Company culture has a very important position and role in the development of each business. The lack of cultural factors will lead to a poor work environment and unproductive staff performance. Strong company culture increases employee engagement and keeps them from resigning.
1. The definition of company culture
Culture is a vast notion that is difficult to describe. Despite substantial research on the subject of workplace culture, there is no widely agreed definition. There is no one-size-fits-all culture template that fulfills the demands of all enterprises since each firm is unique in its manner.
Furthermore, company culture may present itself in a multitude of ways, including leadership behaviors, employee interactions, manager-employee connections, communication methods, transparency levels, and the sorts of internally dispersed messages.
In general, a company culture dictates how employees should act inside the organization. It should be made up of common views and key organizational values that are formed by leaders and other internal communicators and then conveyed and reinforced via various internal communication channels.
Building a healthy company culture requires a clear plan for communicating it to the whole organization and aligning people with the specified principles.
2. Building a positive company culture
Building a positive company culture has become the main priority for organizations across the world. Due to the current economic crisis, many companies are shifting their focus to building work environments where their employees can feel safe, engaged, inspired, and productive.
Many experts and leaders believe the company culture is what separates the most successful companies from the average ones.
This is because a positive workplace culture is essential to cultivate employees’ feelings of pride and ownership. When people feel proud of working for their company, they work hard to create opportunities that their organization can benefit from.
Companies with strong cultures, according to Forbes, have quadrupled revenue growth. A high culture helps the company stand out and attract new employees. Many companies like Facebook, Twitter, Netflix, Microsoft, and Google are great examples of strong corporate cultures that bring hundreds of employees together and motivate them to achieve the company’s key goals.
The employees should not be afraid to come to work. They should like to come to the office and value the work they do. Companies with strong cultures have employees who love challenges at work, get along with colleagues, and enjoy the atmosphere at work.
3. What is a strong culture?
Once the company has a strong culture and is consistent with the long-term goals and strategies that the business has set, it creates employee pride in the business. All employees always live, strive, and fight for the common goals of the business voluntarily, making it easier for leaders to manage the company and create a competitive advantage for businesses.
The corporate cultural work environment also has a decisive impact on the morale, attitudes, and motivations of the members and the use of the workforce, and other factors. It makes the company become a more cooperative, trustworthy, engaged, friendly, and progressive community. On that basis, general psychology and belief in the success of the business are formed.
Therefore, it builds a healthy and progressive culture in the organization, ensures the development of each individual in the business, attracts talent, enhances staff performance, and creates the ability to develop sustainable development.
Company culture preserves the identity of the enterprise through generations of members, creates the ability for sustainable development of the enterprise, and transmits the sense and values of the organization to the members of the team. That organizational culture creates a common commitment to the goals and values of the organization, it is greater than the interests of each individual in that company.
4. The importance to build a great culture in your company
4.1. Culture builds brand identity
Another way to look at culture is your brand's personality. Culture is what distinguishes and differentiates your brand. It displays your company's essence and informs the world about who you are as a brand.
The more your target audience knows and identifies with your brand, the more likely they are to purchase from you. Your customers want to connect with your brand, and your culture will help them do so.
When you establish a culture, you are also defining the values and ambitions of your firm. These will help your company's mission and demonstrate to your staff and the general public what is most essential to the brand.
Zach Bulygo, Kissmetrics' blog manager, says in a blog post for Kissmetrics, "When you focus on culture, you'll have guiding principles." People will remember you for this. Employees will be held to it. It will assist you in getting through difficult moments. The principles will guide your recruiting and firing choices. It will aid in getting all staff focused on the same corporate purpose. It's the glue that holds the firm together in certain ways."
4.2. Culture increases loyalty among employees
Your staff should not be afraid to come to work. They should love going to work and be proud of the work they accomplish. Employees at companies with a strong culture like the difficulties of their jobs, get along well with their coworkers and love the ambiance of the workplace.
Culture provides employees with a motivating objective and purpose for their work. It links your leadership team to the rest of the workforce through a set of shared ideals. Your employees want to feel as if they are part of something bigger than themselves.
SAS CEO and co-founder Jim Goodnight thinks that every organization should set a high standard for culture. He adds on the SAS website, "Treat employees like they make a difference, and they will."
Furthermore, employees who are more excited about the company for which they work are more productive. That implies more effort and more transactions. Customers will notice your staff's passion, which will be an appealing selling factor for them.
4.3. Culture attracts and retains talent
When employing new employees for your business, you must consider not just their skillsets and experience, but also their cultural fit. The talents of an employee may bring them in the door, but it is your culture that will keep them there.
Patrick Lencioni, founder of The Table Group, states in his book "The Advantage: Why Organizational Health Trumps Everything Else in Business," "Hiring without clear and strict criteria for culture fit greatly hampers the potential for success at any organization."
But why is this so? According to Gallup, just 36.7% of employees are now engaged at work. Employees that are not engaged do not perform well and are more likely to leave your organization. And, with turnover costs ranging from tens of thousands to two times the candidate's yearly compensation, you can't afford to lose personnel, according to Deloitte's Josh Bersin.
Hiring an employee is an investment, and you want to be sure you're putting your money where your mouth is. By ensuring that each employee you recruit fits well with the corporate culture, you increase the likelihood that they will stay with your firm long-term and contribute more to the organization's success.
4.4. Culture makes advocates out of employees
So, how do you go about finding the ideal people to hire? Begin by harnessing the engaged people who are currently working for you. According to LinkedIn, firms may increase their talent pool tenfold by recruiting through their employees' networks.
Great talent indeed knows great talent. When your staff is pleased with their job, they are more inclined to spread the word. They'll tell everyone about their excellent experience with your organization, and you'll quickly build a solid reputation.
Encourage and inspire your staff to talk positively about your company. They can not only assist you in finding the ideal individuals to recruit, but they can also assist you in bringing in additional clients.
Employees, no matter how you slice it, want to feel like they belong. Within your organization, you must create a community that people want to be a part of. Make your culture the bedrock of the community.
4.5. Great company culture can elevate productivity
When workers have the resources and tools they need to succeed, it boosts overall productivity and performance. Organizational culture influences workplace structure in ways that bring people with similar skill sets together. Those with comparable experiences and talents may be able to complete firm initiatives more rapidly.
Now you know the benefits of building a positive workplace culture. For company culture influences much on employee performance, building a company culture is essential to create a good working environment. As the basis for employees to have the opportunity to devote their best abilities to common development.
Get top-notch Staffing and Payroll solutions from TSC in Asia. Our services, including Staffing and Payroll Outsourcing, BPO/RPO, and BOT model, enable businesses of all sizes to hire and operate cost-effectively. Since 2018, our recruitment team has provided candidates in diverse fields catering to specific client needs, from junior to management positions.