Company Culture: What and Why?
Jul 30, 2017
Company culture refers to the combination of a company’s beliefs, ethics, goals and how a company's employees and management interact and handle outside business transactions. It is not something explicitly mentioned or laid down, it is just something that is developed over time.
It is important for a company culture to develop because it develops solidarity among the organization. Big names such as Google, twitter and Facebook are well known for their company culture. Their offices, no matter in which part of the world they are, are famous for their various perks such as Free meals, employee trips and parties, financial bonuses, open presentations by high-level executives, gyms, a dog-friendly environment at Google, yoga classes and free meals at twitter and lots of food, stock options, open office space, on-site laundry at Facebook.
In the workplace if the employees feel ‘out of place’ then this would degrade their working efficiency, on the other hand if they feel comfortable with their work culture they would enjoy their work, and would work with greater efficiency, employee satisfaction oils the machinery of a successful organization.
Positive and unique company culture that is developed within an organization attracts workers towards it. People choose where to work not only on the basis of the job profile and salary offered. They also consider the kind of work environment a company offer, its reputation, basically the culture that dwells within the office of that company.it also helps as a factor of employee retention.
Harnessing a positive and healthy company culture is advantageous especially to big multinational companies. Because of development of a culture there is uniformityamong all its units. This makes administration easier and also prevents workers from developing a feeling of unequal treatment as everyone in every office, irrespective of the place or level in the hierarchy works in the same work environment.