4 Ideas To Improve Your Company Culture
Company culture is a term which refers to the way that a business interacts with its staff. It's also about how the employees interact with one another. Company culture is essentially a reflection of that business's behavior, attitude, values and decision making. Company culture is evident in hiring decisions, employee benefits, staff satisfaction, office arrangements and more. Culture incorporates several different elements, including ethics, expectations, work environment, leadership styles, and company mission.
Blue Leadz reported that ‘An employee who feels engaged and inspired is 125 percent more productive than the satisfied staffer.’ To improve your culture and boost your productivity, check out the following ideas.
1. Host more social events
To improve your company culture, it’s useful to encourage a social aspect to your business. Plan social events which give staff the chance to bond beyond the constraints of work life. Strong relationships between teams will result in higher quality projects and improved workplace morale. Perhaps your team is currently working remotely? In that case, it’s more important than ever to keep up your regular socials! Whether it’s quizzes, drinks or book clubs, you can host all of these events on Zoom.
2. Ensure shared values
The values of your business shape company culture. It can be useful to help your team to understand these values and relate to them. Hold a meeting where you consider your current values, create new company values, and discuss everyone’s collaborative contribution. When you are considering training for your team, you need to have a clear focus on the sustainability of the innovation - transforming the culture into something that has sustained momentum, working with Voltage Control is the start of the journey. It can be useful to use the following questions as starting points:
1. How do your employees contribute towards the values of the business?
2. What do your company values mean to your staff personally?
3. Which new values should be added to your company viewpoint/mission?
4. How can you work together to achieve these new values?
3. Employee benefits
A survey in Employee Benefits found that ‘75% of employees are more likely to stay with their employer because of their employee benefits package.’ To improve your company culture, it’s helpful to offer an employee benefit or two! A few options include:
1. Employee healthcare plans to prioritize the health of your staff.
2. Company retreats for leisure and team building.
3. Training packages for employees seeking further study or qualifications.
4. On-site gyms or exercises classes.
5. Cycle to work schemes or other go-green initiatives
You could also consider offering wellbeing gifts. For further ideas, take a look at staff appreciation gifts from G Thank You.
4. Get regular feedback
One study on Five to Nine demonstrated that ‘75 percent of employees say they’ll stay longer at a company that listens to their feedback and actually acts on it.’ To improve your company culture, it’s important to ask your employees for feedback and listen to their ideas.
Improving your company culture isn’t just useful to enhance productivity; it’s also useful to retain the best talent. According to Built In, ‘ Employees who don’t like their organization’s culture are 24% more likely to quit.’ With this in mind, a strong company culture can help you to reduce staff turnover.
The cost of opening up a physical store can be great. If you’re going to do so, we highly recommend keeping these three things in mind. They’re not the most obvious costs to account for, but before your first week of business gets underway, you’ll need to see about them.