Companies put a great deal of time and energy into plan exciting and rich social events, community service activities, and employee experiences, but companies rarely include strong company culture and how it’s created among their achievements. Rather than overlook cultural and community events, companies should recognize and laud these rituals as major wins. Social activities, team building, and philanthropic initiatives unite teams, reinforce values, and improve employee morale. They help team members feel connected and remind them that they are so much more than cogs in a revenue-making machine. After all, employees spend more time with their work families than their real families, and it’s natural to want that time to be meaningful.Company culture initiatives unite teams, reinforce values, and improve employee morale. Click To Tweet
Here six ways having a strong company culture benefits companies:
- A Strong Culture Helps Retain Great Employees
Companies with a robust company culture are linked to a lower turnover rate, according to a Columbia University study, which can impact morale and, more importantly, productivity. Happy employees devote more of themselves to their jobs, and strong business values help breed passion for the company and work, which supports employee longevity.
- Business Values Drive Innovation
Business values can shape the way employees view their work and the objectives they are expected to achieve. When companies promote collaboration, creativity, and encourage employees to freely share their ideas, it often pays off in the form of innovative thinking that can help power more rapid organizational growth.
- Culture Can Boost Revenue
Believe it or not, company culture can have a direct impact on the bottom line. According to research by the University of California, happy employees have been found to be more productive. According to the study, these employees were 31% more productive and delivered 37% higher sales. Business values can improve employee engagement, which not only leads to greater performance, but also a better quality final product.
- Company Culture Helps Attract Talented Employees
As companies seek out up-and-coming talent, it is to their benefit to consider the values of those they hope to recruit. Millennials choose companies the same way they choose products: based on beliefs. They want to work for companies that have strong business values and whose cultural values connect with their own.
- Positive Culture Helps Build and Differentiate Brands
While all companies want to be recognized for the results they produce, culture can often be the factor that helps companies standout in a crowded marketplace. Consumers are often most loyal to brands that appeal to their own sense of values, and clients like to hire companies that will reflect well on them. Companies that adopt sustainable manufacturing practices, for instance, can incorporate responsible manufacturing into their brand identity to edge out the competition with environmentally conscious customers and clients.
- Business Values Can Improve Efficiency
Strong business values can help to reduce internal politics, support greater alignment with company goals, and enable a clear understanding of processes and approaches. Employees at companies with a strong company culture quickly understand “the way we do things here” and reduce wasted effort. Companies like Cydcor, where open and candid communication is ingrained in the business’s values, can benefit from reduced bureaucracy and empower their team members to resolve conflicts through direct and constructive conversation.
At Cydcor, we value our company culture as a critical part of what drives our organization. We recently created this video looking back at a year of cultural events that included a company-wide day in the field, department volunteer days at local charities community service events, participation in corporate games and sports competitions, a community health fair, a wine tasting evening, and celebrations of diverse holidays from Halloween to Diwali. Cydcor believes that engaging our team members in rich cultural experiences and creating a shared set of company values has been one of our many secrets to success.At Cydcor, we value our company culture as a critical part of what drives our organization. Click To Tweet
Company culture is so much more than holiday parties and picnics. It is the route through which team members find their place in an organization. Culture helps employees feel that they are part of a company, not just working for one. It gives their work purpose, connects them with their teams, and helps them feel invested in something much larger and more important than the daily grind. By investing in and nurturing business values, organizations can create an environment that helps employees perform at their best.
We are Cydcor, the recognized leader in outsourced sales services located in Agoura Hills, CA. From our humble beginnings as an independent sales company to garnering a reputation as the global leader in outsourced sales, Cydcor takes pride in having exceptional sales professionals and providing our clients with proven sales and marketing strategies that get results.