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UK’s second largest building society reveals report into nation’s views on trust as results show almost half of UK workers do not trust their boss, while a quarter do not have faith in their colleagues either plus higher earners far more likely to trust colleagues than lower earners.
 
Almost half of people in UK do not trust their boss, a major new report reveals.
 
The Yorkshire Building Society Trust Study – an independent research exercise carried out on behalf of the UK’s second largest building society – shows 48 per cent of people do not have faith in their boss’s integrity.
 
However, it is not only the top dog that workers are wary of – almost a quarter (24 per cent) feel the same about the rest of their colleagues, with only 11 per cent claiming they trusted all of their workmates.
 
The new research highlighted that the more you earn, the more you apparently trust – with those on the lowest incomes less likely to put faith in colleagues and employers.
 
Across the UK, 57 per cent of people with a household income of less than £25k don’t trust work colleagues, compared to only 13 per cent of those taking home more than £75k.
 
In these austere times, money is a major cause of dissatisfaction as competition and pay discrepancies fuel suspicion. Almost one in five (18 per cent) of those surveyed admitted to feeling jealous of work colleagues, while one in 20 (5 per cent) say issues around earnings have fuelled their distrust.
 
Despite its reputation for cut-throat competitiveness, London is the place where people are happiest with their workmates, with 18 per cent claiming to trust all of their colleagues, compared to just seven per cent in the East of England.
 
There is some room for positivity. Despite people’s own lack of trust, the majority feel confident that others are happy with their performance at work – with 60 per cent of those quizzed feeling trusted by their colleagues.
 
Speaking about the findings, Chris Pilling, Yorkshire Building Society’s Chief Executive, said: “Trust is essential to developing great relationships – whether at home, in public life or as we can see here, in the workplace.
 
“For employers and employees, trust is key to ensuring things run smoothly and that people work productively, creatively and enjoy their work life.
 
“Trust is a precious commodity – it takes a lot of time to build it and little time to lose it – and we hope this research will help people to realise how it has been undermined in the UK and take action to protect it.”
 
Prof Karen Pine, of the University of Hertfordshire’s School of Psychology, said: “Trust is based on the belief that another person has our interests at heart and it is not uncommon for bosses to put business needs before those of the individual.
 
“Within the workplace, issues about money create competition between colleagues and where there is competition there will inevitably be a loss of trust. Lower earners showed lower levels of trust because the less that people have, the greater their fear is of losing it.”
 
Anyone who wants to see more information about the Trust Study can visit the Yorkshire’s website www.ybs.co.uk