Question

Provide your personal definition of the terms “trust” and “loyalty”. Do all employees have the ethical responsibility to be trustworthy and loyal to the employer? Do employers owe that same trust and loyalty to the employee? Does either the employee or employee owe and trust or loyalty any other stakeholder?

Answer 1

The term Trust can be defined as the sense of dependability and requires both the involved party to have a certain level of understanding which enables them to be able to create a sense of synergy which can be considered to be the factor of trust. While loyalty can be defined as certain actions or step that one takes that either involves taking into account the requirements of the other party of the individual’s own self-interest. This is why we can differentiate between both the values of trust and loyalty.

Yes, as long as they are a part of the organization, it is their duty to be able to develop a value of trust and loyalty that they owe to their employers.

Yes, employers owe the same trust and loyalty to their employees as the employees owe to them due to the fact that this is a closed system where the action of one party determines the actions of the second party. To build trust, one needs to earn it, through their value of loyalty.

As far as the stakeholder theory goes, the employers owe it to the workers to be trustworthy while they also need to be able to create this value for the community, investors, owners as well as the government too. While the employees only owe it to the employers to be trustworthy as well as loyal.