The third installment of FTI Consulting and Mine The Gap's research on gender dynamics in the workplace, compiled into a report entitled Culture at Work, highlights the critical importance of office and workplace cultures in cultivating, developing and protecting most companies' biggest investment: their people.
FTI Consulting and Mine The Gap surveyed nearly 6,000 women and men professionals across the technology, finance, legal, energy and healthcare industries. According to the research, both women and men professionals, across all the surveyed industries, consider work-life balance and a welcoming office culture with camaraderie and connectivity among colleagues to be top corporate values, outweighing "financial perks" and "company growth." For both women and men, "feeling undervalued" was the number one reason for leaving a company, above dissatisfaction with current compensation or being recruited away for better pay. In addition, 62% of women professionals reported personally feeling or witnessing others feel undervalued by their manager, team or company in the last year. Combined, these numbers demonstrate the need for workplace culture change in key industries to strengthen worker satisfaction and ensure long-term employee retention.