Company Culture

Meaning & Definition 

Company culture is composed of all the values, beliefs, behaviours, and methods of working together that define how a business operates. All these elements can affect how employees communicate with one another, the way they make their decisions, and how they work. A strong company culture will affect the way employees experience work, create the workplace environment, and also define the overall identity of a company.

Importance of Company Culture

• Promotes employee engagement, satisfaction and retention.
• Affects hiring practices and employer branding.
• Guides the way employees behave, collaborate and are productive.
• Supports leadership effectiveness and decision making.
• Assists in aligning employees with company Goals.

Legal & Regulatory Considerations

• There are no specific laws that deal directly with this concept of corporate culture.
• Company culture must also comply or align with employment laws regarding equal opportunity, workplace safety and fair employment practices.
• Some examples of internal policies that help promote a healthy corporate culture are POSH, code of conduct, and anti-discrimination policies.