I remember speaking with Greg Link when he and Stephen M.R. Covey were writing their book Smart Trust.

That was 10 years ago

What has changed? In essence accountable leaders who have assumed responsibility for trust continue to reap the rewards. But sadly, over the past decade not many have chosen this route. Instead, the majority of businesses are simply checking boxes and little more. Why? These activities are relatively fast, easy and can be delegated. Put the “trust” label on the program and check the box. Now the communications team has some great talking points. Brand trust, purpose trust, AI trust, digital trust, ESG trust, etc. The list is endless. Who benefits from this approach? Consultants, speakers, academics, media and NGOs who have all joined forces in monetizing “perception of trust.” Who loses? Boards, business leaders, employees, customers and most other stakeholders.

In Smart Trust Covey and Link discuss 5 actions

• Choose to believe in trust. …
• Start with self. …
• Declare your intent and assume positive intent in others. …
• Do what you say you’re going to do. …
• Lead out in extending trust to others.

These actions are a great starting point for business leaders, and there are many time tested strategies that will result in smart trust. Paradoxically, while trust is more important than ever, the majority of those who have the power to elevate it are choosing all the wrong approaches. I call that a dangerous win/lose proposition.

In the words of Covey and Link  There is a direct connection between trust and prosperity because trust always affects two key inputs to prosperity: speed and cost. In low-trust situations, speed goes down and costs go up because of the many extra steps that suspicions generate in a relationship, whereas two parties that trust each other accomplish things much quicker and, consequently, cheaper. The authors call high trust a “performance multiplier.” High trust creates a dividend, while low trust creates a wasted tax.

Whether you choose to be part of the trust problem or part of the solution, here are a few indisputable facts:

Trust is the outcome of principled behavior.

Trust is always interpersonal.

Trust takes time and it is built in incremental steps.

Trust building is an inside out, not an outside in activity.

Trust ALWAYS starts with leadership.

As Bill George said in his testimonial for Smart Trust… Nothing is more important than building trust in relationships and in organizations. Trust is the glue that binds us together. Everywhere I go I see a remarkable loss of trust in leaders, and once lost, trust is very hard to regain. I feel this loss is tearing at the fabric of society, as so many people love to blame others for their misfortunes but fail to look in the mirror at themselves.

For more information and resources on elevating trust, please visit www.trustacrossamerica.com

Or contact us directly.

Barbara Brooks Kimmel is an author, speaker, product developer and global subject matter expert on trust and trustworthiness. Founder of Trust Across America-Trust Around the World she is author of the award-winning Trust Inc., Strategies for Building Your Company’s Most Valuable Asset, Trust Inc., 52 Weeks of Activities and Inspirations for Building Workplace Trust and Trust Inc., a Guide for Boards & C-Suites. She majored in International Affairs (Lafayette College), and has an MBA (Baruch- City University of NY). Her expertise on trust has been cited in Harvard Business Review, Investor’s Business Daily, Thomson Reuters, BBC Radio, The Conference Board, Global Finance Magazine, Bank Director and Forbes, among others.

Copyright 2023, Next Decade, Inc.

What is the average lifespan of a public company?

“A recent study by McKinsey found that those companies listed in Standard & Poor’s 500 was 61 years in 1958. Today, it is less than 18 years. McKinsey believes that in 2027, 75% of the companies currently quoted on the S&P 500 will have disappeared.” While some might question this conclusion or argue that disruptive technology is primarily to blame, maybe lack of trustworthiness is the real culprit.

Every year Trust Across America-Trust Around the World creates a “Top 10” Most Trustworthy Public Company list. The 2022 list can be found here. Four of the companies were founded in the 1800s and all but one has been in business for more than 18 years. The average life span of the ten companies is 77 years. Could it be that the most trustworthy companies are not only great innovators, but also tend to stay in business because they are well governed?

Some of warning signs of poor governance and low trustworthiness may surprise you.

