Every savvy business owner recognizes that strong company culture is a competitive advantage. Benefits span from being able to recruit top talent to retain current team members, influencing performance and increasing productivity.
But building a culture that no one wants to leave isn’t easy. Read on to learn about the core pillars of an inclusive culture and how you can leverage them as components to take your brokerage to the top.
Create a strong mission, vision and values statement
Culture is unique to each organization — and it needs to be defined by your company’s purpose, mission, vision and values, and aligned with your brand. Mission, vision and values statements serve as the foundation for an organization’s culture. They convey the purpose or reason the organization exists, the direction it is going and the underlying values of the organization.
When developed and implemented in a thoughtful and deliberate manner, these statements guide the day-to-day operations of the organization, communicate to external stakeholders the core services the brokerage provides and motivates agents toward a common goal.
With these foundational attributes, people know what to expect when they choose to associate with you, and, as a leader, decision-making becomes easier as you can quickly see if your decisions fall in or out of alignment.
Create a sense of belonging
One of the most basic human desires on the planet is to feel like we belong. Belonging refers to a fundamental human emotional need for interpersonal relationships, affiliating, connectedness, and being part of a group or community. Although social belonging is a fundamental human need, 40 percent of people say that they feel isolated at work.
This results in lower organizational commitment and engagement. U.S. businesses spend nearly 8 billion dollars each year on diversity, equity and inclusion training and fail to address our need to feel included.
To fulfill the need for belonging, people need to have a minimum number of enduring, meaningful relationships in ore, rather than feel a need to hide aspects of their life and identity. You can create a sense of belonging by:
- Welcoming interest or affinity groups. Interest or affinity groups are groups that link people with similar backgrounds, experiences and interests and provide a place to experience the business and social inclusion and belonging.
- Using inclusive language. Inclusive language is communication that proactively uses words, phrases and expressions that are welcoming. Where possible, avoid assumptions that may exclude people.
- Prioritizing meaningful connections.
Build and cultivate psychologically safe environments
Psychological safety is the belief that you won’t be punished or humiliated for speaking up, sharing ideas or raising questions concerns or mistakes.
Psychologically safe environments allow agents to be themselves and show up as themselves, ask questions, disagree and obtain/give feedback and to speak up if they see or hear something concerning.
Creating an open dialogue is the best asset in building an environment that helps agents feel secure, accepted, and supported. Allowing your agents to respectfully bring up any issues can help address problems that they’re noticing in the company structure or culture and challenge the status quo.
They may even come up with innovative ideas to suggest a new path. This allows leadership to swiftly provide solutions. Rather than brushing issues under the rug, you and your team will be tackling them head-on to create an inclusive company culture.
Employ shared decision-making
Team members and agents need to feel like they belong to something they value — and that they have the power to bring about change when it’s needed.
Shared decision-making is a process that draws on the combined knowledge of many stakeholders (whether that’s members of your team or other leaders) to make smarter, more effective decisions.
While powerful, shared decision-making doesn’t have to be centered on a formal format. You can bring more of it to your organization by simply asking where you could better engage your team members for input.
Since you’ve already created a psychologically safe environment, agents will feel comfortable sharing their ideas and bringing fresh perspectives.
Recognize and reward team members for their contributions
Recognition is an essential part of making team members feel valued in the workplace. 89 percent of employers feel that most employees leave their companies to earn more money.
But, in the same report, 65 percent of surveyed employees reported that they received no recognition over the last 12 months for their work and most workers who leave their jobs cited lack of employee recognition as a major concern.
Team member recognition refers to all the ways an organization shows its appreciation for an agent’s contributions. You can recognize agents for a number of things like:
- Exhibiting desired behaviors
- Going above and beyond expectations
- Milestones such as tenure
While monetary rewards are powerful ways to support and recognize agents, small gestures can go a long way in helping promote positive workplace culture too. You can do simple things like:
- Create space for peer-to-peer acknowledgment at your team meetings
- Extend opportunities for professional development and learning.
- Make it a point to give one word of acknowledgment to someone every day,
Be a bridge to guide people toward their goals
Just like brokers know whether or not their company is on track to meet its monthly, quarterly and annual goals, each agent must know whether or not they are on track to meet their own goals.
Helping agents set goals by sitting down with each person and asking them what their goals are. You can also be an effective champion for someone as they journey toward their goals. How?
- Discuss their values and aspirations and how they fit into the organization.
- Provide a level of accountability by consistently meeting and providing coaching
- Make sure to place the focus on progress, not perfection
Creating a workplace culture where everyone feels valued, welcomed and respected is vital to an organization’s success and doesn’t just happen overnight.
Understanding and adhering to your values, allowing space for authentic conversations and expressing care for the agent’s goals will take intentionality. Workplace cultures that easily retain agents and keep businesses thriving take time — and it’s worth it.
As the head of inclusion and belonging for Keller Williams Realty International, Julia Lashay Israel advises, trains and coaches leaders, team members and agents to recognize and address diversity, equity and inclusion opportunities and challenges across the organization.