By in Personal

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.

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Comments

SoundNFury wrote on January 17, 2015, 10:32 PM

I think morale is very important to a productive and successful business. And without trust, morale will be quite low.

bestwriter wrote on January 17, 2015, 10:54 PM

Trust is the key to any relationship more so in a marriage.

scheng1 wrote on January 18, 2015, 4:26 AM

It depends on the turnover of the companies. When the turnover is high, nobody trusts each other.

vickywrites wrote on January 22, 2015, 3:37 AM

Before we trust anyone we must be sure that the person is really trustworthy. Or else we will be in soup.

allen0187 wrote on January 23, 2015, 9:12 PM

Agree with you vickywrites .