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20 Company Culture Stats Every HR Manager Needs to Know in 2020

Sep 30, 2020

The secret is out: A great company culture is one of the most important components of running a successful business. Both employers and employees know this, which is why they use this information to inform their career choices as well as their business strategies. Today, HR managers are going to great lengths to make sure that their organizational culture truly stands out.

Having a positive work culture has already been tied to better employee engagement, increased productivity, and greater profit margins. Here are twenty-five statistics that every HR manager should know about company culture.

1. Close to Half of All Job Seekers Cite Company Culture as Very Important

In today’s job market, job seekers are screening potential employers using the culture of their organization. Forty-six percent of applicants cite culture as a very important part of the application process. Eighty-eight percent indicate it is important to some extent. Source: JobVite

2. Close to Half of All Job Seekers Are Looking for Work Due to Company Culture

Next, 47 percent of all job seekers are looking for work due to company culture. This means that they might not have been satisfied with their job and are looking for something different. Companies have to be inviting to new candidates. Source: Hays

3. 15 Percent of Job Seekers Have Turned Down a Job offer Due to Company Culture 

While vacation time and compensation are important for a job seeker, the wrong company culture could end up scaring candidates away. Source: JobVite

4. Company Culture Matters Plays a Role in the Right Fit

One third of workers in the United States indicate they would pass on a job if the company culture wasn’t inviting. The company culture has to provide the right fit. Source: Mediaroom

5. Respect Is a Key Part of Company Culture

More than 25 percent of employees have indicated that they would be likely to leave their jobs if they didn’t feel respect from their colleagues. This means communication and mutual respect. Source: Tiny Pulse

6. Employees Might Quit Over Company Culture Alone 

A recent survey showed that employees who don’t like their organization’s culture are 24 percent more likely to quit their jobs. Source: Tiny Pulse

7. 56 Percent of Millennials Want to Stay

While some people might think that millennials are wanderers, 56 percent of them state that an employee should stay at the same company for more than 20 years, but the culture has to be right. Source: Instructure

8. Guidance Is Key

Managers who take the time to explain a new position fully to employees are 23 percent more likely to keep employees at their current position. Source: Tiny Pulse

9. More than 90% of Managers Rate Company Culture On Par with Skills and Experience

Almost all managers believe that employees who align with company culture are just as important as having the right skills and experience. Source: Mediaroom

10. A Pay Cut for Passion

One third of job seekers are willing to take a pay cut for a job that aligns with their passion. Source: JobVite

11. Lower Pay for a Better Boss

More than half of employees (58 percent) are willing to take a lower-paying job for a boss they love. Source: Randstad

12. Job Quality Over Pay

More than 60 percent of employees have indicated they would take a job paying half of what they make now over a job they hate that pays double their current salary. Source: Lexington Law

13. Trust Matters for Satisfaction

Sixty-one percent of employees cited trust in their senior management as key to their job satisfaction. Source: Tiny Pulse

14. Almost All Executives Prioritize Company Culture

Ninety-four percent of executives indicated that having a strong workplace culture directly impacts the company’s bottom line. Source: Deloitte

15. Work-Life Balance

More than 75 percent of all employees indicated that flexibility and remote opportunities are key to great company culture. Source: FlexJobs

16. Leaving Over Remote Opportunities

More than a third of all employees have considered leaving because they cannot work remotely. Source: Randstad

17. Pay Cuts for Remote Work

More than a quarter of employees have indicated their willingness to take a pay cut to work remotely. Source: FlexJobs

18. Remote Work Is Popular Among Older Employees

Close to two-thirds of employees 55 years and up have reported being more likely to take a job offer if it leads to remote work opportunities. Source: Robert Half

19. More Productive at Home

Close to two-thirds of employees have indicated they would be more productive at home than at work. Source: FlexJobs

20. Health Above All Else

Remote working is a key part of company culture and employees believe that the flexibility of working from home would be good for their health. Source: FlexJobs

Target Company Culture

Company culture is not a trend nor a “nice to have” treat, it’s as important as a safe workplace. Being intentional about company culture is only going to continue to grow in importance. Therefore, maintaining a pulse on your company culture is essential.

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