Does a company’s culture really matter to investors?
In this Australian Investors Podcast episode, Rask analysts Raymond Jang & Owen Rask look at some of ASX’s best-performing companies over the past 5 years and explain why company culture is vitally important.
The analyst duo takes a look at Nearmap (ASX: NEA), ARB Corporation (ASX: ARB), Commonwealth Bank (ASX: CBA) and Xero Limited (ASX: XRO) amongst many others.
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In this Australian Investors Podcast episode…
In this investing podcast discussion, Raymond and Owen cover ASX shares that appear to have the best and worst culture scores on Glassdoor, Seek Companies and Indeed.
Answered in this investors podcast:
- Why culture matters to investors just like a sporting team
- How to assess company culture before investing using free tools
- 4 of the WORST companies by share price performance and culture scores
- Some of the best companies by 5-year share price performance and culture
- The best & worst of ASX bank shares and why their culture ratings have recovered since the Royal Commission
Best quotes
“The more levels of management in an organisation, the harder it is to get things done” – Raymond Jang
Decentralised cultures work, provide staff with the tools and responsibilities, and let them learn from their failures” – Raymond Jang
“If players don’t understand their responsibilities, the whole team’s shape goes out the window” – Raymond Jang
“No leaders = performance standards either remain the same or goes backwards” – Raymond Jang
“The worst day at Bunnings is the best way at any other retailer”
“Passion over pedigree.” – Owen Rask
“Hire great people, not more people.” – Owen Rask
ASX bank shares culture ratings
| Bank (and link) | HR rating |
% of employees who would recommend
|
| CBA | 4.1 | 85.00% |
| ANZ | 4.1 | 85.00% |
| NAB | 3.8 | 77.00% |
| WBC | 3.9 | 80.00% |
| BOQ | 3 | 45.00% |
| BEN | 3 | 50.00% |
| MQG | 4 | 82.00% |
| SUN | 3.8 | 73.00% |
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Date of recording: February 18th, 2022
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