What Does Office Environment Mean to You?

by: Luke Kreitner August 6, 2015

How does a great work environment ensure valued employees for the long run and greater success?

Here are a few helpful articles:

 


 

Workplace Culture is More Important Than Anything Else

  • Companies sink or swim based on their internal culture. One bad hire can have a huge effect on morale, productivity, and ultimately, the bottom line.
  • Leaders should hire people who see the much bigger picture, and can truly help a company thrive by aligning their career goals with a company's values and mission.

 


Employee-Friendly Workplace Culture a Key to Company Success

  • Common features of successful workplace cultures include open lines of communication, a clear organizational mission, careful hiring, work-life flexibility and competitive pay and benefits. And not to forget, fun.

 


18 Statistics About Company Culture You Can’t Afford To Ignore

  • Companies with engaged employees outperform those without by up to 202%
  • 64% of all employees do not feel they have a strong work culture
  • 49% of all employees are not satisfied with their direct supervisor
  • More than 1 in 4 employees do not have the tools to be successful in their jobs
  • 87% of the global workforce is disengaged
  • Only 21% of employees feel strongly valued at work
  • Peers and camaraderie are the #1 reason employees go the extra mile – not money
  • Companies with engaged employees vs competitors with low engagement levels enjoy 2.5x more revenue growth
  • Highly engaged employees are 87% less likely to leave the company they work for than their counterparts
  • $11 billion is lost annually due to employee turnover
  • 75% of people voluntarily leaving jobs don’t quit their jobs; they quit their bosses
  • Companies who implement regular employee feedback have turnover rates that are 14.9% lower than for employees who receive no feedback
  • 90% of leaders think an engagement strategy has an impact on business success but less than 25% of them have a strategy
  • Unhappy employees take fifteen more sick days each year than the average worker
  • Happy workers are 12% more productive than the average worker and unhappy workers are 10% less productive
  • Job turnover at an organization with a high focus on company culture is 13%, but 48% in companies with a low focus
  • Increasing employee engagement investments by 10% can increase profits by $2,400 per employee, per year

 

 


The Statistical Case for Company Culture

  • A Columbia University study shows that the likelihood of job turnover at an organization with high company culture is a mere 13.9 percent, whereas the probability of job turnover in low company cultures is 48.4 percent.

 


Statistical Case for Company Culture

  • Companies with happy employees outperform competition by 20%
  • Earn 1.2-1.7% more than peer firms
  • Are 2.1% above industry benchmarks
  • A Gallup report shows 63% of employees are not engaged
  • 24% are actively disengaged
  • 87% lack motivation and are unhappy
  • 13% of employees are engaged at work

 

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