Trust Is Dead. Long Live Trust!
by Tammy Erickson
As business leaders pick up the post-recession pieces, I’m increasingly asked how companies can restore “trust” with employees. My answer: only by instituting new talent management approaches that reflect the reality of today’s relationship between employees and the corporation. Until roughly fifty years ago, there was a tacit understanding between employees and corporations: If employees worked hard and demonstrated loyalty to the company, the company would reward them with a steady career and comfortable retirement. This equation had been at the heart of the relationship between individuals and organizations throughout centuries of Western economic tradition. One side of the equation began to erode in the 1970’s as companies chipped away at the security […]