Archives For Edelman Trust Barometer

Christopher Hannegan

This post was originally published on the Edelman Trust Barometer blog.

Trust is an essential component of any organization’s license to operate and lead. Yet the global results of our 2012 Trust Barometer trust and credibility survey show the state of trust in a high degree of disarray. Further analysis conducted this year for the first time also shows a trust disconnect within organizations, with executives and employees painting very different pictures of where they place their trust. However, there are some bright spots in this year’s global Trust data, and ones that have profound implications on how organizations build reputation, regain trust and engage effectively with key stakeholders, all by putting employees at the center of their strategies.

Select Trust Study Highlights and Implications for Engaging Employees
  • The rise in credibility of regular employees was the greatest increase since 2004. This is among the single most important finding from this year’s study and one that should serve as a wake-up call to leaders and communicators. Now, more than ever, companies should be looking for ways to activate their employees and connect them with customers and the community via ambassador programs, featuring them in media and advertising content, and engaging them more deeply in product innovation and problem solving.
  • The fall in CEO credibility was one of the biggest drops in Trust Barometer history. However, do not jump to the conclusion that CEOs are now less relevant. The learnings here are to not rely on your CEO to be the only face of your organization, in particular during times of crisis, and to use the insights from this year’s Trust study to enhance overall CEO credibility.
  • A trust disconnect between executives and regular employees exists within organizations, but there is at least one point on which they can agree: the credibility of technical experts within a company. This has important implications during times of crisis — featuring clearly-identified technical experts in internal and external communications will go a long way in shoring up trust when things have gone (or are about to go) wrong.
Emerging Opportunities

In looking at nearly all of the 16 attributes that build trust globally, employees affect virtually every one —indicating that corporate values, practices and overall culture have a significant impact on a company’s trustworthiness. Companies should consider the following opportunities immediately:

Empower your employees to be ambassadors via social media. Given that both employees and social media are growing in credibility, there is a clear opportunity to bring the two together to create employee ambassadors — that is, people who talk about the company online in a quasi-official capacity. Similarly, the fall in CEO credibility makes it more important than ever to prepare employees to advocate on an organization’s behalf.

Engage employees in building customer relationships. Executives and regular employees alike point to quality products/services and listening to customer needs/feedback as the top two attributes that drive trust in a company. Since employees heavily influence both, building a sense of shared ownership for the company’s products and customer responsiveness can lend credibility to improvement efforts.

Rebuild trust in the CEO through candid, meaningful dialogue. Many CEOs would do well to increase their connection to their workforces in ways that play to their personal strengths. There are a number of actions CEOs can take to maintain and rebuild trust with employees, such as communicating a clear and compelling vision, taking a conversational tone of voice, encouraging a culture of storytelling, engaging managers and employees in candid dialogue about the business, and demonstrating transparency, especially in the face of challenging issues.

This year’s Trust data is the loudest call to action yet for companies to better engage employees and address specific credibility issues to build trust from the inside out. Read our white paper with detailed findings and observations based on this year’s Trust Barometer results:
Building Trust from the Inside Out: Engaging Employees as the New Influencers

Image credit: dgray_xplane

Written by Christopher Hannegan

Original Source

The invaluable Edelman Trust Barometer released Jan. 23 documents the massive disconnect people worldwide have with government. Trust in government charted the biggest decline in the 11-year history of the Barometer. Credibility of a government official or regulator dipped from 43 percent in 2011’s survey to 29 percent, which ranks on the bottom of the list, below CEOs (38 percent) and financial/industry analysts (46 percent).

Richard Edelman
Richard Edelman

The Edelman survey of 25,000 people in 25 countries found that while two-thirds of respondents expect government leaders to listen to “citizens’ needs and feedback” only 17 percent feel that their gripes are heard. A mere 19 percent of respondents say government “effectively manages the financial affairs of the country,” and 16 percent say leadership “communicates frequently and honestly.”

Despite the trust deficit gap, people support governmental regulation of business Only four percent say “government should not play a role in business.” Thirty-one percent believe government “should protect consumers from irresponsible business practices” and 25 percent want regulators to “ensure companies are behaving responsibly.”

On a nation-by-nation breakout, 77 percent of Chinese believe government “does not regulate business enough.” That’s followed by Spain (70 percent), Mexico (68 percent), Ireland (64 percent) and Hong Kong (61 percent). The U.S. weighs in at 40 percent. Singapore, Japan, United Arab Emirates, Poland and Netherlands are the five nations rounding out the list.

A big surprise: media is the only institution (government, business, non-governmental organizations) measured by Edelman to show a rise in trust. The biggest gains were made in India (+20 points), U.S. (+18), U.K. (+15) and Italy (+12).

Original Source

Yesterday morning in London, Richard Edelman unveiled the 2012 Edelman Trust Barometer. It’s the twelfth year that we’ve conducted the study, which tries to answer the seemingly simple question: “Who do you trust?”

One thing is clear from this year’s research: It isn’t your CEO.

Globally, only 38% of informed publics think CEOs are credible spokespeople. That’s down from 50% last year.

On the other hand, trust in a ‘Regular employee’ showed a dramatic rise from 34% last year, to 50% this year. ‘Regular employee’ trailed only academic, technical experts in the company, and person like yourself as the most credible spokesperson your business could put forward. You can view all of this data on slide 21 our global trust presentation.

We’ve been talking about social business here and elsewhere for a while, but for me, no single piece of data has made a more compelling case for social business.

In a world where employees, whether technical experts or regular folks, are a company’s most credible spokespeople, every business simply must understand how to organize and empower employees to interact successfully in social media.

We have some practical thoughts what this means and how to make it happen, but the bottom line is that it’s time to expand social thinking from brand marketing and communications to the whole enterprise. That won’t happen overnight, but as the Trust Barometer shows, it’s important that the journey begin.


Edelman’s London office is hosting a panel discussion on Social Business on the 14th of February. The event will be held at 105 Victoria Street London , SW1E 6QT, 8:30-10:30am.

You can register and find more details here.

Image credit: Lars Plougmann

Original Source

Trust Barometer 2012

January 26, 2012 — Leave a comment

On Tuesday 24 January 2012 Edelman launched its twelfth annual Trust Barometer, on the eve of its official unveiling at the World Economic Forum in Davos.

This year’s survey is bigger than ever before, with 30,000 people questioned in 25 countries. The Barometer reveals the state of Trust in business and institutions.

Richard Edelman, Global President and Ed Williams, UK CEO, were joined by a stellar panel of experts who answered questions and discussed the challenges facing global leadership.

The panel included:

  • Rt Hon. Tessa Jowell MP
  • Camila Batmanghelidjh, Founder & Director, Kids Company
  • Anne McElvoy, Public Policy Editor, The Economist
  • Amanda Platell, Columnist, Daily Mail
  • Caroline Daniel, Editor, FT Weekend

Listen to the podcast of the event, then watch our YouTube playlist below for interviews with the panelists and key moments from the event:

For global information, visit our Global Trust microsite, or read our Slideshare Presentation below.

To request further information about the Trust Barometer or to discuss the implications for your organisation, please contact:

Vanessa PymblePieter Westerhof
Events ManagerDigital Producer
T: +44 (0) 203 047 2064T: +44 (0) 203 047 2406
vanessa.pymble@edelman.compieter.westerhof@edelman.com
Downloads
Who Do We Trust? Ed Williams, UK CEO, Edelman
Edelman Trust Barometer 2012 Brochure
Trust Barometer 2012 UK Press Release
Coverage
Faith in government plummets, research saysFinancial Times

Original Source