17 Jan Build social capital and trust within your team and build the future of your business
Build social capital and trust within your team and build the future of your business
The future of your business relies heavily on the commitment and dedication of your team. If they are unhappy in their work, if they lack connection, engagement and trust in their relationships with each other and in the work that they do, your business will underperform.
Building strong social capital, trust and a healthy working culture is vital in the ever-changing, demanding world in which your business exists.
When you take the time to create an environment of high trust and social capital, you will build a robust, resilient and productive working culture.
But what do these 2 things – social capital and trust – really mean, and how does getting them right positively affect your business?
Social capital concerns the relationships formed within your team. A happy, more connected team will be happier in their work, which is often of a higher standard as a result.
Trust is not only about your team trusting you, but also relates to trusting each and every other member of the team, increasing their engagement and commitment to getting a job done and doing it well.
This is crucial to the future of your business when research suggests that the odds are stacked against you.
2022 research from the Gallup World Poll shows that 62% of workers globally are emotionally detached from their work, and 18% are downright miserable.
The same research study shows that in the best-run businesses, 73% of employees are emotionally engaged and thriving at work – more than 3 times the global average of 20%.
High-trust environments, as you would expect, produce happy, emotionally engaged and committed teams…