62% of people are reportedly less trusting of businesses now than a year ago, according to a recent Edelman survey across 20 countries. It is hardly surprising as every day seems to bring new reports of layoffs, and what was once certain no longer feels like a guarantee.
John G.Agno highlights his point that that trust and a good reputation in the marketplace is most aided by a "strong, stable strategy," with the example of Southwest Airlines, a company with the same business strategy for nearly four decades, and one that has managed to largely avoid the blows dealt to other airlines in recent years.
Concepts of servant leadership and sharing of power is another way to build trust within an organization, which generally has an indirect effect of building trust in the marketplace. Jo Asmus at Intentional Leadership cited the example of Southwest Airlines in discussing these aspects.
None of these strategies work when the organization is facing mass layoffs and fighting for its very survival. Believe it or not, even this ordeal can be a careful trust-building exercise. After all, the fact that the organization is going through this trial matters less than how the organization goes through it.
Always remember invest the time and resources into taking care of the people who have brought so much to the table for so many years. Ultimately, the way an organization handles layoffs will directly affect its reputation in the industry and possibly even the entire marketplace when good times resurface.
The approach of JobConcierge is to help the people them cross the bridge to their next opportunity with real-time, hands-on, individualized attention. Always remember how well your laid-off employees fare is a strong indicator of how much trust will be placed in your organization in the future. - 32605
John G.Agno highlights his point that that trust and a good reputation in the marketplace is most aided by a "strong, stable strategy," with the example of Southwest Airlines, a company with the same business strategy for nearly four decades, and one that has managed to largely avoid the blows dealt to other airlines in recent years.
Concepts of servant leadership and sharing of power is another way to build trust within an organization, which generally has an indirect effect of building trust in the marketplace. Jo Asmus at Intentional Leadership cited the example of Southwest Airlines in discussing these aspects.
None of these strategies work when the organization is facing mass layoffs and fighting for its very survival. Believe it or not, even this ordeal can be a careful trust-building exercise. After all, the fact that the organization is going through this trial matters less than how the organization goes through it.
Always remember invest the time and resources into taking care of the people who have brought so much to the table for so many years. Ultimately, the way an organization handles layoffs will directly affect its reputation in the industry and possibly even the entire marketplace when good times resurface.
The approach of JobConcierge is to help the people them cross the bridge to their next opportunity with real-time, hands-on, individualized attention. Always remember how well your laid-off employees fare is a strong indicator of how much trust will be placed in your organization in the future. - 32605
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