Corporate Culture Secrets of Five Companies Employees Love

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How innovative companies are creating ways to build company culture while seeing tangible benefits. CORPORATE CULTURE SECRETS OF FIVE COMPANIES EMPLOYEES LOVE

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Corporate Culture Secrets of Five Companies Employees Love

Transcript of Corporate Culture Secrets of Five Companies Employees Love

Page 1: Corporate Culture Secrets of Five Companies Employees Love

How innovative companies are creating ways to build company culture while seeing tangible benefits.

CORPORATE CULTURE SECRETS OF FIVE COMPANIES EMPLOYEES LOVE

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INTRODUCTION

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Creating the right culture for your company could be the best investment you ever make – and often, it doesn’t cost a dime. The world’s most innovative companies find hidden value by operating outside of established business culture. Time and time again, competitors are left asking, “How did they do that?”

The answer is simple: Culture.

The right culture fosters innovation, finds talent in unexpected places, and empowers employees at all levels. There isn’t a one-size-fits-all solution, but the following examples from leaders of innovative company culture will help you adopt a mindset that inspires greatness.

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FOSTERING INNOVATION WHILE DEVELOPING EMPLOYEES

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If you get the culture right, most of the other stu! will just take care of itself.Tony Hsieh, Founder and CEO, Zappos.com

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Ideas From Everywhere (IFE) is a program for CareerBuilder employees, launched nearly 8 years ago as part of a company decision to adopt a strategy centered on innovation. In essence, employees are encouraged to submit their ideas for new businesses within the company. Their fellow employees are then asked to vote for the best idea. The winner is awarded financing to then start the business.

Employees are very active in the program, both in terms of the

numbers of employees submitting ideas and the number of votes

cast. Through the years we’ve learned as much from the runner

ups as from the winning ideas, resulting in new products and

refinements to the way we work.

Rosemary Haefner, VP of human resources

FOSTERING INNOVATION WHILE DEVELOPING EMPLOYEES

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The perks of working at Google are well known, and almost legendary—free meals, on-site medical services, and even usage of electric cars. But one of the reasons Google will forever be linked with innovation is the value the company places on cross-discipline idea generation.

Management takes professional development very seriously. We are

given the flexibility and time to work on any projects that interest us,

even if it’s with another team and not in our job scope. This is a great

way to expand skills, meet new teams and potentially pivot your career

plan. Also, we have the opportunity to apply for a quarterly rotation

outside of our o"ce, including international o"ces.

I’ve seen many coworkers take a product idea, beta test it and, if

successful, receive the company’s backing to develop it fully.

Kevin Fields, business development manager

FOSTERING INNOVATION WHILE DEVELOPING EMPLOYEES

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FOSTERING INNOVATION WHILE DEVELOPING EMPLOYEES

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FUN FACT:

McDonalds’ most famous product wasn’t named by an advertising committee or some visionary

copywriter. The Big Mac was named by a McDonald’s secretary, Esther Glickstein Rose, after she

asked an executive what he was up to.

ACTION ITEM:

Work to develop a system internally where employees are exposed to other disciplines within

the company on a regular basis, and asked to contribute their thoughts on a particular problem

or challenge outside of their normal scope of work.

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PLACING A PREMIUM ON EMPLOYEE FEEDBACK

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Feedback is the breakfast of champions.Ken Blanchard, author and management expert, CareerBuilder

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CareerBuilder surveyed 3,500 full-time workers nationwide and asked what companies can do better to boost employee retention. Besides benefits and salaries, flexible work schedule ranked number one, slightly ahead of increased employee recognition.

This is o#en overlooked. When employees feel they

have a real voice in the direction of their organization,

they are much more likely to develop loyalties.

Ryan Hunt, senior career advisor

PLACING A PREMIUM ON EMPLOYEE FEEDBACK

Number of participants of a 2013 CareerBuilder survey

who said that putting employee feedback into action

was a reason they choose to stay with their companies.

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As a company focused on using technology to bring people together, Eventbrite is a logical place to expect innovative culture. And it holds true, particularly when it comes to empowering employees to not just help shape company culture but to become emotionally invested in it.

