The Impact of Culture
in facts & figures!!
Retention
Engagement
Recruitment
Companies with strong cultures are associated with increased productivity, better employee engagement, and higher profitability. Below is a summary on how culture relates to recruitment, retention & engagement.
Recruitment
Can we get people?
88%
Of job seekers say a healthy work culture is vital for success.
86%
Of job seekers avoid companies with a bad reputation.
82%
Of people believe that culture is a competitive advantage.
Retention
Can we keep people?
63%
Of US companies find it harder to retain than to hire employees.
$50bn/year
Cost of employee turnover triggered by a toxic culture.
~1.5x
Annual salary cost of losing an employee.
Engagement
Can we maximize people?
$7.8tn
Of job seekers say a healthy work culture is vital for success.
$550bn
Of job seekers avoid companies with a bad reputation.
43% decrease
in turnover from teams with engaged employees.
Here are the sources for the facts & figures above, plus other great reads!
Want to read more?
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