Is Your Company Resilient? 4 Qualities Resilient Companies Have in Common
Resilience is an attribute that many companies appreciate, yet can’t describe. Like a lot of corporate culture issues, it can be a matter of “I don’t know how to ask for it, but I’ll know it when I see it.” So how does a company become a resilient company, and create a corporate culture that values resilience?
There are 4 main qualities you’ll find in resilient companies. And by the way, not all successful companies are resilient companies! Some companies are successful but haven’t yet weathered a big storm. But most resilient companies can turn out to be successful companies, because they have these 4 characteristics in place, to allow them to adapt and grow.
A Leader Who Has Struggled
John Paul DeJoria is the founder of Paul Mitchell haircare and Patron tequila. But before he shampooed some of the most famous people in Hollywood, he lived in his car and sold hair products door to door. He credits his early life difficulties to helping him develop the work ethic that built his global businesses. But he’s also notorious for retaining the same employees for decades! Some leaders act like they can only get the best out of their team members by pushing them to the breaking point. But leaders who have truly struggled in life tend to understand that true leadership has more in common with compassion than fear. With that perspective, they can help their teams learn the lessons of resilience.
Managers Who Aren’t Afraid of Conflict
Workplace conflict can be distracting. But it doesn’t have to be destructive. In fact, there are two types of conflict, and one of those types of conflict is GOOD for your organization! Task-related conflict is when two people disagree on *how* something should get done, but they agree on the desired end result. This kind of conflict, if handled correctly, can help companies be more solution-oriented and innovative. Of course, if handled incorrectly or ignored, even the good kind of conflict can turn into people-related conflict, which is the bad kind. To build a resilient company culture, managers need to not be afraid to step in and keep conflict task-related. (If you need more information about telling the difference between task-related conflict and people-related conflict, check out my video here.)
Many companies know that vertical communication and letting employees’ voices be heard is an important part of employee engagement and building an inclusive corporate culture. But it’s also part of building a resilient company, as well. Vertical communication builds resilience within your culture by helping your organization identify and respond to all possible problems and issues quickly. If only the highest levels of leadership are talking back and forth, and then communicating *down* to the staff but not listening back, they may be missing major problems on the horizon. This kind of communication is important all the time, but it’s *especially* critical during change. When a company is going through transition, employees need to feel like communication is happening in all directions, so they can get on board with the change.
Great HR and Hiring Practices
A company can’t be resilient if it doesn’t have resilient employees. And it can’t have resilient employees if it doesn’t hire for resilience, train for resilience, and let go of people who can’t be part of a resilient culture. In fact, failure to let go of underperformers and employees with poor attitudes is a major resilience-drainer for organizations. A company with a resilience built in to the corporate culture will make it a priority to hire and retain employees who show individual resilience, and those priorities should be reflected in writing in their HR practices.
Nothing ruins a great job like bad company culture. If you’re looking for a company that has a strong culture, it’s hard to know what to look for when you’re just interviewing. These 4 qualities are key indicators that the company may have what it takes to both be successful and be a great place to work, at the same time.