Benefits of Establishing Company Culture
Why is organizational culture important, you ask? Your company culture impacts everything from performance to how your company is perceived in the media. This article looks at 7 reasons why your organization needs to do some soul searching.
First, there are clear benefits to having a strong, unified company culture underlying your business’s operations:
- Identity. For starters, culture contributes to the identity and values of your company. For example, if your corporate culture is one that prioritizes setting and meeting goals, your individual workers will be more likely to set and meet goals of their own.
It’s a good way to set and maintain the direction of your employees, and without it, it’s hard to keep your company’s values coherent.
- Retention. A strong company culture attracts better talent and, more importantly, retains that talent. When people feel like they belong to an organization, they’re more likely to stick around for the long term. That means lower turnover, fewer new hires to deal with, and better chemistry among your team.
It’s a fact that culture impacts performance and employee wellbeing and do not invalidate their struggles.
How to do so?
Reports show that organizational culture has a direct impact on performance and, more importantly, your employees’ wellbeing. A healthy culture addresses both of these areas by finding an appropriate balance based on company values.
Does your company stress performance to such a degree that you feel like your physical and mental health are being overlooked? There might be instances when that may not be a problem, but for the vast majority of cases, it’ll have a negative effect on your company.
Company culture has no generally definition
Moreover, workplace culture can manifest itself in a variety of ways, including leadership behaviors, employee relations, manager-employee relationships, communication styles, levels of transparency, and types of internally distributed messages.
Trends and Competition
One of the biggest motivating factors is the fact that corporate culture is becoming a more popular consideration and development.
More companies are shifting their attention to creating more thorough brand cultures and preserving them through ongoing development. Why? It’s at least partially due to the fact that culture is talked about more frequently.
Your culture transforms your company into a team
A successful organizational culture brings together the people at your company and keeps them aligned. When your culture is clear, different perspectives can gather behind it with a common purpose. The culture at your organization sets expectations for how people behave and work together, and how well they function as a team.
Is It Time for a Culture Audit?
Once you understand that company culture is truly important to your business’s future (and it’s about to become even more important), you may want to perform a “culture audit.”
These are just a smattering of reasons why organizational culture is important, but they’re a good starting point to get you thinking about what your own organization brings to the table. What’s important at your company might be totally different depending on the situation.
Consider creating a communication channel designated for employee recognition and enable the rest of the employees to join the congratulations and praise.