Practical HR Tips, News & Advice. Updated Daily.
When an organization is involved in a merger or an acquisition, the entire situation can be distressing for everyone. Suspicions run high in both organizations, and even the best-running company culture can run aground during those difficult times. I recently spoke with Jill Penrose, Senior Vice President of Human Resources at The J.M. Smucker Company, […]
When you’re looking to hire talent, you may assess candidates on their skills, traits, and personalities, but in a candidate-driven market, the tables have turned, and candidates are now assessing you!
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%.
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.