Significance of company culture

Building a strong company culture will help recruiters entice elite candidates and retain top talent as your culture impacts everything from performance to how your company is perceived in the media. Referring to an organization’s social order and setting guidelines for expected work practice, company culture has the power to make or break a business and every organization, from small businesses to large corporations, has a culture. Why does it matter that your organizational culture winning corporate culture? Mostly because it has been shown to improve levels of employee engagement, productivity and performance. Company culture is all the above and more and the culture refers to the values and attitudes of employees in the business or organization.

Company culture has often been linked to attractive benefits like lax dress codes, flexible vacation policies but in reality, these perks are merely by-products of a company’s organizational culture while it's how a company cultivates business growth by offering each employee a voice while encouraging healthy day-to-day attitudes, behaviors and work ethics. In a business with an unhealthy culture, employees act as individuals, performing their duties to meet their own needs, such as a paycheck or health benefits, the elements of a winning corporate culture will vary across companies, the fact remains: strong company culture is invaluable.

Great company culture sets the foundations for real, tangible business growth as healthy corporate culture improves the performance of a business in a number of areas which is based on honesty, productive conversations and helps companies to identify issues and collectively form resolutions.

In a company that values workers for their contribution to the business, employees experience high morale and a positive attitude toward the organization as organizational culture defines for you and for all others. Culture begins from how your organization does business, how your organization interacts with one another to how the team interacts with the outside world, your customers, employees, partners, suppliers, media and all other stakeholders, as no two company cultures will be the same because every organization has unique goals and is made up of diverse individuals. Cultivating a great company culture is important not only for employee engagement, happiness, and retention but also, plotting the blueprints for thriving business as workers with a positive attitude are loyal to the organization, which reduces employee turnover. By creating a winning organizational culture firmly aligned with your core values and mission will keep your employees engaged.

Companies with a healthy corporate culture gain a positive reputation among potential workers, which attracts talented and skilled workers to the organization and it is no lie that reputation is everything in the business world. The pitfalls of the Big Players’ unhealthy work culture, it is that corrupt company cultures are toxic to productivity and profit. To attract high-quality workers, a well-regarded business reputation allows the company to charge a higher price for products and services. Your culture is a reflection of your company’s core values as an employee and economic health are important measures of company culture. The improved morale of workers in a company with a healthy corporate culture increases productivity because the culture can impact an employee’s mental and physical health.

One of the greatest advantages of a strong organizational culture is that it has the power to turn employees into advocates by ensuring that all employees understand their company’s culture, objectives, and targets, all team members can start on the right page. These people who not only contribute to your organization’s culture but also promote it and live it internally and externally will become the face to attract new talents and provide assurance to the new employees. Increases in productivity are a measure that illustrates efficiencies and effectiveness in the company and brings together the people at your company and keeps them aligned. The culture at your organization sets expectations for how people behave and work together ensuring workers to deliver quality products and services. The cultural standards for excellence are an important factor for creating a product or service with a reputation for high quality which can guide decision-making, and improve workflow overall.