Alltech IT Solutions Blog

Company Culture Goes a Long Way

Company Culture Goes a Long Way

When you consider your business’ strengths, you might feel the need to focus on quantifiable aspects that can be defined with numbers. There are some competitive advantages to this, but it’s especially important to keep in mind that perhaps the most important quantifiable strength you have is your ability to sustain a positive company culture.

In many cases, your company’s culture defines your company. When someone comes into contact with your business, they’ll typically know immediate whether it’s good or bad. Therefore, since that influence will ultimately affect the bottom line, you should consider investing in creating an engaging and inclusive company culture.

Draw in Talent

Your clients will typically appreciate working with a business that values its employees and nurtures their talents rather than one that is notorious for employee turnover, but ultimately, if a business is effective at delivering products and services of value, it doesn't matter much to outside businesses. Even so, it makes a lot of sense to invest in your employees and provide them with enough direction to effectively complete their duties. By fostering a more positive culture within your workplace, however, it will attract a wide pool of talent, giving your business access to the most talented candidates.

Retain Talent and Reduce Turnover

You can attract as much talent as you want, but it means nothing if you can’t retain it. Therefore, you should strive to maintain a gold standard for employee satisfaction. After all, a sudden loss of an employee for a variety of reasons can lead to dropped processes, missed opportunities, and costs associated with the hiring process. Remember that onboarding a new employee will always cost more than retaining a current one.

If your employees are happy with your organization and not motivated to leave, then you don’t need to suffer from these impacts. A positive company culture can be incredibly effective in this regard. Research conducted by Gallup found that only 37 percent of employees engaged in their work were actively seeking new employment opportunities, compared to 73 percent of those who are disengaged with their work.

Similarly, Columbia University found that organizations with a strong company culture experienced turnover rates as low as 13.9 percent. Compared to the 48.4 percent turnover rates of businesses with poor company culture, it’s not hard to see the benefits this.

Boost Productivity

The right company culture can make your employees happy, and, what do you know, happy employees are more likely to be productive, which will ultimately result in happier clients and increased motivation to do their jobs well. The same Gallup research found that engaged employees saw productivity boosts of up to 21 percent, with another study by IBM-owned Kenexa finding that organizations with an engaged workforce brought in twice the income that an organization without these kinds of engagement levels.

Reduce Employee Burnout

Employees can suffer from burnout for several reasons, but a negative company culture can be a root cause. While it might be tempting to push the blame on the employee for this, your business is the one that has to suffer the consequences. Employee burnout is a contributing factor to a 49 percent increase in workplace accidents, as well as a 60 percent increase in errors. Overall, stressed out or overworked employees are a liability to your business, so take some time to decrease this stress so they can be better assets for your company’s future.

Improved Attendance

Your employees aren’t going to be very good ones if they never make it to the office, and according to a Harvard Business Review study, an increase of about 37 percent was reported among disengaged employees. This is naturally a serious issue, as employees that aren’t getting work done due to not being in the office can contribute to your organization’s suffering, and even morale could take a hit. A more positive company culture can encourage users to make it to work, leading to more productivity as a whole.

It’s clear that company culture can play a significant part in the success (or failure) of your organization, so don’t take any chances with it. Alltech IT Solutions can equip your business with several technology solutions that make life easier and more efficient for your employees. To learn more, reach out to us at 954-628-3770.

Ransomware Can Just Be Devastating
Looking for Value? Look No Further
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Tuesday, June 25 2019

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Hybrid Cloud Workers Virtual Assistant Update Troubleshooting Environment Yahoo Telecommuting Medical IT Social Media Business Computing Best Practices Spyware Money Big Data Inventory Google Maps Automation Movies IaaS Video Games Streaming Media Paperless Office HaaS Hard Disk Drive Backup Efficiency Remote Monitoring Printing Remote Control RAM OneNote Data Protection Alert National Security Regulation E-Commerce Thank You Webcam Sports Cost Management Paper Information Computer Computer Care Employer-Employee Relationship Vendor Management Maintenance Video WiFi Data Breach Safety Patch Management Samsung Analytics Health Facebook Search Laptop Security Cybersecurity Data Recovery Antivirus User Tips File Sharing Tactics Communication Business Intelligence Microsoft Teams Network Dark Data Credit Cards Paste A.I. Gadget Training Physical Security Certification VoIp Synergy Authorization Multi-Factor Security Trends Amazon SSD Managed IT Services Windows XP Autocorrect Comparison Windows Innovation Hiring/Firing News Miscellaneous Current Events Threat Tablet BDR Wi-Fi Technology Politics Time Management Vulnerabilities VoIP Mobile Device Smartphone Worker Excel Email Management Budget Computers Backup and Disaster Recovery Licensing Files Vulnerability Cryptocurrency Remote Support Government Law Enforcement Data Management Congratulations Chrome Hard Drive Windows 10 Applications Users Reporting App Settings Microsoft Office Google Taskbar Digital Downloads Virtualization Staff Managed IT Services User Tip Unified Communications Wireless Employer Employee Relationship G Suite Information Technology Internet Explorer Encryption Business Technology Biometrics Network Security Wireless Internet Machine Learning Save Money Chrome OS Scalability Retail Software IT budget BYOD Database Cables Tip of the Week Education Plug-In Server Management Touchscreen Hosted Solutions Collaboration Data loss Business Tech Support IT Management Storage User Security Access Workplace Tips Productivity Server Spam Blocking Ransomware Voice over IP Cleaning iPhone Data Security Mobile Devices IT Support Virus Profitability Customer Service Online Shopping Managing Stress Hosted Solution Phone System Healthcare Holiday Wireless Charging Tip of the week eCommerce Recovery Tech Terms Operating System Outsourced IT Router Apps Edge Help Desk Scheduling Productivity Microsoft Hacker Two-factor Authentication Work/Life Balance Scam Unified Threat Management Document Management Access Control Saving Money Freedom of Information Cortana Content Filtering Office Tips Connectivity Automobile Marketing Windows 10 Artificial Intelligence Network Attached Storage Lead Generation Outlook Eliminating Downtime Error e-waste Telephony Live Streaming Technology Tips Solid State Drive Entertainment Payment Android Mobile Device Management Hacking Website Disaster Recovery Specifications Mobile Security HIPAA Leadership Twitter Personal Information Shortcut Wearables Processors Business Management Malware Windows 7 Upgrade Gaming Console PowerPoint Email Managed Service Remote Monitoring and Management Compliance IT Support Electronic Health Records Quick Tips DDoS Value WhatsApp Word disposal Human Resources Hard Drives Updates Cabling The Internet of Things Internet Small Business Dark Web Authentication Managed Service Provider Managed IT Company Culture Data Backup Alerts Smart Technology Printer Bandwidth Smartphones Password Office Gadgets Millennials Battery Business Continuity IT Services Cloud Analysis Mobility WannaCry Managed IT Service Conferencing Staffing Office 365 GDPR Telecommute Employees Internet of Things instant Messaging Data Copy Cloud Computing Windows Server 2008 R2 Cybercrime Knowledge Blockchain Hackers Avoiding Downtime Hardware Gmail Emergency CrashOverride Spam Botnet How To Security Cameras Television VPN Apple Instagram Passwords Phishing Proactive IT Networking Employee-Employer Relationship Telephone System Bring Your Own Device eWaste Browser Sales Microsoft Office 365 Travel Remote Computing Communications Ink Telephone Systems Emoji Dongle Google Drive Spotify HP Privacy Printer Server SaaS Tech Term Websites Printers Voice over Internet Protocol Net Neutrality