1. Trust is taken for granted and viewed as a soft skill. Either leadership never discusses it, or worse yet attempts to delegate it.
2. There is a new chief in town who holds the title of Chief Trust Officer but it is not the CEO (see #1 above) as it should be, and the job description is similar if not identical to the Chief Risk Officer. Trust building and risk mitigation skillsets are not one and the same and trust always starts at the top.
3. The skillset of the “leadership” team needs a serious reset. For example, layoffs are a first line of defense.
4. Employee turnover is high but no one is asking why.
5. The company website contains lots of Kumbaya “words” that do not translate into action. Just ask the employees.
6. Strategies for elevating organizational trust and trustworthiness have never been discussed let alone described, shared or agreed upon.
7. Leadership focuses on survival and short-term profitability. In fact in many cases, compensation is directly tied to quarterly earnings.
8. Board diversity in gender and race are present but sorely lacking is diversity of thought or opinions.
9. A well defined/aligned hiring strategy has not been implemented resulting in cultural confusion and non engaged employees.
10. Expensive Short-term “perception of trust” programs/workarounds are abundant. (Hint: Think about whether the program can easily tick a box.)

Take a look at this infographic for some additional insights.

Elevating trust and trustworthiness does not require complex formulas. Most of these warning signs can be easily addressed given the right tools and resources, and a willingness to fix what is broken. Want to learn more about building organizational trust and trustworthiness? Our website provides an endless number of tools and resources.

Barbara Brooks Kimmel is an author, speaker, product developer and global subject matter expert on trust and trustworthiness. Founder of Trust Across America-Trust Around the World she is author of the award-winning Trust Inc., Strategies for Building Your Company’s Most Valuable Asset, Trust Inc., 52 Weeks of Activities and Inspirations for Building Workplace Trust and Trust Inc., a Guide for Boards & C-Suites. She majored in International Affairs (Lafayette College), and has an MBA (Baruch- City University of NY). Her expertise on trust has been cited in Harvard Business Review, Investor’s Business Daily, Thomson Reuters, BBC Radio, The Conference Board, Global Finance Magazine, Bank Director and Forbes, among others.

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I recently published an article titled Twelve Ways to Kill Stakeholder Trust. It explained how “check the box” practices will not fix trust. Why is that? Because trust is interpersonal and starts with your people who do not fit into square boxes. Leaders who are counseled to perform trust work arounds, while calling them trust, should have no expectations of trust improving. In fact, they are elevating organizational risk by failing to commit to being consistently and continuously involved in trust building activities. Said another way, those who choose to delegate expensive box checking activities and treat trust as a soft skill will continue to build on their current trust deficit.

The article concluded with a promise to provide some actionable steps that business leaders can take to elevate trust. I asked some of our Trust Alliance members to provide their suggestions and selected the twelve most actionable responses. They are offered in no particular order. Each action stands alone as a powerful step in elevating trust. Pay careful attention to the words highlighted in bold. Read the actions published on Medium by clicking here.

Find out how you can elevate trust the “right” way.

Start by answering this one question (it will take no more than one minute and your response is 100% anonymous) and compare your response to 700 others.

And then learn more at this link.

Introducing the Trust Across America-Trust Around the World 

2022 Playbook for Building Systemic Trust…

THE WHY

These turbulent times have created a unique opportunity for enlightened and ethical leaders to foster an inspiring, inclusive, innovative, engaged, safe and enduring work environment. That means taking trust beyond talk to action, and placing it in the center of the business strategy.

The twelve principles comprising The “Art” of Trust™” were collaboratively created over the course of many years by a group of leading global trust scholars and practitioners who are members of our Trust Alliance. They have been tested and used with dozens of teams and organizations. In fact, these universal principles, known by the acronym Tap Into Trust or TAP, have been accessed over 150,000 times. They provide a common language for discussing the behaviors that build high stakeholder trust, beginning internally and working outwards. Trust can be a learned competence. Understanding its behavioral components takes the emphasis away from arriving at a common definition and towards a common language. Our framework also provides a less threatening, concise and action friendly trust building solution.

THE HOW 

Our 2022 playbook is designed to assist both team and organizational leaders in elevating interpersonal trust and then applying those skills to other stakeholders. Each month we will showcase one of our twelve principles, provide our monthly visual cue, a description of the behavior, team discussion questions, and additional resources including case studies. While every team faces unique trust challenges at different times, these twelve behaviors represent the most common ones that build or break trust. Sharing this playbook and having a scheduled team conversation about the monthly principle will bring the group closer to high trust by year end.

