Sticking to traditional working culture could be a major factor in the lack of progress for many companies. It also appears to hinder workforce loyalty, according to a new study.
A UK based study of 1,600 companies, recently run by Perkbox, took into account rewards programmes, flexible hours, team bonding, information sharing, working environments and employee retention. The results show that many companies are still stuck with old fashioned traditional workplace practises which could directly be affecting their staff.
Over half of the responders (52 percent) said that the average time employees stay with the company is between one and five years. This is reflected by the fact that 69 percent of those companies say they have a traditional working culture. So what does that mean and how can you avoid it to enhance staff retention?
One of the stand-out results from the study was that 78 percent of workspaces have no breakout areas. This could go some way to accounting for the fact that a mere 15 percent of respondents said they have a fun and creative working culture. Only 17 percent say they consider their workplace to be a part of emerging new work cultures.
Another factor in this less traditional modern work culture is the option to work from home. Of the companies studied 49 percent offer no option to work from home at all. Also 49 percent have no formal reward or recognition programme in place.
The figures are pretty clear. Modern, less traditional workplaces that offer more freedom to be creative, work flexibly and recognise success are the future. Now we just need to educate companies so they realise how easily they could improve staff retention and workplace moral.