One study conducted by Columbia University shows that the likelihood of job turnover at an organization with a rich company culture is only 13.9%, whereas the probability of job turnover at an organization with low company culture is as high as 48.4%.
Tag: company culture
Culture begins to emerge at the foundation of your company. In fact, many entrepreneurs will tell you it’s important to define it from day 1 before you even open your doors. But once your company starts to grow, the individuals bringing their unique and diverse perspectives to work each day drive your organization’s culture.
At the heart of every organization is its culture—its personality and identity. Today, people are putting more importance on company culture than ever before. Deloitte recently found that 94% of executives and 88% of employees consider a distinct workplace culture important to organizational success.
In part one of this article, we discussed the Enron and Theranos debacles with Scott Young, Managing Director of CultureIQ Solutions. Here, we will conclude that discussion and learn how competitiveness, forced results, and a lack of transparency all played a role in these disasters.
As someone who has worked continuously since I was legally able, I’ve had my fair share of terrible bosses—and I’m sure that you have, too. I struggled with the worst one long before I had ever heard of the concept of a hostile work environment or the damaging effects of bad company culture.
May 25 marked 13 years since Enron’s CEO and founder were convicted on fraud and conspiracy charges after the Texas energy giant imploded, wiping out $1.2 billion in shareholder equity. And June 15 will mark 1 year since Theranos’s CEO and COO were indicted in a scheme that defrauded investors to the tune of hundreds […]
After years of discussion and research, one thing is clear about workplace culture: Getting it right is very important. Like employer branding, culture exists in every organization, whether everyone is aware of it or not. Also as with employer branding, it is very important that leaders in organizations take the reins of their culture; otherwise, […]
Yesterday’s post focused on five reasons to implement a company culture focused on innovation. Below are some tips for how you can implement this type of culture.
Candidate experience has been a popular focus for many employers, as this experience can make or break an employer’s chance at hiring top talent. However, once you’ve got the candidate in the door, you don’t want to risk losing them because your company has a poor culture or offers a terrible employee experience.
We’ve recently seen many companies take stands on social issues, such as Nike’s ads last fall supporting quarterback-turned-activist Colin Kaepernick or Dick’s Sporting Goods’ decision to restrict its own gun sales.