We spend 40 or 50 or more hours at work each week, many of us spend more time with those we work with than we do our families. We want to be engaged in our work. We yearn for work that is enjoyable, meaningful and engaging. When we are engaged we are productive, successful and happy.
It is for these basic reasons that organizational culture matters. It is the right thing for an organization to do – to think about the work environment, working relationships and how they ‘do things’. Focusing on building and sustaining an organizational culture is one way of showing that people are the organizations most valuable asset.
There are of course many other bottom line business reasons to focus on and build organizational culture. Here are seven of those reasons:
- A strong culture is a talent-attractor. Your organizational culture is part of the package that prospective employees look at when assessing your organization. Gone are the days of selecting the person you want from a large eager pool. The talent market is tighter and those looking for a new organization are more selective than ever. The best people want more than a salary and good benefits, they want an environment they can enjoy and succeed in.
- A strong culture is a talent-retainer. How likely are people to stay if they have other options and don’t love where they are? Your organizational culture is a key component in a persons desire to stay in their job.
- A strong culture engages people. People want to be engaged in their work. According to a Gallup survey at least 22 million American workers are extremely negative or actively disengaged. This loss of productivity is estimated to be worth between $250-$300 billion annually. Your culture can engage people. Engagement creates greater productivity, which can impact profitability. Need I say more?
- A strong culture creates energy and momentum. Build a culture that is vibrant and allows people to be valued and allows them to express themselves and you will create a very real energy. That positive energy will permeate the organization and create a new momentum for success. Energy is contagious and will build on itself, reinforcing the culture and the attractiveness of the organization.
- A strong culture changes the view of work. Most people have a negative connotation of the word work. When you create a culture that is attractive, employees views of going to work will change. Would you rather see work as drudgery or a joy? Which do you think your employees would prefer? Which will lead to the best results?
- A strong culture creates greater synergy. A strong culture brings people together. When people have the opportunity to (and are expected to) communicate and get to know each other better, they will find new connections. These connections will lead to new ideas and greater productivity – in other words, you will be creating synergy. Literally, 1 + 1 + right culture = more than 10. How is that for leverage?
- A strong culture makes everyone more successful. Any one of the other six reasons should be reason enough to focus on organizational culture. But the bottom line is that an investment of time, talent and focus on organizational culture will give you all of the above benefits. Not only is creating a better culture a good thing to do for the human capital in the business, it makes good business sense too.
Time spent enhancing your organizational culture will be time wisely invested. Regardless of your current culture, it is never too late to enhance it and to begin creating the benefits described above.