Creating a positive company culture is not only good for employees, but it can also benefit a business's bottom line. According to a study conducted by the Harvard Business Review, companies with strong cultures had revenue growth 4 times higher than companies with weaker cultures. Another study found that companies with high employee engagement had 21% higher productivity than those with low employee engagement.

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Define Your Company Culture.

Defining your company culture is a crucial step in building a strong culture. According to a survey by Deloitte, 94% of executives and 88% of employees believe that a distinct workplace culture is important to business success. Communicating the company culture to employees is also essential. In fact, a survey by TINYpulse found that employees who understand their company's mission and values are 40% more likely to stay with the company.

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Foster Communication and Collaboration.

Fostering communication and collaboration is another critical component of building a strong company culture. A study by McKinsey found that companies with effective communication were 50% more likely to have lower employee turnover rates. Additionally, a survey by LinkedIn found that 72% of employees believe that collaboration improves overall performance.