You have safely signed out. Thank you for banking with Nevada State Bank.

Your session expired and you have been signed out for your safety.

Boost Productivity with a Positive Work Culture

Fostering a positive culture can benefit both your employees and your business.

A positive work culture can go a long way toward not only making your place of
business one that employees enjoy coming to, but also boosting its more creativity and productivity.

According to Harvard Business Review (HBR)*, "Too many companies bet on having a cut-throat, high-pressure, take-no-prisoners culture to drive their financial success. But a large and growing body of research on positive organizational psychology demonstrates that not only is an environment harmful to productivity, but that a positive environment will lead to dramatic benefits for employers, employees, and the bottom line."

HBR cites a number of studies and statistics to support the thesis that a positive
work culture is better for business. These include:

  • Health care expenditures at high-pressure companies are nearly 50% greater than at other organizations**
  • Over $500 billion is siphoned off from the U.S. economy due to workplace stress, and 550 million workdays are lost each year due to job-related stress***
  • A link between leadership behavior and heart disease in employees****

Those are just a few of many studies cited that illustrate the theme of a negative work culture being detrimental and costly.

Promote Work-Life Balance

Promoting work-life balance among your employees is a great start for fostering a positive work culture. This can include flexibility in work hours, time off, and remote work, if and when possible. If remote work is already a big part of your operations, encourage employees to firmly separate work and personal time. For example, let them know if it's OK to wait until they're on the clock to pay attention to work emails and messages. You can also encourage breaks, vacation time, and the occasional mental health day, within reason.

Be Empathetic

Show empathy to your employees and colleagues. This will make your team feel better about working for you and most likely get them to respect you more.

"Being unapproachable and unwilling to listen causes low employee retention rates and low company morale," says Shaan Rais at Entrepreneur.***** "Everyone comes to work knowing they have to walk on eggshells because their boss isn't going to understand that an unexpected family emergency is the real reason why the assignment was a day late. As the leader of a team with varying emotional needs, you must step up to the plate and develop your empathetic side. Empathy is a crucial quality for any leader who desires to build trust, rapport and understanding with their team."

Be Helpful to Team Members

Don't just be empathetic, be helpful, as well. If you see areas where people are struggling with tasks, offer some assistance. If you don't have time, appoint someone to help or let them know you'd like to set up a time to talk about the issues and help them figure out how they can perform better. Keep the conversation positive and let them know you want to help rather than reprimand them.

Remain Open to Communication

While it's important to set boundaries to help with your own productivity and mental health, your team should know that they can always communicate with you, and that you're open to hearing what they have to say and answer any questions. Respond promptly when you can. Let them know that you are taking them seriously, and that you will speak with them as soon as you can.

Celebrate Milestones and Special Occasions

It can be fun to celebrate milestones and special occasions in the workplace, whether it's a birthday, a work anniversary, or a goal that has been accomplished. You can schedule a special dinner or event, throw a company party, buy the team lunch, or simply bring in donuts in the morning. Gestures like these show that you care about your team and can also give the team an opportunity to get to know one another better outside of work-related tasks and conversations.

When there's a positive work culture, employees tend to care more about their work, and this makes them more productive. Give them a culture they enjoy being a part of, and your business stands to benefit.

* https://hbr.org/2015/12/proof-that-positive-work-cultures-are-more-pr

** https://bmcpublichealth.biomedcentral.com/articles/10.1186/1471-2458-11-642

*** http://www.apa.org/news/press/releases/stress/2014/stress-report.pdf

**** http://ki.se/en/news/poor-leadership-poses-a-health-risk-at-work

***** https://www.entrepreneur.com/leadership/how-to-be-the-empathetic-leader-your-team-needs/439968


The information provided is presented for general informational purposes only and does not constitute tax, legal or business advice. Any views expressed in this article may not necessarily be those of Nevada State Bank. Nevada State Bank is a division of Zions Bancorporation, N.A. Member FDIC

Annual NSB Small Business Survey Report

Each year, NSB surveys Nevada small business owners to gain valuable insights into what Nevada business people think about important issues and how they plan to deal with them.