That’s our promise and our gift to you for 2022. Visit our website, hit the contact button and send us a note, or email info@trustacrossamerica.com. The playbook is free and will be delivered monthly via Constant Contact.

Let’s get started!

Barbara Brooks Kimmel, Founder Trust Across America-Trust Around the World

Why should business leaders care about trust? This is why:

Performance of Trust Across America’s

Most Trustworthy Public Companies vs. the S&P 500 (2014-2019)

The chart above is the cumulative “Return on Trust” of America’s annual “Top 10” Most Trustworthy Public Companies over the past six years. Through its FACTS® Framework, Trust Across America has been analyzing, assembling and publicly reporting on this data for ten years.

If you are the CEO of a public company, or any company for that matter, who claims there is no Business Case for Trust, now may be the time to reconsider. Why DO business leaders require proof or ignore trust as their most valuable strategic advantage?

Leaders take trust for granted

Trust doesn’t just “happen.” It is not bestowed upon leaders by virtue of their title.  Trust is a learned competence and an intentional business strategy that must be crafted, practiced, modeled, and reinforced daily.

Leaders focus on the wrong metrics

Growing quarterly earnings, over reliance on sales quotas, focus on “old school” risk and/or “new school” ESG metrics will not satisfy the trust imperative that stakeholders are increasingly demanding. Neither will talking rather than acting on trust.

Leaders treat trust as a “soft skill”

Organizational trustworthiness is a hard currency. The proof is in the chart above.

Leaders are “trust reactive” 

Rarely do we hear proactive leadership discussions about building stakeholder trust. Instead, trust becomes a communications talking point only after a breach. This is both a missed and lost opportunity for leadership.

Leaders delegate trust

Trust is not a function of legal, compliance, HR, communications, or any other department. Boards of Directors and executive leadership teams must spearhead trust, making it central to the organization’s core values, so that all stakeholders can benefit.

Note: In 2010 Trust Across America introduced the FACTS® Framework, an EXTERNAL quantitative measurement of the corporate trustworthiness of America’s largest 2000+ US public companies. The Framework identifies companies whose leadership is going beyond doing just what is legal and compliant to choosing the right core values that satisfy all stakeholder needs. The FACTS® Framework is the most comprehensive and data driven ongoing study on the trustworthiness of public companies. We analyze companies quarterly and rank order showing trends by company, sector and market capitalization. Read more about the Framework at this link.

In 2018 Trust Across America-Trust Around the World’s Trust Alliance, a group of global trust scholars and practitioners, introduced its Trust Alliance Principles (TAP), and in 2019 our AIM Survey tool was created to guide leaders and teams in building trust INTERNALLY. It is based on universal behaviors that strengthen and weaken trust. To date, almost 150,000 global professionals have tapped into trust, and dozens of teams and organizations have used our simple survey tool to start a trust discussion.

For more information visit our website at www.trustacrossamerica.com or contact us.

Purchase our books at this link

Copyright © 2020 Next Decade, Inc.

Today we conclude our 2020 Trust Insights series. Should you ever choose to think about the role trust plays on your team or in your organization, start by answering the question “Trust to do what?” and then consider the following:

• All leaders and their team members must take ownership and be proactive about trust. Trust must first be well defined, never taken for granted or only talked about after a crisis. More on this subject at this link.
• Trust is an outcome of principled behavior on the part of all leaders and team members. Access our Trust Alliance Principles to learn more. The weakest behaviors break the trust chain.
• Leadership effectiveness should be evaluated by the internal environment of trust that has been created and maintained. Learn how you can evaluate it.
• Trust cannot be regulated or delegated to a “department.” Without shared values that foster a culture of trust, leaders defer to legal and compliance to enforce rules. Read “Trust: Going Beyond Compliance & Ethics.”
• No organization is sustainable without a foundation of trust, and there are no shortcuts.
• Trust in leadership and among teams cannot be measured by public opinion polls. Don’t confuse external “perception of trust” surveys with internal surveys of trust.
• A company cannot create authentic brand trust without first building trust internally.
• If you are a leader who is not willing to personally do the work to build trust, don’t talk about it as if you are. Read “Ten One Liners for the Low Trust Leader.”
• The only way to build trust is to behave your way into it. Unfortunately there are no shortcuts to trust, and there are many work arounds.
• Ignoring trust as an intentional business strategy presents enormous enterprise risk. The benefits of high trust are too numerous to ignore.

