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When Corporate Culture Goes Bad

Corporate culture may be an afterthought for entrepreneurs whose survival is dependent on the cold, hard facts of their business. However, every workplace has a culture--even those that have never put an ounce of thought into what it should be. Articulated or not, that culture determines what the company does, how it does it, and where the employees fit in.

 

Think back to a job that made you miserable. Maybe you hated it because the boss was incompetent or no one valued your input. Whatever the reason, did the pay ever make it worthwhile? Did you work hard or did you take as many mental health days as you could? How many workhours did you spend scrolling job postings?

Via The Learning Factor

In addition to all of your achievements, you're sure that you're a great boss. After all, your leadership skills have helped you climb the ladder of success. But some of the world's top companies succeed in spite of poor leadership, a result of great products or concepts rather than motivated team members.

 

According to entrepreneurial counselor Michelle McQuaid, bad bosses cost businesses $360 billion in lost productivity every year. The stress caused by difficult supervisors can negatively affect an employee's overall health and workplace morale, eventually driving him or her out the door. Since losing one employee costs a business tens of thousands of dollars or more, your business will eventually suffer financially if you can't keep employee loss at a minimum.

Via The Learning Factor