Read at London Business News | Londonlovesbusiness.com
New research finds that over one quarter (26%) of employees in the UK do not trust their CEO to be open and honest, while 24% do not trust their senior leadership to do the same. Transparency and employer-employee communication are pivotal to a positive employee experience and trust in the workplace.
Trust in leadership is fundamental to creating a culture where people feel invested in a company's growth and success - and listening to employees is key to building this trust.
In a difficult economy, reward and progression transparency has become more of a focus for employees. 61% do not feel that their current level of pay and remuneration has kept pace with inflation and the cost of living.
The data suggests that transparency around pay and other factors, including reward and progression, could improve the overall employee experience.