I hope you have enjoyed our 26-week Trust Insights series.

Before you leave, Tap Into Trust and complete our 1 minute/1 question quiz. Find out how the level of trust in your workplace compares to over 500 others. 

Have you reviewed how our workshops are helping teams and organizations just like yours elevate trust? Schedule an ONLINE webinar today.

Did you miss our previous 2020 Trust Insights? Access them at this link.

Contact us for more information on elevating trust on your team or in your organization or email me directly:

Copyright 2020, Next Decade, Inc.

Given the right tools, trust can be measured. Barbara Brooks Kimmel

For decades, the external advisors to senior business leaders have counseled them to measure and evaluate every action according to return on investment. In recent years, box checking has become increasingly popular as well. Have you met your quota for women on boards? Are you decreasing your carbon footprint? Diversity and inclusion? Check. Advisory firms love to build new boxes to keep themselves in business. Last year’s box was “Purpose” and this year it is ESG. Imagine the year that the “trust” box becomes the box of choice. If you need proof that a business case for trust exists, please request it by sending an email to: info@trustacrossamerica.com

The following is a simple starting point to measure whether your employees trust you and trust each other. Ask them to count the behaviors below that are present in your organization.

• High energy, motivation and engagement
• Easy to hire and onboard new employees
• Fun and laughter
• High confidence, creativity and risk taking
• Thriving innovation and productivity
• Team alignment, sharing of information and credit, and quick forgiveness
• Accountability and transparency as the norm
• Willingness to be vulnerable and open, speak freely, and to listen
• Positive team-building behaviors including gratitude, empathy and candor
• A strong sense of “community” and shared values

Now ask them to identify how many of the following are present.  

• Low energy, low productivity and burnout
• High employee turnover and excessive use of sick days
• Difficulty recruiting new employees
• Too much focus on risk, rules and regulations 
• Low innovation
• No sharing of information and resistance to ideas
• Lack of respect and passive/aggressive behavior
• Resignation and cynicism
• Finger-pointing, water cooler talk and lots of judgment
• Cordial hypocrisy

Subtract the second number from the first to arrive at your trust baseline score.

Let’s say hypothetically your employees identify 5 positive trust behaviors and 5 negative. (5-5=0). Your trust score is zero. Don’t expect much employee engagement, innovation or risk taking.

Or your employees identify 8 positive behaviors from the first list and 2 negative from the second (8-2=6). Six is better than zero.

Or 2 posItive and 8 negative (2-8= -6). Not a place ANYONE wants to work. (And that “trust” box certainly can’t be checked.)

Our AIM Towards Trust survey tool has been used in dozens of teams and organizations to measure trust, start the trust discussion and fix what’s broken. The proactive and ethical business leaders who have adopted these tools can now check that trust box with confidence.

Before you leave, Tap Into Trust and complete our 1 minute/1 question quiz. Find out how the level of trust in your workplace compares to 500 others. 

Have you reviewed how our workshops are helping teams and organizations just like yours elevate trust? Schedule an ONLINE webinar today.

Did you miss our previous 2020 Trust Insights? Access them at this link.

Contact us for more information on elevating trust on your team or in your organization or email me directly:

Copyright 2020, Next Decade, Inc.

If you don’t own trust, don’t expect others to own it either. Barbara Brooks Kimmel

I was recently asked to lend a bit of trust subject matter expertise at a webinar hosted by Navex Global. Several polls were conducted during the program. In the chart below, 420 respondents selected who they thought had primary responsibility for organizational trust.

Do you agree?

If you would like to learn more about who owns trust, please click on this recent Human Synergistics/ Culture University article, Creating a High Trust Culture: Who is Responsible?

Please stop by our website for additional resources, or schedule a call to learn how we can help elevate trust in your leadership team and among employees in your organization.

Did you know that over 136,000 global professionals have Tapped into Trust? Have you?

Copyright 2020, Next Decade, Inc.