Reasons why workplace culture can make or break your organization
Your organization has just hired a new employee. He has great credentials and loads of experience. But is he a good fit? What does that mean? Does he have the right character to inspire and be inspired by the work and organization’s brand? Furthermore, if he is good, will he remain? This is why workplace culture is so important.
I Want You So You Want Me
Individuals who experience a positive workplace culture tend to work longer for that organization. When employees work in a good environment, they produce greater results. Employees tend to enjoy work where responsibilities are clearly defined. When an employee’s needs, efforts and ambitions are valued and celebrated. Where there is a feeling of security and trust. And where the atmosphere is friendly, transparent, and the work is satisfying, it is apparent in the organization’s productivity.
The tide is turning. A survey, commissioned by HSBC in June 2019, found that 42 percent of Canadian companies intend to spend more on employee satisfaction and well-being. This means that organizations with the strongest cultures have a greater opportunity to attract and keep talent. “Why is culture so important to a business?” suggests Brian Chesky, co-founder and CEO of Airbnb. “Here is a simple way to frame it. The stronger the culture, the less corporate process a company needs. When the culture is strong, you can trust everyone to do the right thing.”
3 Key Ways to Improve Your Workplace Culture:
- Praise employees instead of criticizing them.
- Genuinely care about your staff from the cleaning staff to management.
- Be a great listener, who not only hears the recommendations from employees, but acts upon them.
Here Are 10 Reasons Why Workplace Culture is so Important:
- It attracts and keeps talented staff. It creates satisfied employees and increases productivity.
- Drives engagement and retention. Hiring, training and losing employees is costly. A good workplace culture can keep your employees engaged and remain with the organization.
- Creates an environment for healthy development. A good workplace culture enhances openness, advancement and security.
- Drives financial performance. Workplace culture influences the way your employees perform, resulting on profitability.
- Cultivates employee relationships increasing effective communication. This can be achieve through various bonding activities, such as team-building tasks, and others.
- Build universal template that employers can follow. Collaboration, supportiveness, and respect are universal traits employees look for from their employers. These, as well as open forum feedback and mentoring programs, can be developed on a regular basis.
- A comfortable and friendly workplace.
- Career development training. It is important to provide your team with updated training to build up their skills.
- A well-functioning culture assists with onboarding.
- Your culture strengthens your company into a team of advocates.
Organizations that adopt a better work-life balance, keep good employees. Ask yourself what kind of workplace culture your office or department has. Could it be improved? A happy employee is a better employee.