What is a modern workplace Culture? In this current market, it has never been more important to find new ways to engage with our employees in the workplace. Workplace culture is the experience they have in their work environment. It impacts how it feels for employees to come to work every day and how they interact with each other.
The traditional workplace culture, which is often rooted in hierarchy and authoritative behaviors, and strict policies, is being replaced with a new modern workplace. Modern workplace cultures engage employees in more open communication and provide more inspiration to be creative and empower them with more autonomy to be a bigger part of the business.
What are the factors driving this change in culture? Some factors driving this shift towards modern workplace culture, is firstly the rising expectations employees have of their employers – which is driven, in large part by the millennial generation, which is now the largest generation in the current workforce. This coupled with the strains and flexibility given during the pandemic has made expectations very high.
Technology is the second key factor, digital messaging platforms, emails instant messaging, video calls and mobile devices enable more flexibility and in some workplaces, employees can carry out their duties from almost anywhere. Embracing this can build a culture built on mutual respect, trust, and accountability to meet rising employee expectations.
Why should you care about workplace culture? The rising expectations and technology trends are driving change, but ultimately business performance is what determines a true cultural shift. The data supports the positive impact of modern workplace culture. There have been many studies to show that an organisation culture HAS the power to affect business outcomes.
Attracting talent – Putting positive workplace culture at the centre of talent acquisition efforts (especially in these times) can reduce the cost and time of attracting new talent, increasing the ability to bring in top performers.
Retaining talent – If you’re seeing increased employee turnover, create a workplace where employees want to stay. If employees are empowered and their values align with the business your retention rate will be much higher.
Employee Engagement – This is how committed workers are to their role and it's often correlated to critical business metrics like revenue and customer satisfaction. Giving employees greater ownership of their work, earning mutual trust and respect will significantly increase employee engagement.
Productivity, profitability, and growth – Engaged employees are more motivated and inspired to accomplish more work at higher quality, with better results.