We humans are social beings; for us, our social and cultural environment deeply impacts our personality and even work. Culture influences our eating habits, societal norms, languages we speak, etc. If we talk exclusively about work, company culture is about its mission, vision, values and ideals.
So, what is workplace culture?
Simply put, workplace culture is about shared belief systems, goals, values and attitudes among the employees of an organization.
Importance of Having the Best Company Culture
When there is the best culture organization for employees, it directly affects the employees’ work satisfaction and the company’s growth. It enables the employees to feel connected to the organization’s core values and mission.
One of the most important factors that makes employee stay in a company, is positivity at the workplace.
According to research conducted by Deloitte– 94% of executives and 88% of employees strongly believe that, to achieve business success distinct corporate culture is crucial.
Here are some well-known benefits of having a healthy workplace culture:
1. Better Employee Engagement
An organization with the best company culture is driven by determination and transparent expectations. Such culture creates an atmosphere of motivation and inspiration for the employees to give their best to their job and interact positively with colleagues. A higher percentage of productivity follows better workforce engagement.
2. Low levels of Absenteeism and Turnover Rates
Employees are much happier, better engaged and work harder in a positive workplace culture. It implies there would be decreased quitting of jobs and absenteeism from work. Companies desirous to save money and minimize turnover rates should create a healthy and positive workplace culture.
3. It Appeals more and Retains the Employees
Good workplace culture is often characterized by the organization’s core values, open communication and meaningful work. Employees who work in such a culture don’t leave their companies sooner. They have long-term tenure with their company. Along with keeping the employees in sync with the company’s core values from day one, the leadership team needs to consider employee growth and shared values. In such situations, employees tend to work better.
4. Enhanced Communication Between the Management, Employees and Customers
Best company culture is a strong factor in establishing increased communication lines between the management, employees and customers. The employees must understand the company’s mission and vision and work along those lines.
5. Increased Innovation
What does innovation imply in the workplace? It’s about creating new concepts, ideas, products or processes. When employees are happy and motivated, there are more chances for innovation to occur. They would be more cooperative in the workplace, leading to an atmosphere of innovation and creativity.
6. Increased Well-Being of Employees
Employees spend most of their day at their workplace, ensuring their well-being and good health is important for their smooth working. An organization that cares for its employees’ well-being by offering a healthy organizational culture has better employee engagement, involvement and productivity. When employees feel cared for by their organization, they work more dedicatedly and connect with company goals and values.
Pacific Group of Companies has been providing the best services in outsourcing financial accounting, marketing, recruitment, software development to its clients worldwide. Being a ‘People First’ company, we value our employees and believe in holistic growth and well-being for all.
Since the inception of our company, we have created and sustained a positive workplace culture which is encouraging for the employees and inspires them to give their best to the organization. We believe happy employees are the foundation for any organization’s success story, thus we focus on complete well-being of our employees.