A strong culture can reduce the costs associated with recruiting, hiring, and training for your company and is bound to raise employee satisfaction rates, too.
According to Entrepreneur, happier employees are 12% more productive on average, and companies with happier employees outperform competition by 20%.
These statistics say it all – happy employees mean a more successful business, and a great culture is the key to that happiness at your organization.
But how to build such a strong culture? Well, here are five key traits that businesses with renowned cultures tend to possess.
5 Traits of Great Company Cultures
It has a mission statement or clearly defined goals
Companies that have mission statements that are regularly advertised to employees or clearly defined goals are more likely to have a positive culture.
This is because it makes employees, clients, and customers immediately aware of what the company stands for, believes in, and expects out of employees.
It is indicative of company values that leaders would like the organization’s employees to possess, too.
People are encouraged to “think outside the box”
Part of cultivating a strong culture that people want to be a part of is encouraging everyone to celebrate their individual ways of thinking, problem solving, and innovating.
Having one unified culture does not mean that everyone thinks and operates the same way. Having a great culture revolves around celebrating the differences between people and using them to make an organization great.
Employees receive regular recognition
For a culture that enables employees to feel happy and rewarded, it is important for recognition to be a part of the day-to-day.
Employees’ achievements should be regularly recognized and celebrated, making them feel valued and like strong contributors to the organization. This behavior breeds happier employees and a stronger sense of community.
Personal growth and development is encouraged at every level
Whether an employee is a senior executive or an entry-level worker, encouraging growth and development is important to creating a great culture.
Showing employees you are invested in their development and continued learning and success is a great way to make them feel appreciated and important to your business, strengthening your office culture and employee satisfaction.
There is a strong sense of trust
An organization without a baseline level of trust in one another, in senior leaders, and in the values and mission of the organization will not produce happy employees.
When there is an abundance of trust between one another at a company, it will feed into a strong culture that leaves employees happy in their job and committed to making an organization great.
How a PEO Can Help
A PEO can be helpful in developing these traits at your company and identifying where your company is lacking in creating a strong culture that people will want to be a part of.
To find a PEO that will most effectively and efficiently assist your organization, rely on us. Call us today to receive a complimentary competitive analysis to start the process of finding a PEO.