Trust in Executives – Distressing Low
October 11th, 2009Author: Chris Dennis
Researching the background for a keynote on the difficulties executives have in onboarding either from the outside (new to the organization) or by promotion from the inside, I was struck by the low levels of trust that employees have of their CEO; in other words, their leader.
Across 18 countries 29% of employees trust their CEO and, here is the shocker – 17% in the USA!
Let’s look at the impact of this finding: 71% of employees DON’T trust their leader. This rises to 83% in the US. If the level of trust is really at this level, none of the messages given out by the organization leaders is believed. Every communiqué is listened to, the cynical filters applied with the result that, however important the message, it’s content is discarded as suspect.
As coaches and facilitators working with teams to build trust, we now begin to understand why we work so hard with teams and come back from time to time to help rebuild content-rich and direct communication between team members. The collective cynicism and expectation that each person applies to his or her everyday listening is transferred to the team members. This is a slow process until a team member behaves badly and is not ‘called’ by the other team members. From this point on, trust tumbles down the short, steep and slippery slope: the result – a well-performing team crumbles into a dysfunctional group operating in a toxic environment.
Back to the executive onboarding process. Would you, as a rational person, bet against odds of 70% plus chance of failure? And we do! Every day people are promoted and hired into executive roles.
Here is the second shoe. 40% of excecutive hires fail in the first 18 months of their tenure.
We have one good reason, trust, but there are more. Let’s not look at the reasons as excuses but get to both the process and cost. The next article deals with the process of onboarding and a subsequent article roams around the costs associated with failure.
Not being psychologists, we shortchange the individuals becasue we don’t deal with their hurt and the impact sush a “failure” has on their self confidence. But let’s air some of the causes and create a serious discussion around what can be done to reduce the 40% non-success rate.
