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One can't deny the impact culture can have on organizational performance. Though culture is an intangible measure it can have a profound impact upon the bottom line. There has been much research into the link between financial performance and the intangible of culture. Culture is a key ingredient in how well regarded companies are to work for by their people. Research from Hewitt Associates has found that those organizations named in their Best Employers study record nearly double digit growth compared to other organizations. Not only that, but they also boast average profit growth of 21 per cent, compared to just 12 per cent for other organizations.
It does take time and leadership from the top to effect culture change, but as those with great cultures have shown, the results are well and truly worth it. This way the corporations can balance the triple bottom line: People-Planet-Profit. |
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Research from Hewitt Associates has found that those organizations named in their Best Employers study record nearly double digit growth compared to other organizations. Not only that, but they also boast average profit growth of 21 per cent, compared to just 12 per cent for other organizations.
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- Maximise RoI on human capital
- Get clear vision for better decision Making
- Achieve dynamic balance between externalisation and internalisation
- Transform attitude from self-centric to situation-centric
- Learn to see the solution in the very problem being solved
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