The employee in question caused over £32,000 worth of damage as well as untold levels of disruption to the business. In the end, it emerged the motive was as simple as being passed over for a pay rise.
I was supposed to be an Anthropologist. Seriously. While completing my undergrad in Anthro, I was President of the students’ Anthropology Society. (Yep, I was that cool). So, you’ll understand that the topic of organizational culture is of particular interest to me. And organizational culture is having its HR moment right now…articles, blog posts, seminars- everyone seems to be talking about culture! That’s why it’s especially unfortunate that we are so sloppy when it comes to what we mean by 'culture'.
Editor's Note: The following post comes to us from Luigi Guiso, Professor of Finance at the Einaudi Institute for Economics and Finance; Paola Sapienza, Professor of Finance at Northwestern University; and Luigi Zing
Corporate culture is becoming increasingly important in the war for talent and retention at companies of all types around the world. Corporate culture is the personality of a company and it can’t be faked. Through social networks, review sites and word-of-mouth, a company’s culture is revealed. If employees are happy and fit in the culture, then the company gets a strong name and more people want to work there.
By Lee E. Biggerstaff, PhD Candidate, University of Tennessee, David Cicero, Assistant Professor of Finance, University of Alabama, and Andy Puckett, Associate Professor anf the Massingale Scholar in the Department of Finance, University of Tennessee. Originally published at VoxEU.
TOKYO/LONDON: For all the assurances by Nikkei executives on Friday that the Financial Times would retain editorial independence under their ownership, some staff at the business daily were fretting about everything from journalistic standards to holiday allowance. Most acquisitions cause workforce anxiety, but some of Japan Inc's overseas buys have foundered on perceived differences in corporate culture and values. Nomura's cut-price purchase of parts of failed Wall Street broker Lehman Brothers during the financial crisis caused tension and resentment, and hit the bottom-line.
This year also marks the twenty-fifth anniversary of the origins of what is now the UK’s Corporate Governance Code. There’s no doubt that it has had a hugely positive effect, both in raising awareness of the need for better governance and on improving standards of ethics. It is certainly something the UK can be proud of.
But we can’t afford to rest on our laurels. Indeed, given the uncertainty facing us, I believe it is more important than ever that companies embrace better governance – and through it, focus harder than ever on a service driven agenda.
By Kanchana Dwarakanath, TimesJobs Bureau With many startups seeing massive growth in the last few years, the need to set up processes and steer the company as it scales has become imperative. This has sparked increased hiring of experienced professionals from large enterprises, especially those with decades of experience. The startups culture however is different from the one these experienced professionals may be used to in their established organisations. What should these new hires be ready for so that they are not hit by a culture shock?
Southwest is one of the most admired companies in the country, respected in an industry that's better known for delayed flights and bad customer service than a great corporate culture. Not to mention the fact that it's remained profitable in a sector that rarely is.