Corporate Culture Boils Down to Four Essential Elements interview with Robert Kohlhepp

Retaining staff is an urgent issue as turnover rates have experienced an uptick to 57 percent. Research shows that a lack of communication between managers and workers is a leading contributor to employees leaving. Creating a workplace culture of transparency and fairness can help buck this trend. 

Building a great organization where people want to work comes down to instilling the elements of an effective corporate culture across the organization — from the front-line worker to the department manager to the CEO. The four essentials include: 1) determining your principal objective; 2) establishing your corporate character; 3) developing consistent management systems; and 4) conducting business ethically.