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In an increasingly remote and dispersed workforce, it is more challenging than ever to establish and maintain an inclusive, constructive culture. But, employees and leaders agree that workplace culture can determine an organization’s success. It is clearly more important than ever.
It’s not just employee satisfaction that hangs in the cultural balance. Companies with cultures focused on cultivating and supporting their talent saw revenue growth up to 682%.
Organizations that prioritize a positive and equitable culture that nurtures talent will gain an advantage in today’s global, competitive workplace. Those that don’t will face difficulties in retention, recruitment, branding, and overall performance.
A diverse, dedicated, organizational culture distinguishes exceptional companies. Keystone Partners can help you develop yours.Contact us today to learn more
Strategic Cultural Investments that Spur Growth
A company’s culture refers to the way its employees embody organizational values. Achieving this level of engagement in today’s complex work environment presents a new level of challenge for HR leaders.
Culture does not simply refer to the ways in which companies support their teams. It includes efforts like:
- Diversity, Equity, Inclusion and Belonging
- Psychological safety and open communication
- Succession planning and leadership development
- An environment that encourages growth and advancement
Companies that create a positive and inclusive culture:
Companies that embrace diversity in their management teams are more innovative, with 19% higher revenue from new products. Organizational inclusivity begins at the top and drives growth.
Instill Inclusive Behaviors
Millennials are more engaged in their work when they work in an inclusive culture. Successful organizations recognize the gaps in their talent and adopt solutions that instill inclusive behaviors into values and competencies.
Hold Leadership Accountable
The differences between negative and positive cultures lie in a team’s leadership. Companies that invest in management through leadership development programs, like those provided by Keystone Partners, develop stronger cultures.
Invest in Employee Development
When provided with career development opportunities, 94% of employees will stay at their organization longer. Investing in your employees’ success increases their engagement in your organization, its culture, and ultimately its success.
Prepare for Change
HR leaders believe that their teams are fatigued by the persistent change common in the modern workplace. Organizations with constructive cultures are prepared to help employees adapt to change and succeed through evolution.
Offer Supportive Outplacement
Employees who stay with an organization that has recently outplaced employees trust management less. A secure sense of trust is integral to ensuring employees remain invested in your culture.
A forward-looking culture begins with a firm belief in the value of your organization’s talent. Keystone Partners’ programs develop employee-focused strategies across all levels of your organization to build the best company culture possible.
By developing current and future leaders, core competencies, and a pipeline for smooth transitions, we help you build a resilient brand and team built on a culture your employees are proud of.
Our services include:
- Leadership Development: Develop a well-defined talent bench that can cultivate an integrated company culture
- Career Management: Teams with clear advancement paths and the tools to pursue them are more invested in organizational culture
- Outplacement: Maintain your organization’s reputation by supporting exiting employees and those who stay with your company
- Executive Services: Ensure your executive team continues to lead with purpose by helping them determine what’s next
Comprehensive Organizational Support Builds More than Great Company Culture
A better culture leads to a better bottom line. Companies that recognize and capitalize on the complex intricacies of a truly healthy culture find a new level of success.
Keystone Partners encourages multifaceted strategies that capitalize on the challenges presented by the modern workplace and build a more adaptable, invested workforce. We help companies like yours:
- Win Top Talent
- Deepen Critical Skills
- Empower Leaders
- Thrive Amidst Change
- Support Smooth Outplacement
How does company culture affect productivity?
Great company culture is directly responsible for employees’ happiness, and happy employees are 12% more productive than their dissatisfied counterparts. Developing a supportive, inclusive culture positively impacts your organization’s productivity.
Who owns company culture?
Your organization’s leadership is responsible for cultivating your company’s culture. Effective leadership makes up 70% of a company’s successful (or unsuccessful) cultural strategies.
Can company culture change?
Yes, company culture can, and often should change, and it begins from the top down. Investing in leadership development programs, like those offered by Keystone Partners, can develop cultural priorities in your management teams, who will then distribute them across your teams.
Contact Keystone Partners Today
The first step to achieving long-term organizational success starts with an honest conversation about your organization’s biggest challenges and aspirations. Tell us about your organization and our professional consultants will follow up to discuss which results-driven solutions we think will work best for you.
- Core beliefs and culture Chairman’s survey findings. (2012). Deloitte. https://www2.deloitte.com/content/dam/Deloitte/global/Documents/About-Deloitte/gx-core-beliefs-and-culture.pdf
- Lorenzo, Voigt, Tsusaka, Krentz, And Abouzahr. (2018, January 23). How Diverse Leadership Teams Boost Innovation. BCG. https://www.bcg.com/publications/2018/how-diverse-leadership-teams-boost-innovation
- 2022 Workplace Learning Report: The Transformation of L&D. (2022). LinkedIn. https://learning.linkedin.com/resources/workplace-learning-report
- Nair, S. K. (2008). Organizational downsizing: A study of survivor attitudes. ICFAI Journal of Organizational Behavior, 7(1), 23-40.
- New study shows we work harder when we are happy. Warwick. https://warwick.ac.uk/newsandevents/pressreleases/new_study_shows/
When is the Right Time to Invest in the Development of the Key Leaders of Your Biotechnology Organization?
Rob Byron November 02, 2022 HR Trends, Leadership, Talent Management
Culture, HR Strategy, HR Trends, Talent Management