About TRST Score

What is Trust Score? (TRST Score) 

Trust Score or TRST Score is an objective rating to help companies and institutions mitigate risk in their human interactions. It is an objective rating based on the ethical behaviour of the individual. This is not limited to just employees or students it covers all human interactions that any institution may have. An employee in one company is the customer of another and vice-versa.

The credit score has revolutionized how financial institutions mitigate risk. Similarly, TRST Score will accelerate our ability to make quick decisions. A clear, objective score will let us remain aware of the possible risks and make strategic interventions whenever required as we work with humans across the industry.

How TRST Score helps your company?

The main function of the trust score is to help companies or organizations mitigate the risk of a candidate’s recruitment, check employment records, check educational records and ensure the ethical behavior of individuals. The score is created based on functional checks and balance, which provides input based on his/her ethical behavior in the workplace/institutional interactions. The collation of all such inputs as a neutral assessment of a candidate makes up the final TRST score.

With the help of the TRST score, a company can improve hiring trends and build an ethical and trustworthy workforce. Additionally, you also get to contribute and help other organizations to aid better decision-making for recruitment by reporting unethical employees on the right parameters. Lending institutions can also make use of TRST Score to check your ethical behavior.

Testimonials

Insurance Industry

“”This is the need of the hour. Insurance companies loose 1…”

CHRO of Insurance Company

This is the need of the hour. Insurance companies loose 12% of revenue due to fraud which usually is in connivance.

NBFC Industry

“”Finance Industry is very vulnerable as money change…”

CHRO of a Registered NBFC

This is the need of the hour. Insurance companies loose 12% of revenue due to fraud which usually is in connivance.

Info Tech Industry

“The IT Industry is reeling with problems due to employees….”

CHRO of Large IT Company

The IT Industry is reeling with problems due to employees. This is a perfect solution.

Benefits of  Trust Score (TRST Score)

1. The correlation between improper hiring of unethical employees and bankruptcy has become more evident in the last few years, especially for MSMEs and SMEs. With the help of the TRST score of each candidate before the final recruitment decision, companies can reduce the chances of the same.

2. The TRST score today can differentiate candidates meticulously well and maximize the effectiveness of an organization in their hiring practices to make sure, they get the ethical employees on board. As known, approximately 54% of the hired employees do not join an organization though accepting the offer and in these cases, the TRST score strengthens the process and mitigates the risks in the bud.

3. The overwhelming reports through the organizations with 75% of the workforce are suspected of one or the other malpractices such as pilferages of data, stealing in the workplace, personal use of office belongings, and other untrusty practices at least once on their job. The statistics are shocking with over $800 billion in losses reported to the corporate world. The advent of the TRST score, helps the organization evaluate the candidate’s ethics and morals to a large extent while working in an organization.

Employee Trust Score

Most people believe employee trust scores are similar to credit scores. However, there’s a fair bit of difference. The main focus of the employee trust score is to highlight the level of trust, loyalty, and ethics that an employee possesses for an organization. Multiple market information indicates the possibility of companies or organizations failing due to unethical practices of hired candidates. The employee trust score uncovers the ethical violations and takes account of the past misconducts and evidence of probability that can now be gauged. Thus the impetus for the right recruitment decisions is crystal clear than ever before.

The key benefits of an employee trust score for any organization also include cost savings, better time management, and complete transparency in work. This helps them to avoid unexpected delays in operations due to employees not showing up, stealing from the company, or working unethically.

Importance & Factors of Employee Trust Score (TRST Score)

Employee trust score is fundamental for every organization, regardless of the manpower and size. An organization is advised to provide the TRST score at both the entry and exit of any employee, tapping the power of digital order, i.e. possibility for greater accessibility and untapped pipeline potential to deliver balanced outcomes.

Cultivating trust generally is a daunting task. It becomes adoptable when we dissect and examine the employee trust into elements that are developed on their own. The cardinal order is to define the starting point and the TRST score is constructive in order to discover the progress and edify the composition of recruitment more instructive and meaningful.

The HOW metrics study remarks that the high trust organizations innovate 11 times more than their competitors. Nonetheless, their higher profitability range was over +22%; productivity with +21%; customer rating by +10% and absenteeism was by -37%.

Consequently, the employee trust score drill into multiple values that any candidate has or might possess. However, the choice of which factors to take into consideration before recruitment is specific to each organization. Some of the common factors in employee trust scores for all organizations can include the following:

The significance of values:

The significance of values is central for both the candidates and an organization. This remains a yardstick for the course of action when faced with challenges and problems, even could be uncertain situations. By keeping the values in mind, the right employees always remain the guiding force, who could overcome the tough times and navigate making the right decisions in building best in class organization.

The need for competence: The need of competence resonates with the combination of skills, attributes, and behaviors, which are directly responsible for successful performance. An efficient employee keeps focus to align his/her individual performance in pursuit of specific work-related objectives.

The weight of trust score provides a cohesive vision of who you are as an organization and as an individual/team, shall achieve the high quality work- fulfilling the applied learning and performing in a practical sense.

The influence of experience: The vital factor in determining the overall trust score of an employee is the influence of one’s experience, which is explained as behavioral guidance. In essence, it’s an exhaustive list, way from accountability, integrity, teamwork, honesty, reliability, self-improvement, keeping promises, service excellence, and a host of other things of what an organization represents. Largely, the results of performance and workplace morale, getting stronger and making it to the potential.

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