Why is company culture so important?
Well, we’re glad you asked! A constructive, positive, supportive employee experience — or, a high-performing company culture — has a ripple effect. In building a winning culture, you’ll also build an engaged employee base. That improved engagement, in turn, directly impacts your bottom line: companies with highly engaged employees outperform their peers by 147% in earnings per share, according to Gallup.
Undervaluing the power of company culture can directly impact your team and business.
Why Improving Company Culture Boosts Your Business
Organizational culture is made up of the rules, behaviours, policies, and social norms that guide your employee behaviour.
Culture is how and why things get done within an organization. Engagement is a direct outcome of a strong company culture.
Once employees clearly understand their culture, they can focus on succeeding in their roles and beyond — rather than worrying about unclear expectations. Overall, an engaged employee is more:
Connected to your company’s mission
Motivated to exceed their goals
Proactive about learning new skills and starting new projects
Positive in their approach to work
Creative in solving problems
Committed to developing their careers at your organization
Connection. Motivation. Commitment.
These behaviours are all key to your company’s success. With the power of an engaged workforce behind you, your company will improve retention, productivity, and your bottom line.
Engaged Employees Stay Longer
The more disengaged employees feel from their jobs, the more likely they are to leave. 73% of disengaged employees are actively looking for jobs, in fact, compared with 37% of engaged employees. This turnover comes with a price too. Replacing an employee can cost your company six to nine months’ salary.
Engaged Employees Are More Productive
Organizations with highly engaged employees see 21% more productivity. Why? Employees are more tuned into your company’s mission and, as a result, also more committed to helping your company achieve that mission.
Your Customers Will Be Happier
Happy employees translate to happy customers. Organizations with highly engaged workforces see twice the customer loyalty over organizations with average employee engagement levels.
Affects Your Bottom Line
Last but not least, engaged employees are more likely to help drive your company towards success.
How does Engaging Leaders help our client with Culture Building?
Our Deep Impact Cultural Transformation Foundation ™ has been designed with our 6 Steps to Culture Transformation framework to ensure that the growth in mindsets as a team is made sustainable by the employees themselves.
Talk to us to find out how you can embark on a culture transformation for your company.