You may think of company culture as something primarily affecting you as an employee. Yet the culture of a company (positive or negative) can actually affect it’s financial health.
Healthy, robust work environments create an atmosphere of enthusiasm, trust, and productivity among employees.
Toxic work environments create chronic high stress, infighting, dysfunctional communication, and have negative effects on both the employees and the company.
Entrepreneur defines company culture as: “A blend of the values, beliefs, taboos, symbols, rituals and myths all companies develop over time.”
They go on to say, “Whether written as a mission statement, spoken or merely understood, corporate culture describes and governs the ways a company’s owners and employees think, feel and act.”
A toxic work environment can negatively affect not only a company’s employees but also their bottom line. Recently a Washington Post piece stated a company’s valuation can actually be affected by how they treat their employees.