Posts Tagged ‘company values’

Create Core Values That Will Strengthen Your Business

Thursday, January 14th, 2016
Rick Washburn

Rick Washburn, A&R Manager

In today’s post, Advice & Resolution Manager Rick Washburn shares helpful tips for businesses looking to create core values that will put them on the track to creating a better and more intentional workplace.

A company’s personality is comprised of core values that guide the way employees’ think, feel, act, and perform. A company’s core values also directly impact the decisions and actions of the organization.  This can be an extremely powerful enabler or derailer of a company’s business  results.

In a recent Wall Street Journal article, Volkswagen blamed their damaging emissions crisis on a chain of mistakes and a “culture of tolerance for rule-breaking” that allowed deception to continue within the organization for many years.  Engineers deceitfully added software to their cars that would lower nitrogen oxide emissions in its diesel engines after realizing that there was no legal way that engines would pass U.S. exhaust standards.  Volkswagen’s internal investigation revealed that parts of their organization had a “mindset that tolerated breaches of the rules.”   The consequences have been devastating:

  • Over a 4% decline in global sales within 30 days of the disclosure
  • A $3.85B loss in the 3rd quarter
  • Significant loss of customer loyalty and trust
  • The enormous cost of recalling and repairing 11 million cars world-wide

Does your organization have core values that define your culture?  Do they reflect the current desired state and the fabric of the organization?  What does the organization do to reinforce, “walk the talk,” and keep the core values alive and relevant?  What could be worse than when a company says it values one thing and does another.

Here are a few tips that HR leaders can use to formalize or revise their company’s values:

  1. Involve others in the establishment of company values. Gather input from employees, customers, and other key organizational stakeholders.
  2. Management must commit to the values. Commitment to values starts at the top. Leaders must take the company values into consideration when they make important decisions and refer to them when they explain why these decisions were made. Values should not be abandoned even in the face of economic crisis.
  3. Set realistic expectations. Management should communicate to employees that everyone should strive to act consistently with the values but that it may not always be possible. For example, there may be times when holding a meeting on a weekend is unavoidable and an exception must be made.
  4. Continuously monitor how well the organization lives up to its values. Management should consciously make time to regularly reassess the authenticity of its actions vs. its values. They should also survey employees to find out if they feel the organization is living up to its values.

For more information on core values, culture, and creating a better workplace, please call our our Advice & Resolution team at at 919-878-9222 or 336-668-7746. If you have any further tips for formalizing company values, we’d love to hear them – so let us hear your suggestions in the comments!

Four Ways to Build and Sustain Trust in Your Workplace

Thursday, January 26th, 2012

Are you constantly checking and rechecking the work completed by your employees? Does your boss often say phrases like, “it’s my way or the highway” or “that’s not the way you should do it”? Have you noticed your staff members watching their backs or withholding information from their coworkers? Do people consistently give you instructions that are contradictory? If so, your organization is suffering from a lack of workplace trust.

Building trust in an organization is no easy feat. Time, dedication and care are essential for keeping trust nurtured and sustained. Trust is a fundamental value that all companies should practice because it improves almost every business facet, including retention, morale, communication, customer service and productivity. Employers that focus on trust exhibit confidence in the decisions their workers make, have more collaborative workflows and keep employee motivation high.

Because trust starts at the top, ensure that management is included in your efforts to improve trust at your organization. Employees will quickly follow suit when management is leading the way. Incorporate the tips below into your workplace processes and see the level of trust increase significantly.

1.  Establish Values

Use your company’s mission and values extensively. All employees should be aware of what they are, and they should all strive to uphold them. Revisit your mission and values during staff meetings and post them in different areas in your workplace. Your business changes over time, so make sure to continually review, revise and align your mission and values with the business results you want to produce and the employer brand you want to exude. Ask for input from your staff members when reviewing and revising.

2.  Communicate Openly

Being transparent in your business practices will gain you the trust of your employees. Don’t disseminate information to only a privileged few (unless it’s confidential) because outcries of favoritism will inevitably ensue. Instead, frequently share information with all staff members. Employees don’t like being in the dark, and they will become more engaged the more you communicate openly with them. Additionally, don’t shy away from telling staff members bad news. Even though the news may not be desirable, they will respect the fact that you gave them the truth.

3.  Respect all Employees

Just like trust, respect is earned. You can’t expect your team members to follow your lead if you don’t respect them or the contributions they make to your organization. There are a number of ways in which you can show your employees that you respect them. Don’t micromanage them and obsessively recheck over their projects. Give them clear expectations and autonomy, and they will produce good work. Show them that you are interested in their lives by getting to know them. This can include learning their children’s names or the sports team they follow. Ask for their opinions on business initiatives, and stay informed about their personal short-term and long-term goals. No matter if they are full-time, part-time or temporary employees, recognize the work they perform by thanking and praising them often. Trust is easier to maintain when each of your team members feels valued and supported by the company.

4.  Be Human

Too many managers want to appear perfect, but the ones who resonate best with their employees acknowledge their mistakes and confess when they don’t know an answer. Yes, admitting imperfection will make you more vulnerable, but it will make you more human and that’s a characteristic that employees want in their managers. Let your team members know that mistakes can happen, but they must make a commitment to learn from them. Another way to show empathy is to respect your employees’ work/life balance. Unless they give you a reason to doubt them, trust that they will complete their assignments, and allow them to enjoy their lives outside of work. Be loyal to your employees and they will reciprocate.

You can’t establish workplace trust overnight, but you can destroy it in a matter of seconds. A continuous effort to show employees the importance of trust is necessary to keep it alive at your organization. Integrate trust in your values, performance appraisals, onboarding practices and other workplace activities. Companies that rate trust highly are more successful than companies that don’t. For more information on building trust at your organization, please contact a member of CAI’s Advice and Counsel Team at 919-878-9222 or 336-668-7746.

Photo Source: korapilatzen