Home » Blog » 5 tips for developing a great workplace culture

5 tips for developing a great workplace culture

Workplace culture is best described as a business’s emotional state: the mood that’s reflected in how it operates, engages staff and conducts business.

A positive workplace culture can be the difference between an average workplace and a great one – but it must be nurtured and invested in. Here are some tips for developing a high-quality workplace culture:

1. Recognise and reward your team’s efforts

If your team is putting in the hard yards and helping your business grow and succeed, reward them! It doesn’t have to be a grand gesture – shout your team lunch or give them an early mark on Friday.

If you want to create a more performance-led rewards system, ask your team what they consider worthwhile incentives. This might include distributing vouchers to staff who hit KPIs. No matter what you decide, your employees must feel appreciated, which will be reflected in their approach to work and each other.

2. Arrange team-building events

Give your employees regular opportunities to meet in social environments, such as Friday drinks or monthly team-building days. Stepping outside of the standard hierarchy will help strengthen relationships between colleagues.

There are a variety of service providers that facilitate team building days either in-house or at retreat centres. These activities improve communication among staff, nurture friendships and contribute to a positive workplace culture.

3. Stamp out toxic behaviour

Make it clear that negative behaviour – such as gossip, bullying and intimidation – won’t be tolerated in your business. Establish clear protocols to address any complaints, and implement systems for dealing with toxic issues.

This may require an escalation or crisis-management system that allows staff to file complaints formally. It pays to have an external HR representative manage the crisis to maintain objectivity and ensure all parties have a chance to voice their opinions, either in group meetings or one-on-one interviews.

Taking a hard stance on toxicity will show staff that you desire a supportive and encouraging workplace culture.

4. Set a positive example

As a small business owner, how you treat your staff and customers sets the tone for your business culture. If you act with integrity, respect and fairness, you set the right example for your team to follow. You’ll also be an owner that employees respect and trust.

5. Make communication a top priority

Good communication is at the heart of any great workplace culture. It’s created through establishing clear channels and an open-door policy where staff are comfortable coming to you with queries, issues or requests. This will help put fears to rest, get questions answered and have problems dealt with swiftly.

Keeping staff across major happenings in the business, through regular meetings, will help them feel informed. Implementing regular performance reviews will also let you provide feedback and give your employees a forum to share their hopes and goals.

Creating a great workplace culture requires ongoing effort, but it’s well worth it for a happier, more efficient and engaged workforce.

If you’re looking to grow your small business and need funding, speak to Prospa about a small business loan.

Primary CTA illustration
You believe business loans should be simple. We believe it too. That's why we offer a hassle-free approach to business loans with funding possible in 24 hours.
Apply today
Primary CTA icon
You believe business loans should be simple. We believe it too. That's why we offer a hassle-free approach to business loans with funding possible in 24 hours.

The information in this post is provided for general information only and does not take into account your personal situation. Nothing contained in this post constitutes advice or an endorsement or recommendation of any kind by Prospa. Any links to third party websites are strictly for informational purposes only. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from financial, legal and taxation advisors. Although every effort has been made to verify the accuracy of the information as at the date of publication, Prospa, its officers, employees and agents disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy, or omission from the information for any reason, including due to the passage of time, or any loss or damage suffered by any person directly or indirectly through relying on this information.

Keep reading

5 ways to stop your business from losing money

18 January 2022 | 5 min read

Is your small business losing money? Here are five simple tips to help your small business stop losing money and start earning.

View more

How Stoned Crystals became one of Australia’s fastest growing companies

17 January 2022 | 5 min read

Stoned Crystals went from Ashley’s home office to being recognised as one of Australia’s fastest growing companies. Find out how they did it.

View more

“I wish someone had told me that”: Robyn Robertson, Red Chair Boutique

30 December 2021 | 5 min read

The founder of Bathurst’s Red Chair Boutique shares the highs and lows of running a store in a regional centre.

View more

Subscribe to the Prospa Blog

Be inspired! Sign up to Prospa’s newsletter to receive tips, tools and small business success stories straight to your inbox.