Practising a positive and fun worplace culture in your workplace requires time and commitment.
Often these two little words ‘time’ and ‘commitment’ are the barriers for a company culture moving from poor or just bearable to good or even amazing. We’ve all heard about the many and varied impacts of poor culture, such as low levels of morale, productivity and performance; and, high levels of staff turnover, sick leave and behavioural issues. For these reasons and more, many companies rank culture in their top two priorities along with finance. And, culture has never been so widely accepted and used as a barometer for corporate success than today.
what is workplace culture?
According to Deloitte, Culture describes “the way things work around here.” Specifically, it includes the values, beliefs, behaviours, artifacts, and reward systems that influence people’s behaviour on a day-to-day basis. It is driven by top leadership and becomes deeply embedded in the company through a myriad of processes, reward systems, and behaviours. Culture includes all the behaviours that may or may not improve business performance. Today, culture is a CEO-level issue and something that can be measured and improved to drive strategy.
That is why workplace culture deserves your full attention! So without further delay, here are 20 crucial facts you should know about the importance of workplace culture in 2022:
1. Employee engagement is vital:
Having highly engaged employees can lead to a 202% increase in performance.
2. Recruit the best:
47% of active job seekers cite company culture as their driving reason for looking for work.
3. Say I do:
50% of married job seekers evaluate company culture when applying to a job compared to 41% of single candidates.
4. Culture & your bottom line:
Companies with strong cultures saw a 4x increase in revenue growth.
5. Time to get it right:
Only 12% of executives believe their companies are driving the ‘right culture’.
6. Culture IS important:
In a study by Deloitte, (87 percent) of survey respondents say that culture is important, and 54 percent rate it as very important see figure 1.
7. Boost Productivity:
An employee who feels engaged and inspired is 125 percent more productive.
8. Recruit & Retain:
55 percent of businesses say that stronger engagement would improve their ability to either retain, recruit, or carry out succession planning.
Figure.1: Culture IS Important
9. Be Human:
96% of employees believe showing empathy is an important way to advance employee retention
10. Avoid burn out:
61% of employees are burned out on the job.
11. Work from home:
65% of employees think they would be more productive at home than in the office.
12. Pay less in exchange for flexibility:
40% of employees would be willing to take a pay cut in exchange for the ability to work from home.
13. Promote an inclusive environment:
38% of employees want to quit their jobs because of a toxic work environment or one where they don’t feel they fit in.
14. Culture is a competitive game:
58% of employees said they would take a job with a competitor if the new company had a better culture than the current one.
15. Apply & measure:
Businesses must invest in their workplace culture, developing a clear set of values on which to base practices, and reviewing these policies as the company grows and develops, according to employers (96%) and professionals (98%) alike.
%
of employees would be willing to take a pay cut in exchange for the ability to work from home.
%
of employees are burned out on the job
16. Be loud and proud of a thriving culture:
90% of professionals conduct research on a company’s culture before accepting a role.
17. Culture over operations:
Culture is more important to performance than strategy or operating model, according to 65% of C-suite and board members.
18. From the top down:
According to 76 percent of employees, their manager establishes the culture of their workplace.(SHRM)
19. Play at work:
An industry-wide study of over 2,500 people found that 55% of workers would take less pay to have more fun at work.
20. Time for change:
85% of the global workforce doesn’t feel actively engaged.
How do I identify a positive team culture?
Here is a simple test I have created called FUMISH to help determine whether you have a positive team culture. Ask yourself and some colleagues this question, and if the answer is yes, you have a positive team culture.
Is your work environment…
Friendly
Understanding
Motivating
Inspiring
Supportive
Happy
If the atmosphere in your workplace is FUMISH, it doesn’t mean it smells, it means it’s positive! And that’s exactly what you want!
We all know culture is important! It’s how to put it into practice that can be the challenge!
Because really who wouldn’t like to work in an organisation that has an amazing culture and where you look forward to going to work each and every day!
Dwain Richardson, General Manager, Corporate Challenge Events – a leader in creating positive team cultures through team building activities, corporate training and workshops from Perth in Australia to Auckland in New Zealand!
let us make it easier for you
We have so many different types of team programs available it can be difficult to choose the right one for you. Get in contact with us to find out how we can build a positive team culture for you.
Sources:
Teamstage, Builtin, Forbes, Deloitte, Bain, CBI’s 2018 survey), Forbes, Medium, Indeed, Randstad, Speakap, Robert Walters, PWC, Quickbooks, Gallup
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