Trust is a Competency: Chief Learning Officer Magazine
Saturday, May 17th, 2008The Speed of Trust is a powerful way to recession-proof your career and your organization. When the going gets tough; projects, money, promotions, and jobs gravitate to trusted high performers. The last to be laid-off or outsourced are those “go-to” players who are trusted. A 2005 study by Russell Investment Group showed that Fortune Magazine’s “100 Best Companies to Work For” (in which trust comprises 60% of the criteria) earned over four times the returns of the broader market over the prior seven years.
The May 2008 edition of Chief Learning Officer (CLO) magazine featured The Speed of Trust in an article entitled: Trust is a Competency. This prestigious magazine is well known by leading executives around the world. CLO called trust “a critical characteristic that is more essential to business performance than ever.” The article goes on to say: “Increasingly more and more, leaders today are ‘rediscovering’ trust as they begin to see it with new eyes. Looking beyond the common view of trust as some soft, intangible, illusive social virtue, they’re learning to see it as a critical, highly relevant, and tangible asset. They’re discovering that trust affects—and changes—everything within an organization…literally every dimension, every activity, every decision, every relationship. They’re also beginning to recognize that trust is quite possibly the single most powerful and influential lever for leaders and organizations today.”
Stephen concludes the article with this practical advice for executives: “So what is the role of learning practitioners with respect to trust? I suggest it’s three-fold, corresponding to the three ways of seeing trust with new eyes: (more…)

Photo Credit Willie Holdman 



