Why Corporate America Is Obsessed With "Company Culture" | How Money Works

Why Corporate America Is Obsessed With "Company Culture"

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#business #howmoneyworks #corporateculture

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Corporate America has become obsessed with company culture but those Friday afternoon drinks and team building days are papering over a terrible trend which is making your workplace miserable and stalling your career. Company culture is one of the biggest trends in corporate management.

Small companies with as few as twenty employees are hiring culture managers whose full-time job is to promote a collaborative and positive work environment. These are full time employee that from a bottom-line business perspective do nothing but make the other nineteen employees more engaged with their work. According to a survey of job seekers and hiring managers conducted by Robert Half a workforce analytics firm, ninety one percent of managers said that a candidates fit with the organizational culture was more important than their skills and experience.

Hilariously a PWC survey on company culture found that sixty nine percent of companies believed their culture gave them a competitive edge… presumably over the thirty one percent of companies that realized that an office doesn’t need a ping pong table and kombucha on tap to be a nice place to work. Managing corporate culture is expensive, corporate culture managers are earning an average salary package of one hundred and ten thousand dollars a year according to GlassDoor. Direct salary expenses also don’t capture the additional costs of running culture events, and the lost manhours in the name of team building.

It’s a big investment and one that is not paying off.

If corporate culture is starting to sound less like an annoying business buzzword and more like a horrifying trend that was only the first reason out of four.

So, it’s time to learn How Money Works to find out why corporate America has become obsessed with company culture.

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