The world experienced a global erosion of trust in their traditional sources of information in 2016. The rise of fake news, alternative facts, and echo chambers, whether it be partisan press or social media, has hindered factual information from being treated as such.
The consequences of a workforce that is, by default, skeptical of information has wide ranging implications to your company. Ensuring your internal communications are excluded from such doubt of validity could be a difficult, but necessary, undertaking.
The good news is that, as an employer, you already have a foundation of trust to build upon. The 2017 Edelman Trust Barometer, an annual analysis of global trust in organizations, paints a positive picture for the influence of business. Business, as an institution, experienced the least significant degradation in trust by percentage, over government, media, and NGOs. According to Edelman’s study, three out of four people agree that a company “can take specific actions that can both increase profits and improve the economic and social conditions in the community where it operates.”
But business is not entirely in the clear, and must act in order to retain their favorable position. Globalization and wildly unbalanced financial gain of executives are common sources of fear and distrust among the workforce. Edelman’s study has also uncovered a corrosion of trust in experts, regardless of field, with CEO credibility decreasing the most in the past year, dropping to an all-time low. Peer-to-peer communication is considered most credible as people seem to be most comfortable with a spokesperson that is akin to themselves.
A number of conclusions can be drawn for internal communications. One of Tribe’s takeaways is that, now more than ever, corporate communications are most effective when it is communicated in a manner that makes all employees feel like they have the most accurate and current information about the company. That means giving the business reasons behind a major organizational change, for instance. It also means sharing numbers, whether you’re discussing the engagement survey or financial results.
Interested in maintaining the credibility of your internal communications? Tribe can help.