{"id":2326,"date":"2022-08-22T12:23:42","date_gmt":"2022-08-22T06:53:42","guid":{"rendered":"https:\/\/www.theofficepass.com\/toppings\/?p=2326"},"modified":"2024-02-02T17:44:29","modified_gmt":"2024-02-02T12:14:29","slug":"what-makes-a-great-company-culture-and-why-does-it-matter","status":"publish","type":"post","link":"https:\/\/www.theofficepass.com\/toppings\/what-makes-a-great-company-culture-and-why-does-it-matter.html","title":{"rendered":"What Makes A Great Company Culture And Why Does It Matter?"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Gone are the days when people started their careers in a company and retired from there many years later. Today, in a bid to climb the corporate ladder faster, people are open to the idea of switching jobs frequently. But a higher salary and a better position isn\u2019t the only reason why people switch companies. A LinkedIn poll found that 41% of employees left a job because of the <\/span>company culture<span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-2327\" src=\"https:\/\/www.theofficepass.com\/toppings\/wp-content\/uploads\/2022\/08\/why-do-people-leave-their-jobs.png\" alt=\"Why do people leave their jobs\" width=\"534\" height=\"286\" \/><\/p>\n<p><strong>Source:<\/strong> Talent Point<\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">If people are leaving your organization because they don\u2019t identify with the company culture, you may have a problem on your hands. Your team is your biggest asset and how they function together determines the company\u2019s performance. This is where your company culture comes in.<\/span><\/p>\n<h2><b>What is Company Culture?<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Company culture can be defined as a set of values and beliefs shared by everyone in an organization. This dictates the way people interact within and outside the company, the leadership styles, expectations and goals.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">There are many <\/span>types of organizational culture<span style=\"font-weight: 400;\">.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Some start-ups may choose to focus on innovation and give employees the flexibility to work in their own style uninhibited by bureaucratic procedures. Small family-owned businesses may follow a more clannish-democratic system where everyone is treated as equals. This encourages honest feedback and collaboration. As companies get bigger, they may shift to a hierarchical culture with established practices and a well-defined chain of command.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Thus, the ideal company culture for your organization depends on the purpose of company culture. You should consider your company\u2019s goals, the working style you prefer the most, your company size, etc. Study positive culture examples from other organizations for inspiration.<\/span><\/p>\n<h3><b>Why Is It Important To Have A Great Company Culture?<\/b><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Having a good company culture does a lot more than just lower employee attrition rates. Here are a few points to illustrate the importance of organisational culture.<\/span><\/p>\n<ul>\n<li>\n<h4><b>Strong Culture Improves Performance<\/b><\/h4>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The right culture can make it easier for people to collaborate on team projects. It also makes them more open to sharing and receiving feedback. <\/span><a href=\"https:\/\/www.pwc.com\/gx\/en\/issues\/upskilling\/global-culture-survey-2021.html\" rel=\"nofollow\">85%<\/a><span style=\"font-weight: 400;\"> of a survey\u2019s respondents said that their organisation\u2019s culture gave them a competitive advantage.<\/span><\/p>\n<ul>\n<li>\n<h4><b>Competitors Can Copy Products Not Culture<\/b><\/h4>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Your company culture can help set your business apart. Your competitors can copy product innovations but they cannot copy the way your team interacts with customers. In today\u2019s competitive environment, this could be just the advantage you need.<\/span><\/p>\n<ul>\n<li>\n<h4><b>Culture Correlates With Adaptability<\/b><\/h4>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Companies that invested in building a company culture were found to be more resilient and agile during the pandemic. <\/span><a href=\"https:\/\/www.pwc.com\/gx\/en\/issues\/upskilling\/global-culture-survey-2021.html\" rel=\"nofollow\">69%<\/a><span style=\"font-weight: 400;\"> of a survey\u2019s respondents said that their company culture has helped the organization adapt to changing situations.<\/span><\/p>\n<ul>\n<li>\n<h4><b>Culture Boosts Satisfaction Levels<\/b><\/h4>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Companies with well-structured company culture are more likely to see higher employee satisfaction and customer satisfaction levels. This makes it easier to recruit employees and maintain a loyal customer base.\u00a0<\/span><\/p>\n<h2><b>5 Easy steps To Build A Great Company Culture<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Here are the 5 steps to build a positive culture for your company as given below:-<\/span><\/p>\n<h4><b>1. Keep Culture In Mind During Recruitment<\/b><\/h4>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Company culture is set not just by one person but the whole team. Hence, you should prioritize hiring people who share your beliefs and vision for the company and how it should function. If you favour a democratic style of working, bringing in someone with an authoritative nature may not work. Bring in people who will be able to mix well with the other members of your team.\u00a0<\/span><\/p>\n<h4><b>2. Incentivize Productive Actions<\/b><\/h4>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">No matter how old a person is, his\/her behaviour will be driven by what actions are incentivised and what is criticized or ignored. To optimize your human capital incentivize employees who work on improving their skills, helping others, etc. Celebrate the small wins and you\u2019ll find this behaviour being adopted by others too. As your team\u2019s capability grows, so does your organization\u2019s capability.