Poor company culture costs UK economy £23.6 billion per year

A new report called The Culture Economy claims that 1 in 3 UK employees blamed a poor company culture for leaving their job.

HR software provider breatheHR contrasts this with their findings that 6 in 10 SME leaders consider a good culture not as an ‘essential’ but only as a ‘nice to have’.

Only half of SME leaders believe that a positive culture leads to improved relationships and morale, and just 4 in 10 recognise its potential to encourage employees to go the extra mile, to improve customer service and to boost productivity.

A mere 1 in 3 SME leaders see a positive culture as playing a role in reducing employee turnover.

Patrick Woodman, head of research for the Chartered Management Institute, said:

“As this timely report shows, a strong, inclusive company culture is essential for long-term business performance. The tone is set from the top, so management and leadership play a crucial role and creating the conditions for workers to thrive. In particular, transparency and communication are vital for building trust and engendering a sense of purpose among staff.”

How can MSB help?

We have a 30 year track record of designing, delivering and sustaining major, tailored culture change programmes for public and private sector organisations - from airlines and multinational banks to government departments and NHS Trusts.

Most recently, MSB has been implementing a significant culture and behavioural  change programme with a high profile, quasi-autonomous government agency in the Middle East.  The case study can be found here - http://www.msbconsultancy.com/tamkeen.html