Accomplishments

FINANCIAL PANORAMA OF A GOOD WORK CULTURE


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Category
Seminar
Conference Name
CONTEMPORARY AND INNOVATIVE PRACTICES IN HRD
Conference From
27-Nov-2015
Conference To
28-Nov-2015
Conference Venue
K. J. SOMAIYA COLLEGE OF ARTS & COMMERCE
  • Abstract

Culture" has been a buzzword in the corporate world for several years. Corporate culture is the personality of an organisation from the employee perspective, and includes the company's mission, expectations and work atmosphere. It refers to the way procedures are structured, the nature of leadership and the unspoken rules that each team member abides by. As organisational structure influences the behaviour of staff and executives alike, it is therefore, fair to assume the performance of their company will be impacted by its values and conventions. As a result, workplace culture has a major effect on a company's workers' compensation experience and cost. Work Culture plays an important role in extracting the best out of employees and making them stick to the organisation for a longer duration. Also it does not require to have a very huge budget for a good work culture. In fact, when properly executed, culture improving initiatives can lower company costs in both the short and long term. A better work culture motivates employees to take personal responsibility for increasing productivity, effective cost control thereby resulting in increase in profits. KEY WORDS - Work Culture, Productivity, Cost Effective