The divine power of a great company culture and how to harvest it
In this blog post, I will attempt to answer three questions:
- How much does a great company culture matter?
- How can it be achieved?
- What is the role of the management team?
How much does a great company culture matter?
Let’s assume for a moment that you don’t believe in this 'leadership stuff' and 'HR fluff.' Perhaps, you see yourself as a no-nonsense, down-to-earth practical person who understands that business is about performance and results. Well, in that case, you might be interested to know that the connection between a better company culture and improved business results is well-proven and often quantified.
Ted Kitterman from Great Place to Work provides valuable insight into the relationship between culture and performance. Great workplaces boast considerably higher retention rates, translating into significant cost savings. For instance, in the typical US hospital in 2022, losses in nursing staff cost between $5 and $9 million per year. That's no small amount, is it?
How much does a great company culture matter?
Let’s assume for a moment that you don’t believe in this 'leadership stuff' and 'HR fluff.' Perhaps, you see yourself as a no-nonsense, down-to-earth practical person who understands that business is about performance and results. Well, in that case, you might be interested to know that the connection between a better company culture and improved business results is well-proven and often quantified.
Ted Kitterman from Great Place to Work provides valuable insight into the relationship between culture and performance. Great workplaces boast considerably higher retention rates, translating into significant cost savings. For instance, in the typical US hospital in 2022, losses in nursing staff cost between $5 and $9 million per year. That's no small amount, is it?
How much does a great company culture matter?
Let’s assume for a moment that you don’t believe in this 'leadership stuff' and 'HR fluff.' Perhaps, you see yourself as a no-nonsense, down-to-earth practical person who understands that business is about performance and results. Well, in that case, you might be interested to know that the connection between a better company culture and improved business results is well-proven and often quantified.
Ted Kitterman from Great Place to Work provides valuable insight into the relationship between culture and performance. Great workplaces boast considerably higher retention rates, translating into significant cost savings. For instance, in the typical US hospital in 2022, losses in nursing staff cost between $5 and $9 million per year. That's no small amount, is it?
How much does a great company culture matter?
Let’s assume for a moment that you don’t believe in this 'leadership stuff' and 'HR fluff.' Perhaps, you see yourself as a no-nonsense, down-to-earth practical person who understands that business is about performance and results. Well, in that case, you might be interested to know that the connection between a better company culture and improved business results is well-proven and often quantified.
Ted Kitterman from Great Place to Work provides valuable insight into the relationship between culture and performance. Great workplaces boast considerably higher retention rates, translating into significant cost savings. For instance, in the typical US hospital in 2022, losses in nursing staff cost between $5 and $9 million per year. That's no small amount, is it?
How much does a great company culture matter?
Let’s assume for a moment that you don’t believe in this 'leadership stuff' and 'HR fluff.' Perhaps, you see yourself as a no-nonsense, down-to-earth practical person who understands that business is about performance and results. Well, in that case, you might be interested to know that the connection between a better company culture and improved business results is well-proven and often quantified.
Ted Kitterman from Great Place to Work provides valuable insight into the relationship between culture and performance. Great workplaces boast considerably higher retention rates, translating into significant cost savings. For instance, in the typical US hospital in 2022, losses in nursing staff cost between $5 and $9 million per year. That's no small amount, is it?
How much does a great company culture matter?
Let’s assume for a moment that you don’t believe in this 'leadership stuff' and 'HR fluff.' Perhaps, you see yourself as a no-nonsense, down-to-earth practical person who understands that business is about performance and results. Well, in that case, you might be interested to know that the connection between a better company culture and improved business results is well-proven and often quantified.
Ted Kitterman from Great Place to Work provides valuable insight into the relationship between culture and performance. Great workplaces boast considerably higher retention rates, translating into significant cost savings. For instance, in the typical US hospital in 2022, losses in nursing staff cost between $5 and $9 million per year. That's no small amount, is it?
How much does a great company culture matter?
Let’s assume for a moment that you don’t believe in this 'leadership stuff' and 'HR fluff.' Perhaps, you see yourself as a no-nonsense, down-to-earth practical person who understands that business is about performance and results. Well, in that case, you might be interested to know that the connection between a better company culture and improved business results is well-proven and often quantified.
Ted Kitterman from Great Place to Work provides valuable insight into the relationship between culture and performance. Great workplaces boast considerably higher retention rates, translating into significant cost savings. For instance, in the typical US hospital in 2022, losses in nursing staff cost between $5 and $9 million per year. That's no small amount, is it?
How much does a great company culture matter?
Let’s assume for a moment that you don’t believe in this 'leadership stuff' and 'HR fluff.' Perhaps, you see yourself as a no-nonsense, down-to-earth practical person who understands that business is about performance and results. Well, in that case, you might be interested to know that the connection between a better company culture and improved business results is well-proven and often quantified.
Ted Kitterman from Great Place to Work provides valuable insight into the relationship between culture and performance. Great workplaces boast considerably higher retention rates, translating into significant cost savings. For instance, in the typical US hospital in 2022, losses in nursing staff cost between $5 and $9 million per year. That's no small amount, is it?
How much does a great company culture matter?
Let’s assume for a moment that you don’t believe in this 'leadership stuff' and 'HR fluff.' Perhaps, you see yourself as a no-nonsense, down-to-earth practical person who understands that business is about performance and results. Well, in that case, you might be interested to know that the connection between a better company culture and improved business results is well-proven and often quantified.
Ted Kitterman from Great Place to Work provides valuable insight into the relationship between culture and performance. Great workplaces boast considerably higher retention rates, translating into significant cost savings. For instance, in the typical US hospital in 2022, losses in nursing staff cost between $5 and $9 million per year. That's no small amount, is it?
How much does a great company culture matter?
Let’s assume for a moment that you don’t believe in this 'leadership stuff' and 'HR fluff.' Perhaps, you see yourself as a no-nonsense, down-to-earth practical person who understands that business is about performance and results. Well, in that case, you might be interested to know that the connection between a better company culture and improved business results is well-proven and often quantified.
Ted Kitterman from Great Place to Work provides valuable insight into the relationship between culture and performance. Great workplaces boast considerably higher retention rates, translating into significant cost savings. For instance, in the typical US hospital in 2022, losses in nursing staff cost between $5 and $9 million per year. That's no small amount, is it?
About the author
Peter Zashev (PhD) is a Program Director at Hanken & SSE. As an academic, business trainer, and dynamic speaker, he specializes in leadership, change, and strategy. With 18 years of executive education experience, Peter has collaborated with numerous talents and management teams, earning recognition for his lively and humorous approach. He holds the position of Adjunct Professor at the Stockholm School of Economics in Riga.