\u00a0<\/span><\/p>\n<h4><b>3. Establish Goals<\/b><\/h4>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Your team needs a direction to work towards. Establish short-term and long-term goals and share these with your team so they can work towards the same vision. This keeps the team aligned together and can also be a tool for holding each other accountable. If everyone knows you\u2019re planning a product launch on January 1<\/span><span style=\"font-weight: 400;\">st<\/span><span style=\"font-weight: 400;\">, they can plan their work accordingly and you\u2019ll see fewer arguments and less tension in the office.<\/span><\/p>\n<h4><b>4. Lead By Example<\/b><\/h4>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">A survey found that after higher salaries, an unpleasant <a href=\"https:\/\/www.theofficepass.com\/toppings\/how-the-environment-of-a-workplace-determines-the-productivity-of-employees.html\">working environment<\/a> and bad bosses are the most common reasons for people to quit their jobs.\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-medium wp-image-2328\" src=\"https:\/\/www.theofficepass.com\/toppings\/wp-content\/uploads\/2022\/08\/what-reasons-would-lead-you-to-quit-your-job-595x262.png\" alt=\"What reasons would lead you to quit your job\" width=\"595\" height=\"262\" srcset=\"https:\/\/www.theofficepass.com\/toppings\/wp-content\/uploads\/2022\/08\/what-reasons-would-lead-you-to-quit-your-job-595x262.png 595w, https:\/\/www.theofficepass.com\/toppings\/wp-content\/uploads\/2022\/08\/what-reasons-would-lead-you-to-quit-your-job-768x339.png 768w, https:\/\/www.theofficepass.com\/toppings\/wp-content\/uploads\/2022\/08\/what-reasons-would-lead-you-to-quit-your-job.png 771w\" sizes=\"(max-width: 595px) 100vw, 595px\" \/><\/p>\n<p><strong>Source:<\/strong> Zippia<\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">To keep this from being your company\u2019s story, you need to accept your role as the ultimate boss and lead by example. If you talk to people calmly, your managers below you will be calm in conversations with their juniors as well. On the flip side, if you are rude, your team will also be rude to their colleagues.\u00a0<\/span><\/p>\n<h4><b>5. Focus On Work-Life Balance<\/b><\/h4>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Work and profits aren\u2019t the only elements to be considered while developing a good company culture. Emphasize on finding a work-life balance from the day you start your business. On your part, avoid sending emails after hours. Even if you don\u2019t expect a response, your employees may see the notification on their phones and feel pressurized to do so.\u00a0<\/span><\/p>\n<h4><b>In Conclusion<\/b><\/h4>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Companies with a strong organizational culture are more likely to have a happy team and happy people work harder. They\u2019re also less likely to leave quickly and thus you have a loyal team. This becomes all the more important in today\u2019s world where remote working and a hybrid workstyle are gaining popularity.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">If your team is working remotely from coworking spaces, make sure you choose a <a href=\"https:\/\/www.theofficepass.com\/\">coworking space<\/a> with a culture that complements your company culture.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The Office Pass (TOP) <a href=\"https:\/\/www.theofficepass.com\/coworking-south-delhi\">coworking spaces in Delhi<\/a>, Noida and Gurgaon give remote workers and small business teams a professional space to work from with minimal distractions. At the same time, the spaces are designed to encourage collaboration. To know more, reach out to us at +91 89998 28282.<\/span><\/p>\n<p><a href=\"https:\/\/www.theofficepass.com?o=p\" class=\"pass btnheadm\" style=\"\r\n    width: 219px;\r\n    margin-left: 20%;\r\n    padding-top: 10px;\r\n    padding-bottom: 10px;\r\n    position: relative;\r\n    display: block;\r\n    padding: 10px 15px;\r\n\"><span style=\"\">BOOK A COWORKING TOUR<\/span><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Gone are the days when people started their careers in a company and retired from there many years later. Today, in a bid to climb the corporate ladder faster, people are open to the idea of switching jobs frequently. But &hellip; <a href=\"https:\/\/www.theofficepass.com\/toppings\/what-makes-a-great-company-culture-and-why-does-it-matter.html\">Continued<\/a><\/p>\n","protected":false},"author":10,"featured_media":2330,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/www.theofficepass.com\/toppings\/wp-json\/wp\/v2\/posts\/2326"}],"collection":[{"href":"https:\/\/www.theofficepass.com\/toppings\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theofficepass.com\/toppings\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theofficepass.com\/toppings\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theofficepass.com\/toppings\/wp-json\/wp\/v2\/comments?post=2326"}],"version-history":[{"count":3,"href":"https:\/\/www.theofficepass.com\/toppings\/wp-json\/wp\/v2\/posts\/2326\/revisions"}],"predecessor-version":[{"id":2332,"href":"https:\/\/www.theofficepass.com\/toppings\/wp-json\/wp\/v2\/posts\/2326\/revisions\/2332"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.theofficepass.com\/toppings\/wp-json\/wp\/v2\/media\/2330"}],"wp:attachment":[{"href":"https:\/\/www.theofficepass.com\/toppings\/wp-json\/wp\/v2\/media?parent=2326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theofficepass.com\/toppings\/wp-json\/wp\/v2\/categories?post=2326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theofficepass.com\/toppings\/wp-json\/wp\/v2\/tags?post=2326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}