Research from the 2021 Global Culture Report shows company cultures provide a critical competitive advantage for organisations, especially in times of crisis. Workplace cultures are made up of 6 key elements that, when done well, make an organisation a magnet for talent:
• Purpose
• Opportunity
• Success
• Appreciation
• Wellbeing
• Leadership
Companies that excel in these six Talent Magnets™ are:
• 4x more likely to have highly engaged employees
• 4x more likely to have employees that are promoters on the standard Net Promotor Score (NPS)
• 74% more likely to have increased in revenue last year
• 7x more likely to have employees innovating and performing great work
• 11x less likely to have experienced layoffs in the past year
How do you perform in the 6 Talent Magnets? How is your company culture? Use our culture checklist to see where your company culture excels, and where there is room for improvement: