Reference no: EM133088535
How would you respond to the discussion below:
Why do you think there is an increased focus on establishing trusted and opportunity-driven relationships with employees?
The highly extended focus on building trusted and opportunity-driven relationships with employees contributes to enhancing employees' royalty which considerably improves performance and productivity. Establishing trusted and opportunity-driven relationships with employees also assists organizations in maintaining their stability and concrete fundament for further development as human capital is the core of businesses.
What are the potential benefits?
- Reducing pressure levels and unethical behaviors in the working environment
- Increasing loyalty and collaboration.
- Minimizing hiring and training costs
- Giving rise to creativity as employees are less afraid to express ideas in the trusted environment
What are the potential costs?
- It is time-consuming and costly to build trust and opportunities.
How could this change affect the organization's competitive advantage?
This positively affects the organization's competitive advantage. Having a high level of trust in the workplace leads to transparency. People will be able to hold one other and themselves responsible. They will be able to take responsibility for their mistakes instead of only blaming others for them. As a result, companies with higher levels of trust have had an easier time responding to unexpected changes such as the pandemic, economic crisis, etc., compared to ones with low trusted and non-opportunity-driven businesses.