Are you preparing your business for a merger or acquisition? While it is essential to get your financials and your business plan in order, it is also important to ensure your company culture is optimized. According to the study “Corporate Culture: Evidence from the Field” 91% of executives said they believed improving company culture would increase their company’s valuation. Here’s why.
Hiring the right employees is one of the most important parts of your business, it can also be the most challenging. There is nothing worse than hiring an employee who has all of the skills, but is not properly aligned in their role. It’s expensive to hire and fire, so role and value alignment should be at the core of your recruiting process. Here are five steps to ensure your new hire turns into a rockstar.
SDBJ’s Best Places to Work nominees were published in the September 6th issue.
Whether you’re on the list or not, you can actually be one of the best places to work. It takes more than just a ping pong table in the common area and food truck Fridays. While those may be fun added perks for your employees, the real way to become one of the best companies to work for is to start from the ground up.
Most companies today practice a reactive recruitment approach. They wait for a position to open up and believe that simply posting the job online will bring in enough applicants to effectively fill the role. So, we have put together some proactive recruiting tips- building a killer bench six months to a year before you need them.
When was the last time you were really excited about something upcoming? You can probably name a few times in the last few weeks. When was the last time one of your employees felt really excited about something upcoming? Unsure? Taking the emotional temperature of your employees is just as important as taking your own. In order to create a company culture that fosters excellence, you need to be able to support your employees when they need it most.
At Culture Works, we understand that leadership is one of the most important ways to foster great culture. Our fearless leader, Kristi Pastore, is one of the best examples of creating a community to drive success throughout our company. So, we’ve decided to give you a little insight into what inspires her and how she’s gotten to where she is, CEO of Culture Works. Here’s our CEO Spotlight with Kristi Pastore:
When you think about profitability and productivity there’s a “p” word you may have overlooked… purpose.
Consider your favorite brands. Why are you loyal to them? Take Airbnb for example, their mission is to “help create a world where you can belong anywhere and where people can live in a place, instead of just traveling to it.” They have lived this mission by implementing purpose-centered programs to donate to nonprofits that help people who have been affected by disasters, conflict, or critical illness. As a host, you can choose to donate a portion of your profits, and as a company, Airbnb has donated over $20 million to help those in need of housing.
Innovation in companies is what makes most companies successful. Most people think of innovation and they think of a fun, creative culture that is always trying new ways to do things. But that can be quite off of what it actually is. Innovation takes a lot of hard work, and a willingness to fail and start again– from scratch.
At the center of great companies are great employees. In order to create great employees, you must motivate and inspire them to become better. Some leaders feel as though they have to make all the decisions regarding their company, but that’s not the case. As a leader, it is your responsibility to empower your employees to continue to grow as both employees and people. This begins with trust.
Determining the purpose of your business is one of the most important things you can do. Your company’s purpose should inform the decisions you make to move your organization forward. Developing a purpose can be challenging, and acting on that purpose proves even more difficult. How can you turn your company’s purpose into strategy?