Why is workplace culture so important?

A big part of company culture is how connected employees feel to the mission and values of the company. Of course, employees prefer a more positive culture and it actually allows the company and the employees to thrive. In a study carried out by Deloitte, results show that 94% of executives and 88% of employees believe that a distince company culture is important for the success of the business.

Here are a few reasons why a positive culture is more beneficial for businesses: 1. It is more attractive to employees and can help in retaining them.

People are more likely to want to work in a positive environment where they can openly communicate and thrive. This also encourages meaningful work and the efforts of employees are embraced. A positive culture is also where the company allows new hires become immersed in it in a way that reflects their shared core values. Opportunities for growth are provided and therefore employees are ensured that they will be constantly improving. It is of course also important to note that the onboarding process is one that is crucial in identifying if potential new hires have similar values to the company.

If employees are constantly given the opportunity for growth, if their efforts are being recognized and their results are being validated, they are more likely to want to remain in the company for a longer period of time. According to Workhuman® iQ data's findings, the higher the employee rating for their company culture is, the lower the chances of them leaving the organization.

2. It increases employee engagement.

Company culture must always be evolving and adapting based on the needs and attitudes of the members. It is common for problems to lead to a toxic culture and it is extremely important that companies have proper mechanisms in place to prevent or solve these before they become bigger.

Company culture is important for both employers and employees.

It is also important for employers to build and sustain a culture that is representative of what the company values, and make sure that the employees are all in alignment with them. This ensures that everyone is on the same page and working towards a collective vision and mission. When an employee finds a company with a work culture that they find to be a good fit, they are more likely to be willing to stay with the company for longer, which reduces the associated complications and costs that come with having to find and train new hires.

References:

https://www.workhuman.com/blog/workplace-culture/