Your team's core values are your organization's guiding principles (or core values). They serve as your guiding principles for encouraging your team to collaborate more successfully in pursuit of a common objective.
It is very easy for your staff to forget their primary purpose once they become accustomed to their workplace's routine. Yes, their paycheck is likely the first thought that pops into their heads. The values provide direction for how the people will achieve the "why," even though they are not always the reason why they are there. Because of this, values are significant.
For instance, AIESEC volunteers are inspired to work even in the absence of monetary compensation because they feel a sense of connection to their mission: we work to promote peace and the realization of humankind's potential. Our values constantly remind us because they guide our choices and decisions.
Setting the appropriate values for your workplace may be advantageous in the long run for the following reasons:
Your team's core values enable quicker decision-making. Your employees will be able to recognize your values and the "WHY" of your company if you uphold them consistently. Which actions should be favored over others and which ought to be avoided? People should generally feel that leaders are there to help them be the best versions of themselves, according to Simon Sinek's book "Start with Why." As a result, values can help the team in making decisions. "A leader's role is not to do the work for others; it is to help others figure out how to do it themselves, to get things done, and to accomplish beyond what they believed possible."
Company culture is increasingly becoming a differentiator for businesses of all sizes and in all industries. A positive, productive culture can draw potential employees and clients to your team. Additionally, it encourages them to stick with you over the long term. According to an LRN study, companies with high customer satisfaction are nine times more likely to have shared values and a commitment to a mission and purpose as their primary motivating factors for employees.
Teams that are engaged and motivated tend to have clearer missions and values. If you are aware of your values, you can, without a doubt, tell which behaviors are being encouraged. More importantly, you felt more at ease and motivated to work toward shared objectives in a safe environment. If you don't create a great, rewarding place for people to work, they won't produce great work, as Zingerman's founder Ari Weinzweig puts it.
Making sure new hires are a good fit for the company will be made easier by having clear values. The best thing about a company having core values is that it attracts the best candidates. Candidates search for employers that share their core values because they want to do meaningful work. For instance, "Embrace the talents of your colleagues and our customers" is one of the guiding principles of the American software company Relativity. We want you to be who you are at Relativity. Everyone should feel empowered to share their distinctive perspective from the outset because we are all aware that our differences are our greatest strength. That is how successful teams and great ideas flourish.
It takes work to keep your best employees. The workers must feel important, recognized, and trusted. Other significant benefits include the potential for career advancement and chances for personal development. These ideas should be incorporated into the company's core values in order to foster an environment where employees can keep growing professionally. Go after the cream of the crop," Apple's Steve Jobs advised, summarizing the value of keeping talent. A small group of A+ players can outperform a large group of B and C players.
A company without core values is more likely to be a toxic place to work. You may encounter difficulties if you haven't identified and communicated your company's values to your employees. Values come from beliefs and act as a motivator for behaviors. Actions result from behaviors. Words cannot always be translated into actions. Six core values that enable us to take the initiative, accept difference, and be conscious of our surroundings and future generations serve as our compass in AIESEC.
What are your core values?