Bradd Busick, SVP & CIO, MultiCare Health System
How honest are we with ourselves? Ever wonder why some teams soar while others stumble? The secret could be lurking in our relationships with those we work with because we are ‘in debt.’
What is Relational Debt?
Just like financial debt, relational debt accumulates when we avoid addressing conflicts and disagreements with colleagues. Left unchecked, it can:
-Poison team dynamics 🧪
-Crush productivity 📉
-Derail projects 🚂💥
A recent chat with a colleague revealed a mind-blowing insight: Ignoring fragmented relationships at work is like racking up debt that continues to compound! 😱
Consolidating relational debt in the workplace requires careful planning and execution to reconcile.
1. Recognize the ‘wake of bodies’ and make a list!
In business, we often leave a trail of unresolved conflicts or misunderstandings. This ‘wake of bodies’ can erode trust and hinder team dynamics. First, make a candid list of people you need to connect with.
2. Act quickly to prevent compounding debt!
Addressing relational issues promptly is crucial. Delayed action can lead to accumulated resentment and harder-to-resolve conflicts, but also allows your relational debt to compound.
3. Schedule ‘consolidation meetings’!
Take the initiative to grab 30 minutes with team members you need to reconcile with. Explain your journey of relational debt consolidation and express the value you place on the relationship. You will be shocked at the results.
This piece was written by Bradd Busick, SVP and CIO at MultiCare Health System. To view the original (published on LinkedIn), please click here.
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