any organisational machine, it will place itself in a far weaker position in terms of effectiveness, engagement, enjoyment or existence, than one that is actually discussing, dealing and deciding on the one 'hard fact'', that has the ability to alter everything in that organisation. So Trust or Rust indeed.... In fact ultimately, for the individual, the team, the organisation, the family or the community – it's Trust, Rust or Bust..!! And your action now is.................??