1、The Formula for a Winning Company Culture The Formula for a Winning Company Culture There is a growing body of research and evidence that shows that a company with more engaged employees achieves better business outcomes. Theres also the human case to be made for improving the employee experience. O
2、ur research has uncovered what matters most for creating a great employee experience, and several cost-free ways that you can improve engagement by making small changes in the way you communicate with employees about their value, your companys strategy and compensation. Heres a preview of our findin
3、gs they might surprise you: Appreciation matters most for employee satisfaction, followed closely by company outlook. How people are paid relative to the market for their position matters relatively little in terms of employee satisfaction. What does matter is how employees feel about the pay proces
4、s., which has 5.4 times as much impact. Company outlook is the most important driver of employee retention. Appreciation is second most important. Frequent two-way communication is an important driver of employee satisfaction, but has a much smaller effect on employee retention. Pay vs. market, on t
5、he other hand, is much more important in reducing intent to leave than it is for driving employee satisfaction. Pay process still matters more than pay vs. market, but the difference is much smaller than it is in determining employee satisfaction. In this whitepaper, well provide you with actionable
6、 insights from a survey of over half a million workers about what matters most for improving satisfaction and reducing attrition. The Data We gathered two years worth of data from the PayScale salary survey. This survey collects pay information and includes a set of job-specific questions about fact