Catered meals and unlimited healthy snacks, bike parking, fun perks

like being able to book a discounted massage, a game room… I

could go on and on. The perks are, of course, wonderful but I think

what makes Eventbrite such a great place to work is the complete

transparency. Once a month Kevin and Julia [Eventbrite’s founders] sit

down and answer employee questions in a session we call 'Hartz to

Heart', where we can ask anything we want, and they answer honestly.

Sara Altier, community manager

PLACING A PREMIUM ON EMPLOYEE FEEDBACK

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FUN FACT:

In February 2000, Southwest Airline CEO Herb Kelleher sent a letter to the home of every

employee. “Jet fuel costs three times what it did one year ago. Southwest uses 19 million gallons a

week. Our profitability is in jeopardy,” he wrote. He asked each worker to help by identifying a

way to save $5.00 a day. The response was immediate. Within six weeks of the letter being sent,

employee feedback helped find ways to save the company more than $2,000,000.

ACTION ITEM:

Forget the suggestion box. Solicit feedback from your employees in a transparent way that

holds management accountable for listening. Not every suggestion will be taken, of course.

But all of it should be acknowledged and considered.

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PLACING A PREMIUM ON EMPLOYEE FEEDBACK

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ENCOURAGING EMPLOYEES TO ADOPT THE CORPORATE CULTURE (even outside the office)

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In the end, all business operations can be reduced to three words: people, product and profits. Unless you've got a good team, you can't do much with the other two.Lee Iacocca, businessman and author

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Instead of taking a day to thank their employees, National Instruments (NI) implements an entire week—Employee Appreciation Week—framed around five pillars: community, career development, and physical, social, and financial well-being. The community aspect of NI’s culture, in particular, has taken hold with employees.

To inspire and enable today’s students to become

tomorrow’s innovators, NI heavily invests in improving

science and engineering education, engaging students

with technology, and equipping educators with

resources to help them teach fundamental engineering

concepts in a fun, hands-on way.

Ray Almgren, vice president of marketing

ENCOURAGING EMPLOYEES TO ADOPT THE CORPORATE CULTURE (even outside the office)

served as robotics mentors in the U.S.

IN 2012

NATIONAL INSTRUMENTS

E M P L O Y E E S

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SAS places a premium on creativity. And as a large company (more than 13,000 employees), they can offer great perks to keep employees de-stressed and the ideas flowing—including on-site massage therapy, a free health care center for employees, spouses, partners, and dependents, and even shoe repair. But every business, no matter how small, can emulate SAS on a philosophical level.

SAS’s world-renowned culture is based on trust, flexibility and values.

We nurture creativity and innovation. We encourage employees to

take risks and exceed expectations while helping them balance work

and personal life. Employees know they are trusted to think for them-

selves, challenge themselves and take risks to see what innovation

may be sparked. This trust empowers employees—in all levels and

divisions—to feel worthy and exceed expectations. These relationships

can be found throughout the company, from landscaping and food

service to research and development.

Shannon Heath, Sr. communications specialist

ENCOURAGING EMPLOYEES TO ADOPT THE CORPORATE CULTURE (even outside the office)

SAS’s employee turnover rate compared to the industry average.

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ENCOURAGING EMPLOYEES TO ADOPT THE CORPORATE CULTURE (even outside the office)

FUN FACT:

Bill Gates famously left Microsoft in 2008 to focus on leading his philanthropic Bill & Melinda

Gates Foundation, leaving a lasting impact on Microsoft company culture. Today, Microsoft alumni

have founded and supported more than 150 non-profit organizations and social ventures working

around the world, according to its alumni foundation.

ACTION ITEM:

Set a course for your company culture. Think about what you want your company to represent

and embody, both publicly and internally. How do you want your employees to feel every day

they walk in the door? What are they working for besides a paycheck or vacation days? Come

up with some core values that every output, and every internal initiative should measure up to.

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CONCLUSION

Employee retention, spending reduction, increased productivity, brilliant ideas – all companies spend untold amounts of time and effort to improve achieve these, yet so many fail to recognize how culture affects their success.

In our 40 years of collaboration with meeting planners and professional development experts, we have helped hundreds of companies and thousands of employees learn how to build a culture that benefits everyone.

Visit QCenter.com and read our blog to learn more about how we can help grow your company’s culture.

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