Before we jump onto knowing about the organization’s high-performance work culture, we should learn about the ideal company culture. Company culture is the set of actions used to determine how work has to be done. A high-performing work culture impacts every corner of the organization. According to Gartner, an American research and advisory firm, high-performance culture refers to the physical or virtual environment formulated to make the employees effective for business goals and values.
Benefits of Maintaining High Performing Work Culture
Do you know that low engagement within the organization results in a reduction of 33% in operating income and 11% in earnings growth. The business will not thrive effectively until the employees are satisfied with their jobs. Below we have listed the benefits of having a high-performance work culture within the organization.
- More Empowerment to Employees
With the assistance of a leader, an employee can create their purpose and empower themselves. They will not feel penalized if they are encouraged to share their opinions and authority. According to the research of Gallup, around 59% of employees are less likely to quit their present job if they feel engaged and thriving in the organization.
- More Collaboration
When employees perceive engagement along with senior management and colleagues, they start to collaborate more with the team to achieve the shared goals. Employees are encouraged to work more productively and move ideas through the organization.
- Better Financial Result and Competitive Advantage
Non-financial benefits are effectively associated with financial benefits. High productivity costs the company less and results in a positive turnover. It stabilizes business with budget control leading the company to gain a competitive advantage. The company with high HPO has a comparatively more profitable financial result.
How to Establish a High-Performance Work Culture?
According to Hochtief, high-performance work culture can only be prompted by the individuals who are continuously involved in strengthening engagement and making decisions. Following the best ways which a company easily achieves high-performance work culture.
- Recruitment and Retention
The recruitment of the right and skilled people for team building is an effective way to attain high-performance work culture. They are more likely to work with full potential and seek developmental opportunities.
- Avoid Misunderstanding
The common misunderstanding is often made on recognizing the abilities, talents, and skills of employees by the leader. Employees should be provided with projects, opportunities, and responsibilities equitably.
- Focus on Producing Quality Work
High-performance work culture is not all about the amount of work. Putting employees into work consistently for long hours doesn’t produce quality work. Leaders should focus on producing quality work, not on increasing quantity.
In high-performance work culture, the team members seek purpose and development. Employees must enjoy their job within the workplace. The right environment and opportunities motivate every employee to work with full potential.