Over the past five years, the cost of turnover due to workplace culture exceeded $223 billion.
Positive workplace cultures discourage harassment and discrimination and promote pay decisions based on substantial business factors.
– Workplace Culture: Urging employers to foster healthy workplace cultures. Strong anti-harassment and anti-discrimination policies are important, but culture is key to prevention.
– Transparency: Encouraging employers to have discussions about pay expectations and to share with their employees information on how pay decisions are made.
– Pay Audits: Public policies that incentivize employers to proactively conduct self-evaluations of pay and correct improper disparities in compensation.
It is time for all organizations to become more people-centric. Success in the workplace means prioritizing the management of people, guiding employees’ development and cultivating a strong sense of collective purpose at work. Put frankly, it means focusing on “workplace culture”—the glue that keeps an organization together.
Johnny C. Taylor, Jr.
President and CEO, SHRM