Regardless of how smart you are, it’s your employees that make your business successful. A healthy culture acknowledges the shared beliefs, values, standards, and attitudes that characterize your company’s goals. Most importantly, a healthy culture breeds well-being, happiness, productivity, and gets results.
Signs of a healthy business culture:
- Acceptance and appreciation for diversity.
- Respect and fair treatment of every employee.
- Sense of pride and enthusiasm for the company and work done.
- Fair and equal opportunity for every employee to realize their full potential.
- Honest communication (including timely feedback) with all employees regarding policies, changes, and company issues.
If you have to start with one focus, start with embracing transparency.
Regardless of your company size, transparency is critical. Employees who have no idea how the business is doing or about their organization’s values, vision, mission, and earning are less likely to work productively. When you encourage transparency, your employees will become more aware of what’s going on in their organization. This will help them understand how they can improve or solve the problem and generate loyalty.
Communicate with your team on a daily basis and make sure you share only true facts and information. As soon as you set this open line of communication, you’ll see a significant difference in the mood and productivity of your team.
If you’re serious about building a strong culture though, let your team know the company’s financial status. ARE WE DOING OKAY? Whether the company’s profit is declining or thriving and cash is tight or abundant, sharing financial data makes employees feel a part of the corporation. They start feeling they’re fairly paid and thus turnover declines while commitment grows.
Transparency is a bold step and it’s up to you to decide whether you want to be honest and successful or secret and broke.