You often hear how a company’s organisational culture is key to happy employees, a growing business and success. But what is organisational culture really about? Is it something as simple as hanging inspirational quotes on the wall, offering fresh fruit and sprinkling comfortable chairs, lounges and cushions around the office?
Employee Performance productivity human capital company culture
Are HR professionals just administrators or can they also play a strategic role? It’s a question that has been hotly debated for many years, but many businesses thought they had found the answer when they adopted the so-called Ulrich model. This handed transactional work to staff in shared services centres, freeing up other members of the HR team to focus on higher value work as experts in recruitment, reward and other specialist areas or as business partners. At least that was was the theory.
What’s the first thing that comes to mind when you think of employee engagement surveys? Fun, useful and a chance to reflect? Or time-consuming, irrelevant and with no apparent use?
Employee absence eats into company profits. The problem isn’t just the direct costs of paying workers while they are off sick. When you add all the indirect costs, including lost production and paying for staff cover, absenteeism can consume as much as 15% of an organisation’s payroll, according to one study.
"Employee engagement" and "company culture" are hot topics in the HR Tech world these days, and for good reason. The two go hand-in-hand in creating a better work environment. What you probably don’t see too often, though, is “human capital productivity.” However, as unknown as it might be, it’s importance is extremely high.
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