A company’s culture is a reflection of the views adopted and espoused by its employees, managers, and leaders.
Cultural values are usually at the core of what a company stands for and its mission. Some of the most common such values include accountability, learning, innovation, honesty, and trustworthiness. However, disconnections between espoused values and reality can and do occur. Maintaining that connection is the job of both executives and HR.
Why it is important to have cultural values in the workplace
A strong company culture attracts better talent and most importantly, retains that talent. When employees feel they belong to an organization, they are more likely to stay loyal in the long run. This means lower turnover, fewer new hires to deal with, and better chemistry among the team.
Cultural values are also important because the personality of your organization is influenced by everything especially the following: management, leadership, workplaces practises and policies.