{"id":5949,"date":"2018-10-10T07:37:36","date_gmt":"2018-10-10T14:37:36","guid":{"rendered":"https:\/\/www.knowledgecity.com\/blog\/?p=5949"},"modified":"2024-04-23T09:03:15","modified_gmt":"2024-04-23T16:03:15","slug":"company-culture-matters","status":"publish","type":"post","link":"https:\/\/www.knowledgecity.com\/blog\/company-culture-matters\/","title":{"rendered":"Why Company Culture Matters"},"content":{"rendered":"

What does the word \u201cculture\u201d mean in terms of the workplace? No, it\u2019s not about having classical music concerts during lunch hour or priceless art on the walls. It\u2019s about how an organization treats its employees, what it values, and how the employees feel about working there.<\/p>\n

The Employers Resource Council<\/a> defines workplace culture as \u201cthe character and personality of an organization that makes it unique and is the sum of its values, traditions, beliefs, interactions, behaviors and attitudes.\u201d\u00a0 Workplace culture can make or break an organization, and can undermine your best efforts no matter how business savvy the company is and what strategies for success it employs.<\/p>\n

\"Diverse<\/a><\/p>\n

Why is culture important? The ERC gives four reasons:<\/p>\n

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  1. Talent recruitment<\/li>\n
  2. Employee engagement and retention<\/li>\n
  3. Employee happiness and satisfaction<\/li>\n
  4. Performance and company success<\/li>\n<\/ol>\n

    Trying to create or change an organization\u2019s culture is not an easy task. According to employee engagement expert David Sturt<\/a>, there are six aspects of a company\u2019s culture that make it a great place to work:<\/p>\n

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    1. Purpose \u2013 connecting employees to the organization\u2019s reason for existing<\/li>\n
    2. Opportunity \u2013 the means for employees to learn new skills, develop and contribute<\/li>\n
    3. Success \u2013 achieving goals, teamwork, innovation, and feeling the work has meaning<\/li>\n
    4. Appreciation \u2013 recognizing and acknowledging employees\u2019 work<\/li>\n
    5. Well-being \u2013 looking for ways to improve employees\u2019 physical, social, emotional and financial health<\/li>\n
    6. Leadership \u2013 creating a sense of shared goals, purpose and empowerment<\/li>\n<\/ol>\n

      Sturt believes cultures with these characteristics keep employees engaged and productive. This is also shown when companies improve in any of the six areas through increased revenue growth and improved business outcomes. Even marginal improvements led to vastly increased changes<\/a>, such as:<\/p>\n