A critical takeaway of the new survey, however, is that there is a major gap between employees’ recognition of the importance of culture and how they experience it daily at work. And despite the fact that culture has a profound impact on the workforce and business success, organizations find culture to be nebulous, and they struggle to assess and manage it.
But, organizations can measure and put a value on their culture. Eagle Hill’s new Culture Valuation© journey explores workplace culture, highlights results from our national Workplace Culture Survey, and offers a concrete framework to help companies harness the power of culture – or fix an ailing culture.
Read the new research, The Business Case for Culture, here.
“Organizational culture is the unsung hero of long-term organizational success. Gone are the days when a strong culture is a ‘nice-to-have.’ Today, leadership must understand and invest in their workplace culture to achieve their business goals,” says Melissa Jezior, Eagle Hill’s president and chief executive officer.
“Companies that don’t manage and measure their culture are at a major disadvantage, especially in a tight labor market when it’s incredibly difficult to find and keep top talent. And to realize the lasting return on the culture investment, leaders must constantly maintain a pulse on their culture and course correct regularly. Otherwise, culture can quickly become a liability, instead of the competitive asset that it should be,” Jezior explained.
Eagle Hill provides executives with a concrete framework for distilling organizational culture into five critical elements that together set the foundation for a workplace culture primed for success.
- Core values are an organization’s fundamental beliefs that should guide decision making and actions.
- Leadership guides an organization’s overall direction and embodies its core values.
- Relationships are the connections and trust that individuals build with their colleagues at work.
- Authenticity is the genuineness of employee and organizational behaviors.
- Satisfaction is how content employees feel at work.
Download the research here.
Eagle Hill Consulting LLC is a woman-owned business that provides unconventional management consulting services in the areas of Talent, Change Strategy & Performance. The company’s expertise in delivering innovative solutions to unique challenges spans across the private, public, and nonprofit sectors, from financial services to healthcare to media & entertainment. Eagle Hill has offices in the Washington, D.C. metropolitan area, Boston, MA and Seattle, WA. More information is available at www.eaglehillconsulting.com.
SOURCE Eagle Hill Consulting