Energy & Renewables
The client (a leading global player in the Energy and Renewables sector) encountered three key challenges:
Exit interviews indicated that the majority of resignations stemmed from manager-related issues
Organizational culture lacked focus on nurturing and career development of employees
The environment was competitive and focused on individual contribution, adversely impacting collaboration and trust
There was a definitive presence of hierarchy-driven decisions, impacting innovation and autonomy
A leading global player in the Energy and Renewables sector, known for its robust market presence, faced significant internal challenges despite its historical growth. While the company had shown rapid growth and scale, concerns about its leadership approach and workplace culture had begun to surface, plausibly threatening its continuing growth and marketplace dominance. Employee surveys and exit interviews highlighted underlying issues affecting employee retention, prompting the organization to reevaluate its management practices. Seeking to create a more supportive and growth-oriented environment, the company aimed to enhance employee satisfaction and long-term stability.
Organizational culture significantly impacts various aspects of a business, including employee engagement, productivity, innovation, and overall success
Research has found that 58% employees leave jobs because of negative workplace cultures, emphasizing that culture is a key driver of turnover.
Organizations with a strong culture are 2.5 times more likely to be high-performing, and employees are 26% more likely to be “very satisfied” with their jobs.
77%of job seekers consider a company's culture before applying for a job, and 56% say company culture is more important than salary when it comes to job satisfaction.
A survey reveals that 56% of millennials, who now represent the largest workforce group, prioritize culture fit over other job factors.
Organizations with strong performance-driven cultures achieve a 200% greater chance of exceeding financial targets.
Employees’ overall ratings of their company’s qualities — like collaboration, work environment, and mission and value alignment — are 20% higher at companies with strong cultures.
86% of employees in strong cultures feel their senior leadership listens to employees.
90% of employees at winning company cultures are confident in their company’s leadership team.
13 companies that have appeared on Fortune’s annual 100 Best Companies to Work For list every year also see higher average annual returns with cumulative returns as high as 495%
