In today’s competitive professional industry creating a team of top talent is the topmost priority for the company. These days competitive salaries and benefits are no longer enough to retain the employees and there are many other factors included. In this post we will explore how company culture plays and important role in employee retention and why it is important for the organizations to focus on this.
Understanding Company Culture: Company culture comprehend the values, beliefs and behaviors that gives the perfect shape to the work environment and employee experience. A healthy company culture fosters a great purpose among employees leading to their satisfactory job. We, CareNest Health Services Inc prioritize employee’s well-being.
Impact on Employee Retention: According to the research it shows that the employees are more likely to stay with a company that has a positive work culture. There is a study by Deloitte which shows that 94% of executives and 88% of employees believe in the statement that workplace culture plays an important role in business success.
Role In Brand development: Company culture is not everything about what is going on inside the company, external factors also play an important role in this. The companies which are having strong culture will always stand out attractively with their competitor and attract like-minded talent who aligns with its value.
Building a Strong Culture: Developing a strong culture requires a well-planned effort from leadership to align value with actions. This may involve creating well-planned policies that promote work like balance, open communication and recognizing and rewarding employees for their contributions. It’s also important to involve employees into the culture building process there suggestion can be the part into it.