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Company Culture and the Impact on Profits

Company Culture and the Impact on Profits 2048 1365 Sprockets

Having been a senior executive at a billion-dollar company I can tell you that company culture is important, however, it normally doesn’t trump profits. If you are ready to make a change in your workplace, be mindful of this. To be effective, discuss the direct correlation between a high-performance culture, productivity, and profits in these three steps.

Tip 1: Don’t get too “soft” during your conversation.

The hard truth is that no CEO wants unhappy and disengaged employees, but, in most cases, they are not willing to trade profit to have them. The good news is that great companies have both. Salesforce was rated the best place to work in the country in 2017 by FORBES with operating income over $2.2 billion. It can be done.

"Only 15% of employees nationwide are engaged - costing companies thousands of dollars"Tip 2: Have an Itemized Proposal

If you need to ask for a budget to implement some of your ideas, be thoughtful, and have an itemized proposal. The more thoughtful your presentation, the more likely you will get the budget you need. The more you can tie your initiatives to business performance the better. Be bold, but be prepared to back up your conclusions with facts.

Tip 3: Start Slow

If this is the first time your company is implementing cultural initiatives you might want to start slow with things that don’t cost any money, like coordinating a charity event, or a scavenger hunt. Once the CEO sees the benefit he or she might be willing to cut loose a few dollars to see just how far you and your team can take things.

Read the full E-Book from Pete Richichi on How to Discover and Build Your Company Culture with a free download.

How to Discover and Build Your Corporate Culture

How to Discover and Build Your Corporate Culture 150 150 Sprockets

In today’s workforce, company culture is more important than ever. Employees who match the company culture and thrive in it actively contribute more to the bottom line. Read on to learn from Pete Richichi, COO of Sprockets, who has over 20 years of experience developing teams and building a positive culture where people can thrive.

Key Takeaways:

  • The Culture Discovery Process
  • Realizing the Relationship Between Culture & Profits
  • Implementing a Culture-Driven Program
  • Navigating Difficult Personnel Decisions

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