By Karen Greenbaum, President and CEO, AESC
A healthy organizational culture is good for business. “Companies with healthy cultures have three times greater total returns to shareholders,” McKinsey partner Brooke Weddle said in a podcast interview.
A positive organizational culture has the power to reduce turnover, elevate productivity and significantly improve employee engagement and loyalty. At the other end of the spectrum, negative organizational cultures lead to increased employee turnover, a noticeable lack of engagement and even careless mistakes or behaviors. This stark contrast makes it apparent that creating a positive organizational culture is a business imperative.
Although many companies strive for a healthy work environment with clear and intentional values, it can be difficult to achieve. In my organization’s latest survey of C-suite executives, leaders from around the globe identified five major aspects they wish they could change to improve their organization’s culture.
Since 1959, the Association of Executive Search and Leadership Consultants (AESC) has set the quality standard for the executive search and leadership consulting profession. Its members are the leaders in executive talent and leadership advisory solutions. AESC facilitates diverse and innovative thinking in global leadership. World-class executive search and leadership consulting firms join AESC to demonstrate their deep commitment to the quality standard AESC represents and to shape the future of the profession. Business leaders worldwide retain AESC members as trusted advisors to minimize risk and gain competitive advantage in their industries.
The BlueSteps Career Management Blog is written with a C-level audience in mind on career management topics ranging from executive compensation, executive resumes, and interview tips to networking, executive job search, and gaining visibility as a professional in one’s industry. The BlueSteps Executive Search Blog links senior executive candidates to actual retained search recruitment insights from AESC member executive recruiters, BlueSteps career advisors and other guest writers.