“We have a great culture here.”
Now that’s an often-stated phrase that probably gets thrown around a bit too much in workplaces. Especially in those that potentially haven’t earned the status. Visions of ping pong tables, Friday drinks, staff picnics outside of work hours and more come to the fore.
But the reality behind building an exceptional workplace culture is far more difficult to achieve.
The stats back it up. In Deloitte Access’s Global Human Capital Trends survey a whopping 82% of respondents said they knew having a strong workplace culture was a competitive advantage, delivering better business outcomes and happier staff. However, the same survey revealed only 12% of leaders felt they were driving the right culture. Worse, only about one-fifth of leaders said they actually had the right culture.
So what makes building a workplace culture that helps people and profits thrive so damn difficult?
Everledger CEO and Founder Leanne Kemp – also Queensland’s former Chief Entrepreneur – says building culture is a marathon that takes experience and, unfortunately, the acceptance that it won’t be right for everyone.
“Getting culture right can be hard. It takes time and it takes practice,” she says.
“Everledger isn’t my first business; over the course of my career (if you can call it that!) I’ve had time to try things out and see what works. So in many ways, Everledger is benefitting from those experiences.
“I do believe in having a strong culture – this doesn’t mean appeasing everyone because it’s impossible to always make everyone happy. What’s more important is creating a shared sense of connection and harnessing that to ensure the company can keep moving forward and in the same direction.”
The numbers stack up for kings of culture
If you replace the words “company culture” with “shared sense of connection” and endeavour to achieve that across your whole business, you’re probably heading down the right path. And while the language may sound slightly fluffy, consider the statistics around businesses that do focus on connecting its employees meaningfully right from their first to interview through to their exit from a business. Fortunately, the cost of a terrible workplace culture is easy to measure thanks to the following statistics from workplace review site Glassdoor.
About 80% of workers say the first interview is vital in deciding how a business values their staff – they’re watching you right from the get-go. Additionally, an employee who feels engaged in their role and the company are on average 125% more productive than a merely satisfied staffer, and those businesses experience 60% less turnover. And we all know the cost of replacing talented employees.