Content above is offered for informational purposes only and does not constitute tax, legal, financial, or business advice. Contact a specialist about your specific needs and circumstances. Content may contain trademarks or trade names owned by parties who are not affiliated with Zions Bancorporation, N.A. Use of such marks does not imply any sponsorship by or affiliation with third parties, and Zions Bancorporation, N.A. does not claim any ownership of or make representations about products, services, or content offered under or associated with such marks.

Warning: you’re about to leave!

You're about to leave Nevada State Bank's website and be directed to a website that is not affiliated with Zions Bancorporation, N.A. dba Nevada State Bank and may have a different privacy policy and level of security. Zions Bancorporation, N.A. is not responsible for, and does not endorse or guarantee, the privacy policy, security, accuracy, or performance of the third party’s website, or the information, products, or services that are expressed or offered on that website.

Warning: you’re about to leave!

You're about to leave Nevada State Bank's website and be directed to a website that is not affiliated with Zions Bancorporation, N.A. dba Nevada State Bank and may have a different privacy policy and level of security. Zions Bancorporation, N.A. is not responsible for, and does not endorse or guarantee, the privacy policy, security, accuracy, or performance of the third party’s website, or the information, products, or services that are expressed or offered on that website.

Warning: you’re about to leave!

You're about to leave Nevada State Bank's website and be directed to a website that is not affiliated with Zions Bancorporation, N.A. dba Nevada State Bank and may have a different privacy policy and level of security. Zions Bancorporation, N.A. is not responsible for, and does not endorse or guarantee, the privacy policy, security, accuracy, or performance of the third party’s website, or the information, products, or services that are expressed or offered on that website.

Warning: you’re about to leave!

You're about to leave Nevada State Bank's website and be directed to a website that is not affiliated with Zions Bancorporation, N.A. dba Nevada State Bank and may have a different privacy policy and level of security. Zions Bancorporation, N.A. is not responsible for, and does not endorse or guarantee, the privacy policy, security, accuracy, or performance of the third party’s website, or the information, products, or services that are expressed or offered on that website.

Warning: you’re about to leave!

You're about to leave Nevada State Bank's website and be directed to a website that is not affiliated with Zions Bancorporation, N.A. dba Nevada State Bank and may have a different privacy policy and level of security. Zions Bancorporation, N.A. is not responsible for, and does not endorse or guarantee, the privacy policy, security, accuracy, or performance of the third party’s website, or the information, products, or services that are expressed or offered on that website.

Warning: you’re about to leave!

You're about to leave Nevada State Bank's website and be directed to a website that is not affiliated with Zions Bancorporation, N.A. dba Nevada State Bank and may have a different privacy policy and level of security. Zions Bancorporation, N.A. is not responsible for, and does not endorse or guarantee, the privacy policy, security, accuracy, or performance of the third party’s website, or the information, products, or services that are expressed or offered on that website.

Warning: you’re about to leave!

You're about to leave Nevada State Bank's website and be directed to a website that is not affiliated with Zions Bancorporation, N.A. dba Nevada State Bank and may have a different privacy policy and level of security. Zions Bancorporation, N.A. is not responsible for, and does not endorse or guarantee, the privacy policy, security, accuracy, or performance of the third party’s website, or the information, products, or services that are expressed or offered on that website.

Warning: you’re about to leave!

You're about to leave Nevada State Bank's website and be directed to a website that is not affiliated with Zions Bancorporation, N.A. dba Nevada State Bank and may have a different privacy policy and level of security. Zions Bancorporation, N.A. is not responsible for, and does not endorse or guarantee, the privacy policy, security, accuracy, or performance of the third party’s website, or the information, products, or services that are expressed or offered on that website.

Warning: you’re about to leave!

You're about to leave Nevada State Bank's website and be directed to a website that is not affiliated with Zions Bancorporation, N.A. dba Nevada State Bank and may have a different privacy policy and level of security. Zions Bancorporation, N.A. is not responsible for, and does not endorse or guarantee, the privacy policy, security, accuracy, or performance of the third party’s website, or the information, products, or services that are expressed or offered on that website.

Warning: you’re about to leave!

You're about to leave Nevada State Bank's website and be directed to a website that is not affiliated with Zions Bancorporation, N.A. dba Nevada State Bank and may have a different privacy policy and level of security. Zions Bancorporation, N.A. is not responsible for, and does not endorse or guarantee, the privacy policy, security, accuracy, or performance of the third party’s website, or the information, products, or services that are expressed or offered on that website.