the business impact of a winning culture [infographic]
provided by: octanner.com
You know that a great company culture attracts top talent and motivates and engages employees. But did you know that recent research shows a winning culture also impacts key company performance metrics?
Read on to discover the true ROI of a winning culture—and how to build one within your own organization to inspire innovation and great work.
What is a great company culture?
According to a Glassdoor employee survey, a winning culture:
· Values and encourages collaboration and innovation.
· Emphasizes mentoring and employee growth.
· Delivers an inspiring vision that connects employees to the bigger picture.
· Empowers employees to take on challenges and celebrate successes.
What can a winning culture do for you?
O.C. Tanner’s global research shows that within a culture that focuses on empowering leaders and employees:
· Team members are over 3x more likely to deliver a difference.
· Employees come up with 2x as many ideas.
· 78% of employees are highly engaged when they feel appreciated.
What does it mean for business?
Glassdoor’s “Does Company Culture Pay Off?” report shows that companies that are recognized for outstanding cultures are leading their industries.
· Companies on Glassdoor’s “Best Places to Work” list outperformed the Standard & Poor (S&P) 500 by 115.6% from 2009-2014.
· Since 2009, a portfolio of Fortune’s “Best Companies to Work For” outperformed the S&P 500 by 84.2%, and significantly outperformed the overall stock market.
· The 30 lowest-rated public companies on Glassdoor broadly underperformed the market from 2009-2014, yielding average stock returns nearly 30% lower than the S&P 500. Their negative employee rating correlated with their poor performance.
Successful companies continue to place an emphasis on building a better culture, with a proven ROI of engagement, innovation, and a boosted bottom line.
CTA: Visit the O.C. Tanner blog for more ideas on how to build a winning culture within your organization today.