A company’s unique set of values, beliefs, and practices is referred to as its “culture.” As a whole, it includes everything from how employees dress and interact with one another to how they decide and handle customer service.
The impact of company culture on employee lifestyle is significant, and it is important for companies to consider the implications of their culture on their employees’ lifestyles when deciding about their business.
To find out how important employees value their company’s culture, a new 2022 survey revealed the impact that company culture can have on an employees’ lifestyle, and here are some of the key findings:
The Impact of Company Culture on Employees’ Lifestyles
According to the survey, almost 85% of respondents revealed they highly value their company’s culture as being important to them. 75% declared that they actively research a company’s culture when looking for a new role before applying for a new position with another company, while 54% also revealed they would walk away from their current company if theirs didn’t support or care about great workplace culture.
51% of employees stated they valued a better workplace culture as something more important than a higher salary. Nevertheless, for those people aged 35-44, 54% stated they perceived a better annual wage than a positive workplace culture.
With rewards and recognition, almost 27% of employees declared improved rewards or recognition strategy as a top priority for employees. Improved mental health and wellbeing initiatives (20.8%), and enhanced communication from senior leaders (19.1%) followed this.
What are the benefits of good company culture?
Employees who work in companies with strong cultures are less likely to experience burnout. This is because they feel supported by their co-workers and have a clear sense of purpose and direction. It’s because of this that they’re able to maintain a good work-life balance.
A stated company culture that is understood by all employees can help with better decision-making throughout the company, as everyone knows their role and the part they have to play in helping achieve their company’s aim and objectives.
Strong company culture can do wonders for a company’s reputation and allow them to attract the best clients and the best employees. A high reputation company can charge premium prices for their services because customers might prefer to work for a reputable business than an unknown one.
The survey results show that company culture has a significant impact on employees’ lifestyles. Employees are more likely to adopt the company culture when it aligns with their personal values and beliefs.
This is good news for employers who want to cultivate a positive company culture, as it means they have some influence over how employees conduct themselves outside of the workplace.
If you’re looking to improve your company culture, start by taking a look at your employees’ lifestyles and see where there might be room for improvement.
HRM software provider Cezanne HR conducted the company culture survey, and they surveyed 1,000 employees across the UK and Ireland.