"'Culture rot' references the slow erosion of culture and values that once made an organisation successful, leading to the development of a 'toxic' or dysfunctional work environment. Over time, undermining employee engagement, collaboration, and overall organisational performance. Top 'symptoms' of culture rot identified by professionals: Limited incentives or rewards (41%) Poor collaboration across the company (36%) Unclear or broken-down communications (23%)"
"Findings from Robert Walters' Employee Benefits Guide highlight that while 69% of professionals were eligible to receive bonuses this year, only 37% were happy with the bonus they received. More broadly, UK professionals are noticing their company perks being reduced, 76% state that their benefits packages have been 'scaled back' this year. Comprehensive reward strategies are the backbone of a successful company culture."
""Culture rot is the silent threat currently impacting business productivity across the UK." said, Lucy Bisset, Director of Robert Walters North. "When values erode and morale dips, businesses lose their edge. This isn't a case of dramatic failures, instead, success is slowly diminished through everyday disengagement, declining incentives and broken communication loops.""
Declining morale, reduced rewards, and poor communication are eroding workplace culture across many UK companies. Eighty-one percent of UK employers attribute company-wide cost cutting to this decline. Eighty-two percent of UK professionals report culture rot, with 54% calling it a significant problem and 28% spotting early warning signs. Common symptoms include limited incentives or rewards (41%), poor collaboration (36%), and unclear or broken communications (23%). While 69% of professionals were eligible for bonuses this year, only 37% were satisfied with their bonus. Seventy-six percent report benefits packages being scaled back. Reduced rewards and weakened values are linked to lower engagement, productivity, and quality of work.
Read at London Business News | Londonlovesbusiness.com
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