When an employee mentions to his manager that he has received an offer from another company, how does the manager, and the company for that matter, typically respond? Often, they will respond with a counteroffer to keep that employee on the team.
Because the expense of having to pick up the pieces of where that employee left off is substantially higher than the expense of paying them more.
What if we lived in a world where money wasn’t the only factor for choosing whether to stay in a job or accept a new role?
What if we discovered that there is another factor that plays a HUGE role in whether or not people stay or go?
Most business roundtables and experts will say “you must invest in your culture!” What does that even mean? Does it mean providing lunches and ping pong tables at the office? Maybe.
Company culture is the combined makeup of how each individual employee feels about their work, whom they are doing that work with, and how attached their identity is to the work they are doing at that company. Company culture is the way that each employee feels when he/she comes to work.
You can’t force employees to feel a certain way, but you can create environments and opportunities where ideally, your people are creating deeper bonds with each other. When deeper bonds are built between people, a chemical in our brain called oxytocin fires. Oxytocin is why we feel good being around other people we like.
When oxytocin is consistently firing when we are around our co-workers, our desire to not lose that feeling is high. Essentially, we, as humans, can form a chemical dependency to a group of people we enjoy being around in which money cannot easily persuade us to leave.
If people are using words like “we” and “us” vs. “you”, “they”, and “I”, that is a good start. But are there is 1 strong way to boost company culture.
Carve time for employees to have intentional one-on-one conversations with each other (can be about work or not about work).
Why can this activity be so powerful and impactful to the company?
This activity creates an environment for deep relationships. When deep relationships are formed between people, oxytocin builds between those people. When people have oxytocin with their colleagues, they desire to be around those people that make them feel good.
Does it have to be one-on-one or can it be in a group?
It is best to be done one-on-one because people are less likely to be vulnerable when more people are around. Vulnerability is the key to building trust and trust is required for oxytocin to build. To make an example, think about holiday parties (or any other corporate gathering) – are people comfortable having deep, intentional conversations or are the conversations about the weather, sports, work, or any other surface-level topic? Typically, it is the latter. When people are one-on-one, they feel more comfortable opening up to each other.
Is it possible to provide a structure that leads to deep relationships?
Yes. 2 things are critical to this. First, people that are meeting with each should have aligned Work Orientation. Work Orientation is how you view your work and is a spectrum between “job”, “career”, and “calling”. When people share Work Orientation, their likelihood of getting along in these relationships is much higher because their value systems are aligned.
Second, these conversations should be focused on discussing the past, not the future. When we discuss the future, we are more inclined to embellish our goals and less likely to share our past vulnerabilities for fear that our past mistakes will not be consistent with our future goals. When we discuss the past, we can focus on the missteps we have taken and how we have learned from them.
To build trust, you must be vulnerable first, not the other way around.
How can I measure if deep relationships are being built?
You can assess your employees’ engagement levels. If engagement rises, you will know that employees’ level of connectedness to the company culture is growing.
How often should people be meeting?
It can be once per month for an hour each meeting. This intentional time away from work and focused on another person can create bonds that last a lifetime.
Should people switch up whom they are meeting with?
Yes. Variety in these relationships helps further intertwine employees so then they are consistently building deep relationships with multiple people. As long as the relationships formally last for at least 6 months, that should be plenty of time for people to get into rapport and continue that relationship.
In conclusion, creating environments in which colleagues are building deep relationships with each other can increase oxytocin firing in their brains when they come to work and subsequently increase the alignment of their identity with the company’s culture.
If you are interested in learning more about research on mentor relationships for companies, check out ambition-in-motion.com/companies.