Fostering Engagement: 10 Key Benefits of a Strong Workplace CultureBy Luis Doffo, VP of Sales, Espresa
Are you trying to improve engagement in your company through a strong workplace culture?
Many of the most successful companies have built a strong community within their organizations and have created a positive workplace culture.
The best companies help employees to be the best that they can be, invest in their wellbeing, and encourage job satisfaction. As a result, these employees become more motivated and productive and will feel a closer connection with the company as a whole.
If you want to learn more about why developing a positive culture in your company is so essential, look no further. Below we’ll tell you about the 10 top benefits of a strong workplace culture.
1. You’ll Increase Employee Satisfaction
One of the top benefits of developing a strong culture in your workplace is that your employees will become more satisfied working for your company. Employees who are satisfied in their positions, who feel valued, and who feel healthier will do better work.
Developing a company culture in which you respect and trust your employees and value their opinions will create more employee satisfaction. Employees will feel excited to come to work and will feel less stress throughout the day, making them more effective at what they do.
2. Employee Retention Rates Will Go Up
When you increase employee satisfaction, you may also find that your employees stick around longer. Strong company culture can help improve employee retention rates because your employees will feel happier in their positions.
Employee turnover is expensive and the costs of hiring new employees regularly shouldn’t be taken lightly. By making your employees happier in their jobs, you’ll have to hire new employees less often, and will save a lot of money as a result.
3. Recruiting Will Be Easier
In addition to retaining more of your current employees, having a great company culture is also an essential part of attracting great new talent as well. Many employees look for more than just a great salary and want to work in a place they will feel satisfied and valued as well.
Once your company has a positive culture that treats its employees well, word will spread. New talent will start to see your company as a positive workplace and may begin to seek you out. Not only will it be easier to recruit new employees, but you’ll also have access to a better quality of talent as well.
4. Your Company Will Become More Productive
When you create a positive company culture, employees will also become more productive than ever before. Your employees will become more engaged in their work because they’ll feel more satisfied and appreciated. They’ll also feel like they’re contributing to something bigger than themselves.
Employees that enjoy working at your company may use fewer sick days and they’ll take their jobs more seriously. As their loyalty to your company increases, they’ll enjoy their positions more. They’ll also be more efficient when completing daily tasks.
5. Your Employees Will Spread the Word
Improving company culture also encourages employees to be advocates for your business – positive Net Promoter Score (NPS). When employees feel connected to your company’s mission and truly love your work culture, they won’t be silent about it. They’ll sing your company’s praises when speaking with their family, friends, and their entire network.
When you empower your employees, they’ll return the favor. By encouraging your employees to spread the word about your workplace culture you’ll get plenty of free marketing. This will grow your company and its image over time.
6. Employee Collaboration Will Improve
Building a great company culture also helps your employees to connect with each other more easily and to form better collaborative relationships.
Employees who are part of a positive work culture feel more connected to your company as well as each other. Your positive company culture will serve as the ties that bind your employees together. Additionally, giving your employees chances to get to know each other inside and outside of the office, will allow them to form deeper connections.
As a result, your employees will become better collaborators. They’ll have an easier time accomplishing difficult projects and meeting common goals.
7. You’ll Develop a Better Brand Identity
Creating a strong company culture will also help to give your company a stronger identity and will make it easier for you to build your brand. When you work to make your employees feel happier and more connected, you’ll also create a more positive image for your company as well.
While there may be other companies in your industry that do what you do your culture is what makes your business unique. It allows your company to stand out from the crowd and employees, customers, competitors, and partners will all take notice.
8. Your Company Will Earn a Stronger Reputation
Developing a clear company culture also allows your brand to develop a bigger and better reputation.
While improving your culture will have a significant effect on employees, it will also help your company become more well-known in your industry. You’ll build a buzz around your business that will attract potential customers and clients.
Additionally, once you have a strong business culture you can even use it as part of your branding and marketing campaigns to ensure customers know how serious you are about taking care of your employees.
9. Decision-Making Will Be Easier
When developing a company culture, your company will have to define itself more clearly. Because of this, your company’s culture and brand identity will serve as a guide to make better long-term decisions that align with your mission and values.
A positive culture also empowers your employees and managers to strive for the overall success of your business as well.
Being willing to listen to the ideas of employees and managers throughout the company and strengthening communication will allow your company to be more innovative and effective when it comes time to make important decisions.
10. You’ll Have More Customers
Having a great company culture will also attract more customers to your business and can help you increase your revenue.
Customers and clients want to work with amazing companies who are making a positive impact on the world and who have a positive culture within. When you strengthen your culture, many customers will take notice and will want to buy from you instead of from a competitor.
Additionally, the customers and clients that your company has will also become more loyal and more willing to refer your services to others.
Experiencing the Benefits of a Strong Workplace Culture
If you want to experience the benefits of a strong workplace culture listed above, it’s crucial that you make some changes in your company. By creating a stronger and more positive work environment you’ll keep your employees engaged. As a result, you’ll create a business that functions more effectively at every level.
Ready to improve your workplace culture? Click here to learn how Espresa can help you create world-class employee programs and improve your workplace culture.
Espresa enables all your Culture Benefits, including rewards + recognition, employee resource groups, inclusion and diversity, wellbeing + fitness, reimbursements, and corporate events management – all on a single and simple-to-use platform that people love.
One Size Fits None
5 generations view workplace programs differently. Discover how to engage all of them.
Program Funding Affects Engagement
The way companies fund their employee programs dramatically affects their employee engagement.
Loyalty is a Two Way Street
And many employees are heading out the door. Find out the true cost of retention.