Culture. It seems so simple and so profound at the same time.
Almost every operator in the apartment industry celebrates the merits of a strong culture, and many proudly claim to have it at their organization. But what truly makes up a vibrant company culture beyond just a mantra or catchy slogan that resonates deeply with associates?
Here is a look at some of the key drivers of a thriving culture, all centered around one common theme—showing associates that you genuinely care about them.
Transparency and open communication
A great culture begins with the company's leaders. Employees crave genuine feedback from leadership. They appreciate honest communication that stems from empathy and integrity. Whether it's a new or longtime associate, providing clear expectations and realistic timelines builds trust.
Transparency and communication should be foundational elements for leaders, who set the blueprint for the company's culture and directly influence employee engagement. Leaders are responsible for sharing the company's vision and goals, and with mutual trust from associates, creating a meaningful and inclusive work environment becomes achievable.
Work-life balance
We all know that friend whose job stress spills into the weekend. If work anxiety is leading to tears when you're supposed to be enjoying NFL Sunday or an after-hours concert, it's a sign that your work-life balance needs adjusting.
While most jobs have moments that require going above and beyond, these should be the exception, not the rule. Organizations can help ensure their employees achieve a positive work-life balance by offering reasonable PTO and flexible schedules when possible. While many multifamily duties must be handled onsite, some departments should have the option for hybrid home/office schedules and the flexibility to complete tasks at their own pace.
Organizations can also inject fun into the work routine with periodic activity days such as spending all or part of the workday offsite.
Opportunities for growth and development
Employees are most engaged when they see a clear path for growth. Providing empowerment with expectations is crucial, but organizations should also offer learning and development resources to help associates grow. Whether it's literature, video resources or the chance to connect with a mentor associate, giving the employees the tools to learn at their own pace—even for roles outside of their current position—ensures they can grow within the company and take steps to advance.
Empowering employees to make decisions fosters a greater sense of purpose and engagement.
Employee recognition
By celebrating milestones and achievements, leaders show they genuinely appreciate their associates' efforts. Recognizing work anniversaries, industry tenure or achievements like leasing a high number of homes or exceeding occupancy targets creates a positive atmosphere. Honoring an employee of the month, quarter or year also boosts morale and fosters a sense of community.
While these strategies can help build a thriving culture, it's essential to start by hiring the right associates. Operators should align their core principals with the ambitions of potential new hires. When these values match, it creates the foundation for a strong fit and a successful relationship.
Culture can be challenging to define, but when organizations have a thriving one, it's unmistakable. It is also evident when they do not, often leading to high turnover. By following these steps—and adding unique touches that reflect your brand and organization—you can ensure you're on the right path to a positive culture.