Ignoring Culture and Fit Costs Your Company Money
A workplace culture is what you create for your employees. It is a combination of your business’ values, your traditions, your beliefs, your interactions, your leadership and your attitudes that contribute to the emotional and relational environment of your workplace. Often companies avoid dealing with workplace culture and checking in with employees about the fit. However, not dealing with culture and fit can be way more expensive in the long run.
A great workplace culture attracts and keeps staff. When people spend more time at work than with their families they want a healthy culture to spend it in.
A healthy culture positively correlates with retention and engagement. Companies can pay to recruit high quality people but they lose more money when they fail to retain them.
A clearly defined culture helps employees understand what is expected of them and how they can reach their professional goals. When they know what they need to do and how they can personally benefit from your company they can choose to perform to standard with less ambiguousness.
A healthy culture creates an environment for healthy development.
A great workplace culture encourages conversation, brainstorming and openness
It creates satisfied employees and increased productivity. When employees want to be at work and feel happy in their workplace environment they often show higher levels of concentration which often leads to more efficient and productive performance. They spend ore time in the flow.
It drives financial performance. When you have a positive workplace culture your employees perform better therefore company profits also improve.
Can you really afford to not put time and thought into your work pay culture? Look at the payoffs!