How a Strong Company Culture Can Lead to Better Retention

Your company’s culture is one of its biggest assets. It shows what your organization stands for and serves as a guide for employee interactions.

Having a well-developed culture can encourage the best talent to work for you. Once these employees become part of your organization, they are likely to remain for an extended time.

The longer your employees remain, the higher your retention rates. This lowers the amount of time and money spent on hiring, which improves your bottom line.

Find out how you can develop a strong company culture to improve your employee retention rates.

Business Guidance  

Displaying a strong mission, vision, and values provides employees with a sense of guidance and security. It shows what you stand for as a company. This helps attract employees who align with your culture.

Employees with values in line with your company’s values tend to make better business decisions. This typically aligns with your company’s vision and business strategy.

Be sure to advertise your culture and exhibit it in everything your organization does. For instance, regularly talk about your company’s vision and strategy. Include what these topics mean for different teams. Helping your employees better understand the company can improve engagement, motivation, and retention.

Include your company values when evaluating employee performance. This can improve engagement.

Flexible Work Arrangements

Offering remote or hybrid work and a flexible schedule helps your employees manage work-life balance. Letting them handle their personal needs during the workday helps lower stress. This reduces the odds of experiencing burnout.

Your employees may desire additional paid time off (PTO), stipends for child care, or paid parental or personal leave. Providing these accommodations shows you care about your employees’ well-being.

Talk with your employees about individual accommodations they may need to fit their personal circumstances. Increased flexibility typically leads to increased retention.

Performance Recognition

Regularly thanking your employees for their efforts and results helps them feel appreciated. This tends to elevate engagement, productivity, and retention.

Performance recognition should take a variety of forms. This may include a hand-written thank-you note, verbal praise during an individual or team meeting, or a mention on the company intranet.

Regularly point out your employees’ contributions to benefit the organization. Include each employee’s specific actions, their results, and how they impacted the business. Provide bonuses, raises, or promotions when appropriate.

Looking for Accounting and Finance Professionals?

Employees want to work for companies that have a strong culture. You can promote your culture by using it to guide employees to make business decisions. You also can offer flexible work arrangements and provide performance recognition to increase the attractiveness of your workplace. All of these factors contribute to your retention rates.

If you need help adding accounting and finance professionals to your team, talk with Casey Accounting & Finance Resources. Learn more today.

Communication Skills You Should Have to Help Improve Company Culture

Strengthening communication skills in your organization provides a wealth of benefits. Among them are improved performance, stronger engagement, more cohesive teams, and innovative ideas. Because active listening and sharing are vital parts of your company’s success, they need to be embedded in your culture.

Promote these communication skills throughout your organization to enhance your culture.  

Inform Employees of Company News

Ensure that employees at every level find out company news at the same time. This shows that staff at all levels are valued and respected members of the organization. Include what the next steps are and how the news may impact specific departments or employees. Allow time to answer questions and provide support during transitions.

Clarify Expectations

Share with team members what your standards and expectations are. This is especially important if your staff is working remotely. For instance, let them know which individual and team projects should be worked on at a given time. Also, regularly check in to discuss timelines, issues, feedback, next steps, and questions. This helps keep everyone on the same page.

Recognize Employee Accomplishments

Publicly and privately, thank team members for their efforts and achievements. For instance, mention during individual and team meetings specific examples of how they positively impacted the company. Also, give your staff hand-written thank-you notes expressing appreciation for their hard work and results.

Check for Non-Verbal Cues

In addition to body language, look for non-verbal cues that may signal miscommunication, defensiveness, or conflict. This is especially important for remote employees who do not benefit from the in-person interactions of working onsite. For instance, check employee emails and messages for signs of distress, frustration, or burnout. Red flags include messages sent late at night, frequent errors, and a curt tone. Also, speak privately with employees who exhibit excessive absenteeism, non-participation in meetings, and other signs of disengagement. Work to better understand the situation and offer support.

Maintain Personal Connections

Stay in regular contact with employees, colleagues, and coworkers. For instance, have conversations about personal news and outside stressors that may be affecting their work. Also, check to see how your team is doing with their well-being and job satisfaction. Additionally, celebrate birthdays, work anniversaries, and special life events.

Make Open Communication Part of Your Culture

Open communication needs to be prioritized in your company culture to maximize business success. The more staff members at all levels actively listen, share ideas, and provide support for each other, the more cohesive your workforce will be. This results in greater goal attainment long into the future.

When you are in the market to add skilled accounting and finance professionals to your organization, get in touch with Casey Accounting & Finance Resources. Find out more today.

Does Your Company’s Work Environment Impact Productivity?

Productivity levels depend on more than just your employees. Although staff can get more rest at night, eat breakfast, and take other steps to increase their output, there are steps you, the employer, can take to help as well. Focusing on the following areas helps to create a work environment that encourages workers to be more productive.

Lighting

All forms of lighting have a strong impact on productivity. Therefore, you want to provide windows near work areas to promote concentration and comfort. Keep overhead lighting bright to increase feelings of happiness. In winter, offer lamps that compensate for the reduced exposure to sunlight. This will increase calmness and decrease depression.

Company Culture

Cultivate a culture that promotes positivity. Everyone needs support to develop their uniqueness and feel valued. Encourage employees to build networks inside the office so they feel a sense of belonging. People who feel valued at work give their all each day.

Noise Levels

Monitor noise levels within the work environment. Because noise is a top workplace interrupter, it affects productivity. Since some people function better with noise and others without, aim to create room for both types of workers to fill their needs. For instance, install a white noise machine, or enforce quiet hours during the day.

Furnishings

Provide comfortable furnishing for employees. This is especially important if they sit for long periods of time. Include adjustable desks to allow workers to stretch their legs and ergonomic keyboards to prevent wrist injuries. Staff will feel more relaxed, less stressed, and more productive.

Color

Brighten wall colors to stimulate productivity. Low-wavelength colors such as blue and green improve calmness, focus, and efficiency. Medium-wavelength colors like yellow create feelings of happiness, optimism, and creativity. High-wavelength colors such as red increase heart rate and energy level

Designated Spaces

Design dedicated spaces to fill various needs. For instance, provide coworking spaces with relaxation rooms for employees to take a nap or meditate. Offer quiet, private spaces for staff who make frequent calls. Create collaborative spaces for those working on a team project. Include standing desks so workers can gather together to share ideas.

Air Quality

Provide the highest air quality possible. Having more oxygen going to the brain promotes concentration and increases energy. For instance, maintaining the air conditioning system prevents it from dehydrating staff so they stay focused on their work.

Improve Productivity with a Leading Chicago Staffing Firm

Find highly productive staff in the Chicago area with help from Casey Accounting & Finance Resources. Get in touch with our leading finance recruiters today!

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