Fortune magazine have just released their annual ranking of the 100 Best Companies to Work For. An extensive employee survey was carried out throughout corporate America. Of some 1,500 firms that were contacted, 407 companies participated in this year's survey. Nearly 100,000 employees at those companies responded to a 57-question survey created by the Great Place to Work Institute, a global research and consulting firm. Most of the company's score (two-thirds) is based on the results of the survey, which is sent to a minimum of 400 randomly selected employees from each company. The survey asks questions related to their attitudes about the management's credibility, job satisfaction and camaraderie. The other third of the scoring is based on the company's responses to the Institute's Culture Audit, which includes detailed questions about demographic makeup, and pay and benefit programs, as well as a series of open-ended questions about the company's management philosophy, methods of internal communications, opportunities, compensation practices, and diversity efforts, etc.
This year’s ranking sees the number one slot taken by tech powerhouse SAS (up from number 20 last year). The company has an impressive list of benefits including: high-quality child care at $410 a month; 90% coverage of the health insurance premium; unlimited sick days; a medical centre (at no cost to employees); a free 66,000-square-foot fitness centre and natatorium; a lending library; and a summer camp for children.
The investment adviser Edward Jones retains the number 2 spot having successfully weathered the recession without closing one of its 12,615 offices or laying off a single employee (the British division was sold in October). Salaries were frozen, but profit sharing continued.
Wegmans Food Markets rated one of the best groceries in the nation, and a former No. 1 on the list (in 2005), move up to the number 3 slot. The company has never had a layoff in its 94-year history. More than 4,000 employees, 11% of the workforce, have been here more than 15 years.
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