Podcast #62 - Company Culture with Renee Conklin

It’s not something that's usually covered in quarterly earnings reports, but company culture can have a big impact on employees, customers, business performance, and the company’s stock price. This week on the pod, we're joined by Renee Conklin, founder of RCHR Consulting, to talk about company culture - how to assess it, its impacts on business results, and what companies can do to attract and retain talent. Also, we chat about famous CEOs, the Great Resignation and driving tractors!

Websites such as Glassdoor can give prospective employees and investors a view on the workplace culture but there are issues over the validity of the reviews and potential manipulation of ratings. Glassdoor is a starting point, but the information should be checked against other review sites and information sources.
Workplace culture can have a significant impact on the stock performance of a company. The stock performance of the Fortune 100 best companies to work (Aug 2021) outperformed the broader index of the Russell 3000 by 16.5% in 2020 and had a cumulative return of 1,709% since 1998 compared to 526% for the index.
Following the upheaval of the pandemic, we are in the midst of the Great Resignation, where employees are quitting in record numbers. It's currently a workers’ market and there are many different reasons contributing to this trend.

Renee Conklin is the founder of RCHR Consulting based in Hong Kong, which works with small-to-medium businesses to optimise their HR practices, and also with individuals to help them achieve their career goals. Renee can also be found on LinkedIn.

Companies mentioned in the discussion include Netflix.

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