Board members are shifting their agendas, focusing more on changing dysfunctional corporate cultures in organizations, according to a recent Marsh & McLennan report. With more than half of tech employees (52%) believing their workplaces are toxic, and toxic workplace culture being a top reason for employee burnout, this realignment is much needed.
SEE: Personnel screening policy (Tech Pro Research)
“The costs of dysfunction threaten the very foundation of an organization,” said Patricia Milligan, global leader of the multinational client group at MMC, in a press release. “Not taking a thorough look into how the culture is functioning-or not-places a company at serious risk.”
The report identified the following 10 warning signs of a dysfunctional work culture, in an effort to help companies recognize if there is a problem in their organization:
- No clear organizational vision or set of values
- All information to the board runs through the CEO
- Fighting amongst leadership
- Debate and challenge are not encouraged
- Limited transparency into organizational decision-making
- Complacency and resistance to discuss culture
- Bad news is not shared and employees do not feel comfortable reporting incidents
- Strong focus on individual results or a “get it done at all costs” attitude
- High employee turnover rates by business unit, race, age, gender, function, etc.
- Limited transparency on factors for promotion or success
For more advice on how to change your company’s work culture for the better, check out this TechRepublic article.