How does a great work environment ensure valued employees for the long run and greater success?
Here are a few helpful articles:
- 12 Signs Your Company Has an Enviable Workplace Culture
- Culture" Your Environment for People at Work
- What is Culture?
- Workplace Culture Definition
- 4 Ways to build A Workplace Culture That Empowers People
- Companies sink or swim based on their internal culture. One bad hire can have a huge effect on morale, productivity, and ultimately, the bottom line.
- Leaders should hire people who see the much bigger picture, and can truly help a company thrive by aligning their career goals with a company's values and mission.
- Common features of successful workplace cultures include open lines of communication, a clear organizational mission, careful hiring, work-life flexibility and competitive pay and benefits. And not to forget, fun.
18 Statistics About Company Culture You Can’t Afford To Ignore
- Companies with engaged employees outperform those without by up to 202%
- 64% of all employees do not feel they have a strong work culture
- 49% of all employees are not satisfied with their direct supervisor
- More than 1 in 4 employees do not have the tools to be successful in their jobs
- 87% of the global workforce is disengaged
- Only 21% of employees feel strongly valued at work
- Peers and camaraderie are the #1 reason employees go the extra mile – not money
- Companies with engaged employees vs competitors with low engagement levels enjoy 2.5x more revenue growth
- Highly engaged employees are 87% less likely to leave the company they work for than their counterparts
- $11 billion is lost annually due to employee turnover
- 75% of people voluntarily leaving jobs don’t quit their jobs; they quit their bosses
- Companies who implement regular employee feedback have turnover rates that are 14.9% lower than for employees who receive no feedback
- 90% of leaders think an engagement strategy has an impact on business success but less than 25% of them have a strategy
- Unhappy employees take fifteen more sick days each year than the average worker
- Happy workers are 12% more productive than the average worker and unhappy workers are 10% less productive
- Job turnover at an organization with a high focus on company culture is 13%, but 48% in companies with a low focus
- Increasing employee engagement investments by 10% can increase profits by $2,400 per employee, per year
- A Columbia University study shows that the likelihood of job turnover at an organization with high company culture is a mere 13.9 percent, whereas the probability of job turnover in low company cultures is 48.4 percent.
- Companies with happy employees outperform competition by 20%
- Earn 1.2-1.7% more than peer firms
- Are 2.1% above industry benchmarks
- A Gallup report shows 63% of employees are not engaged
- 24% are actively disengaged
- 87% lack motivation and are unhappy
- 13% of employees are engaged at work
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