The Economics Of Trust
Trust is such a big issue in the work place. Trust affects how we work and how we deal with others. Needless to say, trust, specifically, how much others trust us, affect how we are perceived by others.
Would you work with someone you don't completely trust? Do you think people will be at ease working with you if you aren't trust worthy?
When there is trust in the workplace, the speed and precision of how tasks are done is faster and better. If that is the case, the cost of completing the tasks is lower.
Better trust leads to faster completion of tasks, more accuracy and precision in doing these tasks, and lower overhead costs.
Read a related post, http://personapaper.com/article/20893-the-components-of-trust
Image Credit » Photo is mine.