Where Culture and Purpose Converge
Gone are the days of the take-no-prisoners corporate mentality. A culture driven by fear and pressure is counterproductive in the contemporary workforce. Today’s most innovative and successful companies stand at the intersection of culture and purpose. Understanding why traditional, negative approaches fail is the first step toward transformation.
The Modern Costs of Negative Culture
While organizations with a cutthroat, high-pressure culture might achieve short-term gains, the long-term impact on productivity and financial health is detrimental. Recent studies have highlighted these costs:
- Health-Related Expenses – It’s no secret that stressed people miss more work for physical and mental issues. A toxic work environment can be very costly to an employer.
- Disengagement – Employees who are not engaged or actively disengaged cost the world $8.8 trillion in lost productivity, according to Gallup’s State of the Global Workplace: 2023 Report. That’s equal to 9% of global GDP.
- Turnover – The cost of employee turnover can range from 75–200% of an employee’s annual salary. The average cost of turnover is 21% of an employee’s yearly salary.
New Year’s Goal: Foster a Positive Culture
Here are a few ways to move away from the negative into positive territory.
- Identify your organization’s core values and represent them.
- Establish clear and consistent expectations.
- Establish clear lines of communication.
- Reward good work.
- Make room for employees to get to know each other. This can be challenging in a remote work environment, but not impossible.
- Encourage employees to hold each other accountable and engage them in group decision-making.
- Promote diversity, equity, and inclusion.
- Establish a solid code of ethics.
- Optimize onboarding strategies
- Create comfortable working situations.
- Provide training and career development opportunities.
“Creating a positive workplace culture is the engine that supports a profitable and growing company,” Timothy Dimoff, Founder and President of SACS Consulting and Investigative Services professes.
Need Help Creating a Positive Work Culture?
SACS Consulting and Investigative Services specializes in organizational culture and offers the following training program: Creating and Maintaining a Positive Company Culture. Contact us at 330-255-1101 or [email protected] to schedule your training program!