CultureCon Insights: Elevating Workplace Culture
Written By Olivia Daley
CultureCon was a whirlwind of insights, featuring remarkable speakers who delved deep into the world of workplace culture. Here's a more detailed look at what three outstanding speakers had to say:
Michele Bousquet: Leading with Love
Michele Bousquet kicked off the event with a captivating motto, people are cute, setting a tone of warmth and authenticity. She placed a spotlight on the significance of leading with love in the workplace. Michele emphasized the need for open expressions of love and appreciation toward colleagues, asserting that this not only fosters a more positive work environment but also strengthens team dynamics. Her personal journey through a deeply challenging period, including the loss of a child, highlighted the importance of authenticity and compassion during tough times. She reminded us that we should view our colleagues as whole human beings, embracing the fusion of work and personal life.
Vibhas Ratanjee: The Cost of Employee Engagement
Vibhas Ratanjee, a Senior Practice Expert at Gallup, provided a data-driven exploration of employee engagement that left the audience astounded. He dissected the significant economic impact of engagement levels, revealing that low engagement costs the global economy a staggering $7.8 trillion, equivalent to 11.5% of global GDP. The most alarming statistic from Vibhas was that in 2022, a mere two in ten employees felt genuinely connected to their company's culture. Furthermore, he shone a light on the increasing turnover risk among remote workers, showing a shift from 4 in 10 in 2021 to a concerning 6 in 10 in 2022. This highlighted the critical importance of effectively engaging and connecting with remote team members, a topic that struck a chord with many attendees.
Merrily McGugan: The Power of Recognition
Merrily McGugan took the stage and underscored the paramount importance of employee recognition. She posed a challenge: although a striking 94% of organizations have some form of recognition program, only a third of these programs prove effective. Merrily drew our attention to a glaring statistic that 79% of employees leave their jobs due to a perceived lack of appreciation for their contributions. However, on the flip side, employees who receive recognition for their work are six times more likely to stay committed. Merrily delved into the nuances of effective recognition, stressing personalization and the attachment of rewards to recognition. She encouraged employers to go beyond generic gestures and recognize individuals in ways that are personally meaningful, such as acknowledging birthdays or other personal milestones. Additionally, she highlighted the value of attaching rewards to recognition, whether they be tangible prizes or non-material incentives, like points convertible into charitable donations. Such rewards, she argued, not only reinforce the recognition but also motivate employees to continue their exceptional efforts. Merrily also emphasized the importance of peer-to-peer recognition, encouraging colleagues to acknowledge each other's contributions. She stressed that the colleagues you work with day in and day out often understand your efforts best. Encouraging and facilitating peer-to-peer recognition can foster a stronger sense of camaraderie and support within the workplace.
In a nutshell, CultureCon left us with valuable lessons on the significance of love, value, engagement, and recognition in the workplace. These insights challenge us to rethink our approaches and build more vibrant and supportive work cultures, fostering an environment where employees feel valued, connected, and motivated.