Sponsored by Veremark
Trust. We all know it’s essential for a healthy, productive company culture. But as an HR or business leader, what steps are you taking right now to bolster workplace trust?
If you’ve been focused on other priorities, it’s time to take another look at what’s happening with trust among your ranks. Here’s why…
The State of Workplace Trust
Reliable sources tell us why trust deserves our attention:
- According to Deloitte, when people trust their employer, they’re 260% more motivated to work and are 50% less likely to look for another job.
- In 2022, 78% of employees told Edelman they trust their employer. And this year, the stakes are even higher.
- Gallup says employees who trust their managers are more likely to be satisfied, engaged, and productive at work. Yet only 21% of U.S. employees strongly trust their company’s leaders.
Managing trust requires finesse. And employees want leadership to play an active role — especially in these uncertain times. That’s why we’re looking closer at one way you can elevate workplace trust on today’s #WorkTrends podcast…
Meet Our Guest: Daniel Callaghan
Daniel Callaghan is the CEO of Veremark, an international background screening and pre-hire check service he founded in 2019 as an alternative to the weak solutions available at that time. Veremark is designed to give companies peace of mind and complete confidence when reviewing prospective candidates’ credentials or rescreening existing employees.
Here are highlights from our conversation…
3 Keys to Workplace Trust
Welcome, Daniel. You often talk about the 3 pillars of trust. Would you explain this concept?
Sure. Obviously, with the rise of virtual and hybrid work, the nature of employment is changing. It’s becoming more transactional, with shorter tenures. At the same time, cynicism is growing between employers and employees. So it’s increasingly important to build trust.
The first pillar of workplace trust is about getting the right people on your team.
The second is ensuring that everyone is acting ethically and with integrity. Trust isn’t one-sided. Both the company and employees need to be accountable.
And third, both parties need to know this relationship is reciprocal and valued for the long-run.
Research shows significant business benefits from trust. For example, employers that leverage these pillars see triple-digit productivity gains compared with low-trust companies.
How Employers Develop Trust
So what does it take to create a culture of trust?
Nothing happens overnight. But as you build on the framework we’ve outlined, it helps to look at how technology can facilitate trusted relationships.
For example, with the first pillar, background screening is important to ensure the right people are on your team. And a platform like ours can drive really impactful results.
Linking Background Checks With Workplace Trust
Could you tell us more about successful background screening works?
Credential verification is more than checking someone’s college grades. It’s about establishing a level of credibility and integrity, so you’re confident that a person is a safe workplace colleague and will add value to your culture.
First, start with the right objectives. You’ll want a positive mindset about why you’re introducing this process. It should be appropriate for your industry and roles.
For example, broader checks aren’t necessary for a low-risk business with low access to cash, and where someone is working from home. But for a financial services company that’s hiring lots of senior financial executives, you’ll want a more rigorous program that goes far beyond just ID, criminal, and credit checks on a domestic or global scale.
Second, choose a partner carefully. An outsourced provider ensures you’re not exposed to claims of discrimination, or misuse of data, or asking the wrong question in the wrong location. Domain experts with governance and compliance controls can avoid costly missteps.
Finally, you’ll want to do this with care. Job hunting is stressful for candidates and background screening is a necessary inconvenience. So make sure it’s as easy and transparent as possible. People should know where they are as they move through the process.
How Tech Improves Efficiency
You offer an innovative way to streamline verification, right? Tell us about that…
We know background screening is inconvenient for employers and candidates, alike. So why should you pay legacy services to recheck information that doesn’t change, such as your academic history?
We don’t think that’s fair. So we made it possible to turn verified data into digital credentials that candidates can use as a “career passport” to share with others in the future…
Learn More About Building Trust at Work
Find out how a more effective hiring process can strengthen your organization…
>> Get Veremark’s new ebook and claim your 10 FREE background checks now!