HR Mavericks

Eddy’s HR Mavericks Encyclopedia

Company Culture Statistics

Company culture encompasses a company’s mission, vision, and values, as well as its day-to-day practices and policies. Important contributing elements are working environment, managerial styles, professional development, employee recognition, and team and employee characteristics and behavior.A poor company culture can result in low productivity and high staff turnover, whereas a positive and strong company culture with high levels of employee engagement can increase productivity and profits. A healthy company culture can also attract and retain talented employees. Read on to discover the evidence that supports developing a strong company culture.
Company culture encompasses a company’s mission, vision, and values, as well as its day-to-day practices and policies. Important contributing elements are working environment, managerial styles, professional development, employee recognition, and team and employee characteristics and behavior.A poor company culture can result in low productivity and high staff turnover, whereas a positive and strong company culture with high levels of employee engagement can increase productivity and profits. A healthy company culture can also attract and retain talented employees.Read on to discover the evidence that supports developing a strong company culture.

Crafting a Winning Company Culture

You’ve seen the numbers. Now, let’s take a look at the things you can do to implement the findings from this article.
  1. Build a solid foundation for your company culture. The stats are clear: mission, vision, and values set the groundwork for your culture. If you haven’t yet defined them, get started now. If you already have, decide how you’ll utilize the mission, vision, and values to shape your culture purposefully.
  2. Invest in your people. People don’t passively soak up the culture you create—they play a big part in determining what the culture will be. This article shows just how critical it is that you hire and train great leadership, provide development opportunities to every employee, and create an environment where engagement thrives.
  3. Let work-life balance lead the way. The way that employees view culture has changed and will continue to change rapidly. It’s not only about what happens at work anymore; it’s about what happens outside of work. To hire and retain the best talent, foster a culture where work-life balance matters, flexibility is a given, and employees’ mental health comes first.
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