The Benefits of Having a Winning Workplace Culture: By Jillian
What does a good culture mean for your company? This question is often asked by new entrepreneurs. But remember, entrepreneurs don’t think like employees, or they’d still be one.
You might not need a culture. You might be content with a desk, computer, phone, and some peace and quiet. However, most of us aren’t wired that way. We need a little more to be happy, happy, and content.
The benefits of a strong and positive workplace culture are well-documented:
1. Less stress. A positive environment that is both safe and supportive results in a less-stressed employee. When people enjoy their work environment, they are more eager to get to work and to be at work.
2. Less absenteeism. A pleasant and enjoyable workplace results in fewer people calling sick. Sick employees are getting paid without providing any value on that day. How many times have you called in sick just because you didn’t want to go to work? Sick days are expensive for a company, especially a smaller one.
3. Greater productivity. Lower absenteeism and a happy and inspired workforce get more work done. It’s as simple as that. The more productive your employees are, the fewer of them you need. Greater productivity leads to lower costs and greater profits.
4. Employee satisfaction. When employees like and respect their workplace culture, their overall satisfaction increases.
5. Creativity. It’s hard to be creative in an unpleasant environment. Creativity is the key to the success of any business. Whether it’s developing exciting and innovative products and services or finding new ways to decrease costs, creativity is vital.
6. Better teamwork. When everyone buys into the company culture, it’s easier to work together. Teams can accomplish more than individual employees, so teamwork is essential to the long-term success of a company. Companies with inspiring workplace cultures have great teams and teamwork.
7. Employee retention. Companies with highly rated cultures have significantly fewer employees jumping ship. Everyone that’s had at least a couple of jobs knows the value of an enjoyable work experience emphasizes the importance of customer relationships.
Your company requires a definitive corporate environment once it grows beyond a few employees. There are many benefits to finding an effective culture for your company. Failing to establish a culture means that you’re neglecting the above items. Can your business thrive that way?
"If you are lucky enough to be someone’s employer, then you have a moral obligation to make sure people do look forward to coming to work in the morning.”
- John Mackey, CEO of Whole Foods Market