If money isn’t everything, then…what is? Strong company culture!
The key to finding a fulfilling job isn’t money, but a strong company culture that relates to us as individuals.
Over the past few years, experts have carried out studies that show us money is not everything when it comes to accepting a job or staying with a company for a long time. There are other more crucial factors such as, work environment and business culture. In fact, a business culture that isn’t so focused on the worker, with a vertical hierarchy that encourages uninspiring managers, creates less friendly work environments and for precisely this reason workers have been leaving their jobs recently. Even the famous phrase, “people don’t quit their jobs, they quit their bosses” has been popularized such that it circulates even the most professional social networks such as LinkedIn. But, should all companies have the same corporate culture? What should we know when looking for work in certain companies?
The fact of the matter is that the idea of a “strong company culture” differs from one sector to another, and from one generation to another!
We could define business culture as the personality of the company or the set of beliefs it’s based on. According to this Harvard Business Review video, corporate culture is encompassed between the values of independence versus interdependence, and flexibility versus stability. That a business culture is more focused on one side than on another, will depend a lot on its context: sector, generation and mentality of managers, to name a few. Certain business cultures will create dynamics that go on to establish specific environments, more friendly to some, less friendly to others. The more concrete the values of a company, as well as its mission and vision, the stronger the corporate culture, and therefore, the easier it will be to capture talent, connect with them and retain them.
If millennials staggered the foundations of a hierarchy in the pursuit of horizontality, flexible schedules and teamwork as an ideal for strong business culture, Generation Z seems to focus on factors such as high salary, career progression, security, equality and inclusion in addition to supportive leaders and positive relationships.
However, even if we are part of a generation, each person is motivated by different factors. A company that offers flexible schedules and is focused on teamwork, will have a corporate culture strongly linked to values of interdependence and flexibility, such as Google. This type of corporate culture, however, may not be to the liking of someone who prefers to work with fixed schedules and in closed offices where they can concentrate on more independent work (that is, corporate cultures more focused on independence and stability).
Therefore, it’s important that we put pen to paper to get our individual values and motivations down and go for those companies whose business culture connects with us. This should be our main motivation when looking for work, because a friendly work environment (for each and every one) is really rewarding. And, perhaps, this is the key to staying at a job a little longer. Money, not so much.