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5 Steps to a Better Company Culture

Company Culture

Digested from “Company Culture: It’s Vital to Multifamily Success” in Multifamily Insiders (9/1/16) by Brewer, Terry

Happy apartment staff members help keep residents happy, which can mean higher occupancy rates and lower turnover costs. In other words: Company culture matters.

In addition, a good workplace environment is of particular importance to the largest sector of today’s workforce—millennials.

Here are a few of the things millennials are looking for in their workplace culture, which older employees will surely appreciate, too:

  • Pay attention to work-life balance. Do employees need to check email after work hours? If so, think about changing that.
  • Invest in employee growth. Allow employees to take advantage of professional development opportunities, such as online courses or conferences.
  • Offer advancement opportunities. If there’s a path to promotion, clearly communicate with employees about what is expected to reach that level.
  • Provide mentors. Mentorships not only help recently hired employees to navigate a new job, but can also help veteran staff members feel more connected to the company. 
  • Focus on social responsibility. Encouraging employees to volunteer together can help employees feel good about the company and closer to their colleagues.

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