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Everyone's Investing in Culture Now. Here's Why. (Part I)

PLACEHOLDER FOR CONTENT. ARTCLE IS WIP.


The Culture Wave is Here

Budgets are now shifting toward initiatives that have a predicatable impact on employee engagement, recognition, loyalty, and retention. Companies are looking for help from trusted partners. A window of opportunity is openning right now to position as a go-to supplier for this unique kind of programming, with very little additional effort.


Employee Engagement's Impact on Revenue & Profits

  • Higher employee engagement levels can increase profitability by 22%. (Gallup)

  • Businesses with high employee engagement are 21% more profitable than their counterparts (Gallup)

  • Companies with high-performing company cultures experienced a 682% increase in revenue compared to only 166% increases in revenue for firms without these cultures. (Forbes)

Employee Engagement's Impact on Productivity

  • Companies with highly engaged workforces scored 17% higher on productivity. (Gallup)

  • Business productivity increases by 31% when employees are happy. (Harvard Business Review)

  • 71% of executives say that employee engagement is critical to their company’s success. (FastTrack 360)

Employee Recognition's Impact on Key Business Metrics

  • 90% of HR respondents said that an effective recognition program drives business results. 91% of them agree that it has a positive effect on retention. (Reward Gateway)

  • 72% of businesses agree that recognition impacts engagement positively. (Harvard Business Review)

  • Recognition programs can help drive an 11.1% increase in average employee performance. (Gartner)

  • Employee productivity, performance, and engagement are 14% higher in organizations with recognition programs than in those without them. (Deloitte)

  • A simple expression of thanks by someone in authority led people to be 50% more productive. (Journal of Personality & Social Psychology).

Another big reason is culture's impact on recruitment, hiring and retention. We'll look at the abundance of stats for that in a separate article.


In the meantime,



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