Source | www.forbes.com | Joseph Folkman
At Zenger Folkman, we looked at 360-degree feedback data collected from over 85,000 leaders and identified those whose trust score was in the bottom 10% as rated by managers, peers, direct reports, and others. The list below contains some of the negative impacts of a loss of trust.
· Overall Leadership Effectiveness is rated at the 13th percentile.
· Employee Engagement of their direct reports is at the 30th percentile.
· 42% of direct reports are thinking about quitting.
· Only 7% of direct reports are willing to put forth the extra effort.
· Only 5% of the untrusted leaders were part of the high potential pool.
When trust is lost, effectiveness is gone, direct reports are disengaged, and many people are looking for a way out.
What are the significant causes of distrust for leaders?
By doing additional analysis on the dataset, we were able to identify the main factors that lead to a loss of trust. The elements are listed in order of their impact.