{"id":53422,"date":"2022-04-12T12:36:55","date_gmt":"2022-04-12T16:36:55","guid":{"rendered":"https:\/\/www.sogolytics.com\/blog\/?p=53422"},"modified":"2022-04-13T11:47:48","modified_gmt":"2022-04-13T15:47:48","slug":"benefits-people-first-culture","status":"publish","type":"post","link":"https:\/\/www.sogolytics.com\/blog\/benefits-people-first-culture\/","title":{"rendered":"7 Benefits of a People-First Culture"},"content":{"rendered":"

Looking at history, we tend to shake our heads disdainfully at the \u201crobber barons\u201d of the past who only cared about the business bottom line. Today, businesses are thinking about sustainability, diversity and inclusion, and ways to put people over profits. We\u2019ve already examined what a people-first culture looks like<\/a>. Now, let\u2019s continue our discussion by exploring the seven benefits of a people-first culture.<\/p>\n

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1. Improve recruiting<\/h2>\n

In almost every industry today, there exists a talent shortage. Finding the most qualified candidates for your available roles can be easier when you demonstrate a people-first culture. After all, employees want to feel valued and respected. They want to know that their personal development matters<\/a> to you, and that you will actually support a healthy work-life balance (not just talk a good game).<\/p>\n

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\"people-first<\/p>\n

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In fact, according to the Harvard Business Review<\/a>, 9 out of 10 people are willing to make less if they can do more meaningful work<\/a>. Employees were even willing to give up 23% of their entire future earnings in exchange for doing work with greater meaning.<\/p>\n

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A people-first culture will also grow your pipeline passively, as your own employees will be more likely to recommend your business to those looking for work. This will help you to hire more diverse applicants, as well, which brings its own set of benefits.<\/p>\n

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2. Improve retention<\/h2>\n

In the age of the Great Resignation<\/a> and a new population of workers looking more for meaning than money, a people-first culture can help with retention. This type of work environment emphasizes job and life satisfaction over simply meeting set goals. That, in turn, helps their engagement.<\/p>\n

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You\u2019ll also have more engaged employees if your workforce feels the appreciation for what they bring to the business. In one Deloitte study<\/a>, \u201chigh-recognition companies<\/a>\u201d had \u201c31 percent lower voluntary turnover than companies with poor recognition cultures.\u201d<\/p>\n

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Happy employees are also less likely to be absent or take sick days. In fact, studies show that people-first organizations see 26% fewer mistakes, 22% higher productivity, and 41% lower absenteeism, according to Inc.<\/a><\/p>\n

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3. Reduce stress<\/h2>\n

This is a contributing factor to improved retention, but is also important enough to merit its own section. A people-focused work culture reduces stress for employees.<\/p>\n

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\"people-first<\/p>\n

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A people-first culture is focused on encouraging wellness and self-care, giving individuals freedom to experiment with new ideas, and supporting collaboration and teamwork over competition. In this environment, employees are less likely to experience the anxiety and depression<\/a> that can cause productivity decline and human error.<\/p>\n

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4. Increase customer satisfaction<\/h2>\n

If your employees feel happier at work, they\u2019re more likely to provide great customer experiences<\/a>. As SyncHR puts it, \u201cWhen employees aren\u2019t struggling on the job and feel like their basic needs are being met, they can focus on providing the highest levels of customer service that are required in today\u2019s hyper-competitive market.\u201d<\/p>\n

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Studies show<\/a> that culture-driven organizations experience 30% stronger customer satisfaction than other businesses. \u201cWhen your people are happy, your clients are happy\u2014<\/span><\/span>no matter what industry you’re in,” Bob Habeeb, president and CEO of First Hospitality Group<\/a>, told Inc.<\/p>\n

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5. Increase agility<\/h2>\n

When people are stressed or unhappy, it’s more difficult for them to be flexible<\/a>. Instead of embracing change, they are more likely to fight the initiative, or freeze in the face of a call to adapt.<\/p>\n

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In today\u2019s business environment, agility is key. Prioritizing people to ensure that they feel appreciated can help make your organization more adaptable.<\/p>\n

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6. Be more innovative<\/h2>\n

Similarly, individuals are more likely to innovate and feel creatively inspired when thriving in a people-first culture. A people-first culture is a supportive one. That support is foundational to the kind of risk-taking and out-of-the-box thinking that is needed to innovate and break new ground.<\/p>\n

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Instead of focusing on getting more out of people, it\u2019s important to be more human-centered, says Shane Metcalf<\/a>, chief culture officer of 15Five. \u201cPeople-first environments foster psychological safety and belonging, which produces more creative thinking and long-term high performance.\u201d<\/p>\n

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7. A better bottom line<\/h2>\n

Putting people before profit doesn\u2019t mean you can\u2019t also make money along the way. Empowering your employees with a people-focused culture tends to pay off.<\/p>\n

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According to Achievers<\/a>, \u201cBusinesses with highly motivated workers are\u202f21 percent more profitable. On the other hand, disengaged employees in the U.S. cost businesses a staggering\u202f$450 to $550 billion each year.\u201d<\/p>\n

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\"people-first<\/p>\n

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Putting a people-first culture in place<\/h2>\n

Now that you know just how valuable a people-first culture can be, you probably want to know exactly how to get one. Well, you’re in luck\u2014that’s<\/span><\/span> the subject of our next article in this series! In the next installment, we\u2019ll share specific examples from global companies that are currently reaping the many benefits of a people-first culture.<\/p>\n

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In the meantime, if you want to know how your employees feel about your current workplace culture, try Sogolytics\u2019s engagement tools<\/a>. With SoGoEX, you’ll find it much easier to gather, analyze, and mobilize employee data to transform your workplace.<\/p>\n","protected":false},"excerpt":{"rendered":"

Looking at history, we tend to shake our heads disdainfully at the \u201crobber barons\u201d of the past who only cared about the business bottom line. Today, businesses are thinking about sustainability, diversity and inclusion, and ways to put people over profits. We\u2019ve already examined what a people-first culture looks like. Now, let\u2019s continue our discussion by exploring the seven benefits of a people-first culture. 1. Improve recruiting In almost every industry today, there exists a talent shortage. Finding the most qualified candidates for your available roles can be easier when you demonstrate a people-first culture. After all, employees want to feel valued and respected. They want to know that their personal development matters to you, and that you will actually support a healthy work-life balance (not just talk a good game). In fact, according to the Harvard Business Review, 9 out of 10 people are willing to make less if they can do more meaningful work. Employees were even willing to give up 23% of their entire future earnings in exchange for doing work with greater meaning. A people-first culture will also grow your pipeline passively, as your own employees will be more likely to recommend your business to those looking for work. This will help you to hire more diverse applicants, as well, which brings its own set of benefits. 2. Improve retention In the age of the Great Resignation and a new population of workers looking more for meaning than money, a people-first culture can help with retention. […]<\/p>\n","protected":false},"author":41,"featured_media":5040,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,156],"tags":[198,164,241,168,801,382],"yoast_head":"\n7 Benefits of a People-First Culture - Sogolytics Blog<\/title>\n<meta name=\"description\" content=\"Understanding the business impact of prioritizing people over profits can help you take advantage of the benefits of a people-first culture. 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