There are many ways to define culture. Often, it refers to a company’s shared beliefs and values combined with how employees approach decision-making and work. Gallup boils down culture to “how we do things around here.”
Regardless of definition, culture is crucial in helping credit unions live out their purpose and differentiate themselves among other financial institutions. If you were to ask your employees whether they feel connected to your credit union, what would they say?
EMPLOYEE CONNECTION TO COMPANY CULTURE
FOR U.S. WORKERS | DATA AS OF AUGUST 2024
Source: Gallup
Strategic Insights
- Culture Drives Performance: According to Gallup, only two in 10 employees strongly agree they feel connected to their workplace culture. Those that do strongly agree are 62% less likely to feel burned out at work very often or always, 5.8 times as likely to strongly agree they would recommend their organization as a great place to work, and four times as likely to be engaged at work. That’s real data to indicate how important focusing on building the culture to foster employee connection is for credit unions.
- Leadership Versus Employee Perception: Although only 20% of employees strongly agree they feel connected to their culture, more employees strongly agree their organization’s leaders are committed to their cultural values.
- Remote Work And Cultural Impact: Does location matter? Many claim the shift to remote work has and will continue to have a negative impact on workplace culture. Gallup data among U.S. full-time employees shows exclusively remote, hybrid, and on-site employees feel similarly connected to their organization’s culture. Approximately 60% of U.S. employees anticipate minimal long-term impact on culture if remote work becomes standard, although leaders show greater concern over remote flexibility’s cultural effects.
Key Takeaway
A strong employee connection to workplace culture is crucial for credit unions and can directly boost engagement, reduce burnout, and increase employee advocacy if prioritized properly. For credit unions, focusing on culture as a strategic initiative is an essential foundation for organizational sustainable growth and long-term relevancy.
Are Your Employees Connected To Your Culture? Learn how culture is helping credit unions drive member empowerment and financial wellbeing with an innovative program crafted by Callahan & Associates and Gallup. Discover how this dynamic program can drive meaningful employee engagement and elevate your credit union’s impact. Learn more today.