Business cultures that foster trust between managers and workers are generally more effective than ones that don’t. A trust-based culture can help reduce workplace stress, minimize worker turnover due to burnout, and offer more space for innovation and creativity. Interpersonal working relationships that have a strong component of trust can help maintain team cohesion, even during periods of intense change and/or disruption. How can employers build and maintain trust among workers regardless of centralized and decentralized recruitment? This blog explores how equity and sustainability are key to sustainability.
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Using Equitable and Sustainable Practices to Build Trust
Diversity, equity, and inclusivity (or DEI) are key drivers when it comes to businesses achieving long-term organizational goals. In other words, DEI is an important success factor, and businesses need to constantly evaluate and adapt their DEI strategies as required by business necessity. Another key success factor is trust, especially in operational efficiency and worker productivity. Lacking these ingredients, any workplace will find it extremely difficult to build trust and a sense of belonging among workforces, ultimately driving up turnover and lowering employee engagement. Here’s how employers can foster the trust needed to create the sense of belonging that employees need to feel engaged and motivated.
Creating a Culture that Supports Engagement
Business leaders and managers are generally in an important position to influence workplace culture. They can take steps that help with the advancement and diversity, equity, and inclusivity; but for that to happen, employers must first formally define the kind of workplace culture and employee experience they want to offer. This culture will then determine how workforce strategies are created, what values are most critical for success, and the steps that can be taken to turn these business expectations into tangible experiences. Leaders, therefore, need to develop an empathic understanding of diverse workforces, including their needs and expectations.
Understanding Generational Needs of Modern Workforces
Business leaders must also recognize that the new generation of professionals has a vastly different set of needs and expectations than older workers. As such, meeting these needs and expectations can help foster engagement while reducing the risk of losing skilled workers to competitors that are more cognizant of their needs. Offering competitive salaries and benefits, improving benefit plans meaningfully, and streamlining reimbursement methods are immediate and effective ways to gain trust among newer workforces. Additionally, employers may need to restructure retention efforts in ways that more forcefully communicate the value of a worker’s presence and contributions. This can inspire workers to feel immediately valued at their workplace and to rethink any inclinations they may have about working elsewhere.
Leveraging HR Data to Address Employee Issues
The data that HR departments and workforce management tools gather are key information sources. Software such as employee monitoring software can offer insights into employee behavior, specific issues, and areas of improvement that leaders or managers can address in more specific ways. Modern HR functions should strive to automate the collection and management of this data and convert it into actionable or meaningful information that business managers can leverage. These data-backed decisions may prove far more targeted and effective than broader efforts to drive engagement and retention.
Incorporating Social Equity and Sustainability in Workforces
Corporate social responsibility can often be a big part of any employment value proposition. Therefore, investing in initiatives such as community uplifts can demonstrate an employer’s commitment to social equity in addition to responsible profitability. These visible investments can help employees develop a more positive perception of their employers, and thus boost motivation and engagement among the workforce. Sustainability initiatives can help businesses better position themselves in response to environmental, social, gender, ethnicity, and health challenges.
The actions that businesses take in response to these challenges are very visible to workers. Considering how much younger workforces value equitable, sustainable, and fair employment practices, it is critical for businesses to make the right choices. Workers are most likely to trust employers and feel more engaged within their roles if they can see meaningful efforts to manifest social equity, community uplift, and sustainability. By extension, workers may also feel more motivated to turn down competing job offers, and even encourage others in their network to become a part of the organization.
Trust and a sense of belonging are key drivers when it comes to retaining a workforce and keeping workers engaged. By making use of sustainability and equity initiatives, businesses can demonstrate their commitment to superior employee experiences, thereby fostering trust-based relationships that show employees the value of their contributions. This, in turn, can motivate employees to be more productive while reducing the risk of employee turnover. As a result, sustainability and equity can help drive long-term workforce and business success.
As an added result, recruiters and third-party staffing companies like mortgage staffing agencies see a rise in successful talent acquisitions which ensures businesses can sustainably keep sourcing the talent they need.