Each year, the Great Place to Work® Institute produces Best Companies to Work for lists in the United States including FORTUNE 100 Best Companies to Work For® in America.
What Makes a Great Place to Work®?
At the heart of the institute’s definition of a great place to work is a place where employees "trust the people they work for, have pride in what they do, and enjoy the people they work with." A great workplace is measured by the quality of the three, interconnected relationships that exist within any organization:
- The relationship between employees and management.
- The relationship between employees and their jobs/company.
- The relationship between employees and other employees.
Enhancing the workplace delivers results including:
- Receive more qualified job applications (get more than your fair share of ‘A’ Players).
- Experience a lower level of turnover.
- Experience reductions in health care costs.
- Enjoy higher levels of customer satisfaction and customer loyalty.
- Foster greater innovation, creativity and risk taking.
- Benefit from higher productivity and profitability.
Best Companies Outperform Their Peers
When you invest in your people, you invest in your organization's success. A comprehensive review by the Department of Labor of more than 100 studies that examined the link between progressive people practices and improved bottom line results concluded that:
- There is a positive relationship between training, motivating, and empowering employees and improvements in productivity, employee satisfaction and financial performance.
- When developing and implementing a people strategy with progressive people practices, a combination of practices is more effective than a single practice
- The impact of progressive people practices is greater over the long term (3 plus years), indicating that practices need to be integrated into the work environment to provide benefits
· Fortune "100 Best" versus Stock Market 1998-2008
Any company can be a Great Place to Work®! For more information on Best Places to Work checkout:
- 2009 Top 25 Small Business Award Winners
- Best Places to Work Articles and Case Studies
- Best Small & Medium Companies to Work for in America Nomination and Application Process
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