CULTURE IS MORE THAN JUST A BUZZWORD: ARE YOU GIVING IT THE ATTENTION IT DESERVES?
With unemployment at an all-time low, it is a true ‘employee’s market’ out there, and organisations are trying harder than ever to attract and retain top talent. If you have read any job postings recently, or posted one of your own looking for your next new hire, chances are you have seen one word come up over and over again: culture.
In the startup and tech world, for example, culture is stereotypically relegated to superficial perks like free lunch and ping-pong tournaments, half-day Fridays and happy hours. Chances are your own organisation has a similar employee perk as evidence of its strong workplace culture.
However, culture cannot simply be boiled down to the promises of a ‘work hard, play hard’ atmosphere. Increasingly, employees are looking to far more tangible factors that are evidence of a strong workplace culture.
Our June Global Business Ethics Survey (GBES) found that for employers and organisations that implement robust ethics and compliance (E&C) programmes, there are powerful, positive returns on everything from employee satisfaction, decreased misconduct and Foreign Corrupt Practices Act (FCPA) violations, financial benefits and more.
So how do you define a strong workplace culture? How do top-performing firms separate the wheat from the chaff and grow a thriving organisation with a robust E&C programme that fosters retaining dedicated, loyal employees?
Oct-Dec 2018 Issue
The Ethics & Compliance Initiative