A positive workplace
A positive workplace culture is essential for the development of the employees’ skills, which increases productivity of a company. The report, “Return on Culture,” demonstrates a direct correlation between cultural factors such as collaborative efforts, employee involvement and retention, and client satisfaction and earnings and profit. As per the report, organizations with a positive work culture are 1.5 times more likely to have revenue growth of 15% or more, throughout three years, and 2.5 times more likely to have substantial stock growth during the same time period. However, according to research, just 31% of HR executives feel their companies have the right culture they require to drive future growth, and getting there isn’t simple. This means certain companies fail to reform their cultures over time, read more about the organizational design definition. Also read: 5 Performance Management Biases To Avoid Considering the above stats, we have provided a step-by-step approach to turn your organizational culture into a significant asset, by offering an understanding of what work culture is and why it is essential to develop a positive workplace culture that consistently produces results. What Is Workplace Culture? Workplace culture, or organizational culture, refers to a set of beliefs, expectations, and practices that guide and shape the activities of all the employees of the organization. Consider it…