A Totally Rad Total Rewards Glossary

Glossary of Employee Recognition, Total Rewards and Company Culture Terms

Company Culture

Company culture refers to the shared values, beliefs, attitudes and practices that shape the behaviour of individuals within an organisation. It encompasses the company's mission, vision and goals, as well as its leadership style, communication practices, work environment and employee relations. Company culture is a key factor in attracting, retaining and engaging employees, as it creates a sense of belonging and purpose that motivates individuals to perform their best.

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What is the importance of company culture?

Company culture is important because it shapes the way employees perceive their work, their colleagues and their company. A strong and positive culture can foster a sense of community, belonging and pride, which leads to higher job satisfaction, employee engagement and retention rates.

How does Company Culture drive employee engagement and motivation?

When employees feel that their work aligns with their values, interests and aspirations, they are more likely to be engaged and motivated to do their best. Moreover, when employees receive recognition and feedback that reinforces their contributions and skills, they are more likely to feel valued and connected to their work and their colleagues.

What are some best practices for creating company culture?

To create company culture, you should:

create a clear and compelling mission statement
foster open and transparent communication channels
provide opportunities for learning and development
promote work-life balance and wellness initiatives
recognise and reward employees for their contributions
embrace diversity, equity and inclusion principles.