The achievements of a fancy title and a hefty paycheck can feel like a hollow achievement when we do not believe in the work we do. That’s the conclusion that a new LinkedIn survey found on how workplace culture can influence employee retention.
A bad company culture is the top hiring dealbreaker
In its poll of 3,010 adult full-time employees, LinkedIn found that we would rather be underpaid than overrun by a bad company culture. Seven out of ten professionals surveyed said they would not work at a top company if it had a bad company culture, a reason that eclipsed other hiring dealbreakers like taking a pay cut and forgoing a fancy title.
For those of us who have endured a toxic workplace with bullying bosses and gossiping coworkers, we intimately understand that no amount of money is going to make waking up to go to work in the morning feeling good.
To retain top talent, employers need to focus on making the workplace an inclusive place for all to grow and thrive. Employees surveyed said that they would rather have the benefits of paid time off and a flexible schedule than cool perks like food served at work. In fact, working at a company that gave them a sense of belonging was the top reason professionals gave for staying at the company they worked at. More than half of employees said they felt proudest in their company when they worked for an employer that promoted work-life balance and flexibility.
If you want your best employees to stay put, make sure you are checking in on how their work days are going. Ask them what can be done to improve their workflow. In the end, an employee’s day-to-day experience is going to make a more of a positive impression than an impressive paycheck when it comes to attracting and retaining top talent.