Corporate culture
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Employee turnover is totally normal for businesses but high turnover rates can become problematic if managers do nothing. A high churn rate does not only increase operational inefficiencies and costs of staff training, it lowers employees’ morale and eventually cripples productivity. The negative impact of bad workplace culture is enormous. According to 2023 insights from…
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The Denison model is a culture alignment tool that uses four key elements of corporate culture—adaptability, mission, involvement, and consistency—to examine an organization’s strengths and weaknesses and determine how internal factors affect overall performance. Four cultural traits in the survey model also align with twelve management-related practices known to improve the competitiveness and profitability of…
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INTRODUCTION This chapter gleans relevant publications on theories and concepts relating to corporate culture and turnover, as well as employee attraction, retention, and engagement, with focus on eliminating knowledge bias to understand how real-life application of theoretical models in organizational management influences outcomes. Further, this chapter examines the link between corporate culture on turnover. To…
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Abstract The study investigates the influence of organisational culture on employee retention among private universities in Ghana. From the review of literature, it appears that the issue of culture in relation to employee retention has not been given much research efforts, especially among private universities in Ghana. The study adopts Handy’s cultural model as limited…
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More than ever before, employees have the upper hand in the employment game. They have information (just take a look at Glassdoor or Indeed company reviews) and more options (ahem, hello record-low unemployment) than ever before. Plus, companies that are willing to offer attractive benefits like generous leave, flexible working and a rewarding culture will…
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Abstract Purpose This study aims to investigate whether and how corporate seniority culture (a form of high-power distance or hierarchy), a typical feature of Confucian norms, affects the corporate innovation efficiency in emerging markets. Design/methodology/approach This study defines and measures seniority culture through the ranking method of independent directors in company’s annual report. Unlike most…
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Speak to most BAME employees in the UK and they will have a story where they have felt excluded from their workplace because of a comment from a colleague. “Where are you actually from?” “You’ve got great hair; can I touch it?” “Sorry, I thought you were working in security.” Comments such as these may…
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