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Secrets to Being a Top Company to Work For
Posted on January 23rd 2013
The annual "100 Best Companies to Work For" report is in and several companies have made the list again. Among the repeat winners are Google, SAS and Edward Jones. Looking at this report is encouraging because it highlights companies that take pride in creating work environments where employees develop professionally and thrive in work cultures that recognize employee performance and values work-life-balance.
These companies have figured out that creating environments that foster trust and employee engagement can have a positive effect on the bottom line – which creates a win-win for both the employee and the company.
So what do these companies do differently?
7 Things Top Companies to Work For Do Well
1. Pay and Benefits
Each company focuses on providing employees with competitive pay and benefits, and some offer generous profit sharing options. They understand that it takes competitive pay to attract and retain the best and the brightest employees.
2. Work-Life Balance
Many of these companies foster work life balance by offering flexible work schedules, telecommuting and job sharing programs. Many offer paid sabbaticals or free trips for tenure and good performance.
3. Professional Development
Employee development and continuing education is a priority for many of these organizations. Developing a skilled and competitive workforce is a business priority.
Reading through the list shows the creative ways that companies are providing work environments that are fun, interactive and relaxing. Take a look at the sports complex that Google offers.
5. Employee Support
On-site daycare and wellness centers are other services that are offered to employees of some of these winning organizations. These companies recognize that by helping employees with the issues of life makes for a happier and more productive workforce.
6. Productivity Incentives
Many organizations offer incentives to employee teams that achieve business goals or provide great customer service. These can be awarded in gift cards, cash or paid time off.
7. Employee Trust and Engagement
These organizations invest a significant amount of time and effort into creating cultures that foster employee trust and engagement. These companies recognize the value of the employee perspective by getting employees involved in problem-solving and decision-making.
So why is this so important?
Many of these companies boast of low turnover rates and improved bottom lines by taking steps to focus on positive employee relations. It doesn’t take a rocket scientist to understand that by fostering employee engagement, the company performs better and boasts increased profits.
To see the list of Top 100 Companies to Work for, click here.
What do you do to make your organization worthy of the top 100 list?