Why Is Working Culture an Important Part of Business Success?
Company culture is the environment in which the employees work. It includes several factors such as work ethics, environment, mission, vision, values, and expectations. A good company culture instills unity amongst the employees, solidifies their objectives and ultimately contributes to the growth of a company. It is vital in paving the path for long term success and building an everlasting legacy, writes Erline Sherman, senior human resources manager, TutorEye.
Good company culture is the most important aspect of making a business successful. It impacts all the aspects of how an organization runs. Right from recruiting the best and most talented workforce to enhancing employee satisfaction, the culture of a company is the foundation on which the long term profits and collective development rely. According to the Harvard Business Review, good work culture is highly productive.
If it is not positive then many employees struggle to find authentic value in their profession which leads to many negative consequences. Most of the working executives are always in favor of the fact that an optimal working environment has proved to be important for them to do well. It empowers them to be happy and much more satisfied.
One of the most important reasons why companies are known as the best places to work is an optimistic and uplifting working space. It helps the employees feel strong, positive themselves while encouraging them to give their best shot at work. With this being stated, the next question is why is working culture an important part of business success?
Here is a list of all the reasons that will help you get a detailed answer to this question:
1. Attract Talented Workforce: I am an HR executive of a leading online tutoring platform, for the last two years. In my opinion, the company environment has played a significant role in attracting highly professional talent for us while helping us gain a competitive edge.
I have seen more and more people being interested in working for our organization because of a good working culture and reputation. This is because it provides these professionals to stay focused on the individual and collective success of an organization.
2. Employees Are Satisfied with Their Jobs: Being satisfied with the job is extremely significant. It makes the employees happy and content with their career and where they are going in life. Most Chief Executing Officers believe that the well being of the workforce is directly proportional to company success. It encourages them to be happy and committed to their work which further increases their productivity and ultimately the growth of the company.
3. Employees Show Better Commitment: In addition to maintaining a better flow of the recruitment process, a positive environment has helped our company in retaining the best talent too. I have seen the workforce becoming increasingly committed to their work because of good working space. They are more likely to stay happy and keep working when they feel that they are treated in the right way.
4. Employees Are Able to Collaborate Better: The employees are highly likely to come together and work as a committed team when the working culture is strong. This also facilitates much better social relationships, driven teamwork and great communication between the team members. As a result, they work to generate the best possible results.
Learn More: Employee Engagement vs. Job Satisfaction: Key Differences and Metrics
5. The Work Output Increases: If the organization culture is good then surely the work output will also be highly productive. The main reason for this is that the employees are inspired and committed to investing in their happiness, contentment and overall well being. They do their best to be mentally, socially and professionally satisfied.
6. Employees Morale Is Increased: Maintaining good company culture is a sure shot method to increase the happiness and morale of all employees. A rise in employee happiness leads to an increase in productivity. It helps them feel more satisfied and they enjoy their work because they are given a positive environment in which they prosper at all levels. Their growth encourages them to keep improving at what they do.
7. There Is No Stress: A well-built company environment is a primary reason for reducing work stress. The organizations that have a strong and encouraging working space are less likely to have stressed or worried employees. This further helps in boosting the professional and health performance of the workforce.
Most HR executives believe that the organization’s culture has led to better growth of a company. The companies where the working culture is not optimal are not able to succeed because retaining talent becomes difficult for them.
Therefore, one of the most full-proof methods of achieving business success is building a remarkable working culture. When the employee well being is given a primary priority, it automatically helps in boosting the overall positivity and the morale of the company.
Learn More: 5 Benefits of Creating an Agile Learning Culture
