A good company culture can be the difference between your Company having impressive employee retention rates and high employee satisfaction levels as opposed to having a high turnover and low morale.
Companies that see how important culture is, know that they must really invest in their people if they are to get the best out of them.
Ensuring that your employees are satisfied and motivated is not only the right way to run an effective business, but could be less costly in the longer term.
These things might sound obvious, but often it’s a lot of work to implement. So, what are the major elements in creating and maintaining a good company culture?
Commitment
Commitment needs to come from the top, all levels of management should be showing the rest of the team that everyone is working together to create a great company culture. Clear and inclusive leadership is an essential part of maintaining your company’s culture.
Be responsive
Salary and pension schemes are initial attractions, but increasingly employees are attracted by any ‘lifestyle benefits’ an employer can offer.
These include benefits such as flexible working, working from home options and study days. These types of benefit are extremely popular because they can aid a healthier work/life balance.
Provide development
Employees want to feel that their Company is investing in their future and nurturing their personal and professional growth.
Personal Development including training days and mentoring schemes are ways of aiding employees’ development and motivating them to do well.
Feedback
An open culture allows employees at every level to share their ideas, suggestions and concerns with their employer.
Having structured feedback strategies in place means that employers can keep a constant eye on employee satisfaction levels and will be able to alleviate issues as and when they arise.
Social events
Balancing social interaction alongside business can be good for morale. A healthy social calendar outside of the office can help instigate team bonding and creates an upbeat atmosphere.
Innovation
Don’t just be innovative in the way your company conducts business, have the same attitude when engaging with staff. Does your company strive to be a thought-leader in its sector? Give employees the chance to stay up to date with trends and advancements in their field by having them attend industry events.
Recognition goes a long way
Small, regular perks can make a massive difference to an employee’s work life.
Dress down days or early finishes are good and they are a free way to keep employees motivated.
Providing incentives like lunch/spa/sports vouchers will be an added bonus that encourages positive attitudes.