The best company culture in the world entails a set of beliefs, norms, and values shared throughout the organization. It can help employees work together better by fostering an environment of trust and shared purpose.
Starting an organization has the same elements as building a house. An organization’s culture forms the blueprint from which other structures, such as branding & corporate identity stem. Think about an organization’s culture as the ballast that glues its employees and makes it a desirable workplace.
“Determine what behaviors and beliefs you value as a company, and have everyone live true to them. These behaviors and beliefs should be so essential to your core that you don’t even think of it as culture.” – Brittany Forsyth, VP of Human Relations, Shopify.
77% of employees who took part in a study passionately stated that they would consider a company culture before applying for a job. On the other hand, 65% of millennials are more likely to care about work culture over salary than 52% of those aged 45. 89% of adults interviewed told researchers that it was important for employers to “have a clear mission and purpose.” The study found out that a company's mission & culture matter more than salary.
Benefits of having a good company culture
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Increases employee retention
Let us face it: employee retention is a massive pain in the flesh. But if you have a clear sense of what your company's culture is and why it's essential, you can make it easier for employees to stick around—and not just because they are getting paid well.
As an organization, you want to foster a culture where your employees are making a difference, feel valued and appreciated, and trust their managers. You also want them to be challenged by their work and feel like it matters.
If you can achieve that, your employees will be able to achieve more than just their own goals—they'll be able also to help the organization achieve its goals.
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Attracts talent and promotes collaboration
Companies that have the best culture in the world make it easier for employees to do their jobs well because they have a common understanding of how the organization does things. This makes it easier for them to collaborate on projects and share knowledge more effectively.
It also helps attract talented employees who want to work at a place where they feel like they belong and will fit in with other team members. Companies with strong cultures tend to be more successful than those without, so they need to make sure they are doing everything they can to foster this kind of environment within their walls!
Let's look at the characteristics of the best company cultures in the world
A company culture built on trust, respect, clear communication, and a shared purpose can lead to a solid bottom line. A positive culture can lead to higher employee engagement and retention, which leads to lower turnover costs, higher productivity, and better customer service.
The best company culture in the world encourages employees to be themselves and feels comfortable. It allows them to contribute their ideas and encourages them to continue learning. It is also, where employees are rewarded and encouraged to do better.
Positive company culture fosters a high level of trust between managers and employees. Everyone should feel like they can speak honestly and openly without fearing being judged or punished for their views. People work hard but also play hard. They are driven to succeed and want to win, but they also want to have fun. It's like a family where everyone is friends, and the employees want to make each other successful. Most importantly, the best company culture has a strong vision and mission that all employees know and understand. This makes gives them a sense of purpose making them happy and productive. The best company culture comprises people who are passionate about their work and feel connected to their colleagues. How a company treats its employees is also vital, as it will be reflected in the quality of work they produce.
These are some of the companies that have the best company culture in the world
1. Microsoft
Microsoft made it to the list of the best employers in South Africa for 2021. They were ranked as such based on their excellent employee conditions, the nurturing and development of talent throughout all levels of the organization, and their continuous efforts to optimize employment practices.
2. Facebook
Facebook understands its success lies in roping in top talent and creating a work environment that attracts these employees. Management also addresses some of the challenges associated with a highly competitive work environment by promoting a flat organizational culture and creating literal breathing space.
Facebook’s office design is reflective of its corporate culture. An open plan with minimal partitions between employees, who are encouraged to move around freely throughout their day; collaborative spaces for meetings; an abundance of outdoor areas for socializing; a wide range of food options; and more than 30 cafes serving everything from gourmet coffee to freshly squeezed juice in places like Thailand where there are many different cultures at work.
3. Google
Google’s name has become synonymous with innovation and technology. However, did you know these people have a cool corporate culture too?
The company is known for a buzzing corporate culture based on management looking after their team, so their team can focus on the job at hand. As such, Google employees can expect everything from free meals, an on-site gym, and laundry services to various engagement trips, games, and parties.
4. Nike
Nike is a brand that believes in the power of a healthy body to house a healthy mind. That is why they offer employees many opportunities for growth and development. Their offices feature gyms and on-site physiotherapists, tennis courts, and basketball courts—you name it. In addition, if you want to take it up a notch? They have classes and courses on merchandising, leadership, and management for those who want to reach greater heights in their career.
5. Accenture
Accenture, a global management consulting, technology services, and outsourcing company, ranked third among the top employers in South Africa for 2020 as decided by the Top Employers Institute. The business stood out from local competitors due to a strong focus on leadership development, career and succession management, and compensation and benefits.
6. Twitter
Twitter is known for having a casual and learning-based environment. Twitter has created an aura of space where employees enjoy being and directly affects the team's effectiveness and general well-being. As a result, their employees are highly engaged, and talent retention has improved.
These top companies have the best company culture in the world. They have created an authentic, vibrant culture that brings people together and makes them feel part of something special. They all have leaders who understand that a great company must be built from the ground up, with employees at its core.
