A new company has launched today in Yorkshire to combat the recruitment and culture crisis currently taking place in businesses across the UK.
Culco, founded by Jane Slimming and Lisa Lister, has been established to provide cross-sector business owners with the knowledge, support, and ability they need to develop a positive workplace culture, attract and retain talent to reduce recruitment costs and bridge skills gaps, and increase productivity and creativity.
According to research by Oxford Economics and Unum, the average cost of turnover per employee (earning £25,000 a year or more) is £30,614, and breatheHR states that poor workplace culture is costing the UK economy £23.6 billion annually.
Many business leaders struggle knowing where to start when it comes to investing in their culture. Dawn Stott, CEO at The Association for Perioperative Practice, said: “It’s a massive topic in health care and “healing the healer” is the new buzz. It’s so important but difficult to achieve due to workload and many other pressures. It’s also a difficult one to gauge as a manager as what causes angst for one isn’t the same for another.”
The company will offer support to businesses through its revolutionary programme which includes seminars, peer-to-peer support, specialist consultancy, and insight into employee engagement. Within this programme business leaders will be able to access support through initiatives such as peer-to-peer roundtable events, a designated consultant, and a programme of speakers and workshops.
Success will be measured through a range of outputs including productivity increase, staff retention, individual wellbeing improvements, and a reduction in recruitment costs.
Jane Slimming, Co-Founder of Culco, is looking forward to supporting businesses across the UK. She commented: “Never before has culture been so important for companies to take seriously and invest in. Not only does it make commercial sense to keep staff happy and fulfilled, but from a personal perspective I’ve always cared about seeing people flourish and grow.
“I’ve found navigating the pandemic difficult, particularly maintaining culture and staff fulfillment, and I know I’m not alone. Lisa and I set up Culco to provide a support network for business owners to help them develop thriving cultures which retain talent and create a motivated and happy workforce. We’re really looking forward to working with businesses across the UK and seeing the impact that our support will have on them and their employees.”