Companies that employees say are great workplaces also demonstrate stronger financial performance, reduced attrition and higher loyalty scores than their peers says this year’s Fortune 100 Best Companies to Work For®.
Retaining (and inspiring) key organizational talent is about more than engagement, it’s about creating a workplace experience that celebrates collaboration, inspires and rewards perseverance and connects employees to purpose at every level, every day.
Focus on Employee Success is a Cornerstone of Building an Amazing Workplace
The companies that make Fortune’s 100 Best lists are known for their stellar employee satisfaction ratings, but they also deliver strong business performance year after year.
An analysis of this year’s winners found that an index of publicly-traded companies in the group returned 11.66 percent annually from 1998 through the end of 2016, nearly 5 percent more than the equivalent returns for benchmark companies over the same period. While these companies are consistently top performers, the real secret sauce that differentiates them may be an unwavering focus on their employees.
Inspired and Engaged Employees are a Cornerstone of High-Performance Companies
“Caring and high-trust company cultures with a sense of purpose and clarity are consistently associated with strong revenue and stock performance,” notes Michael C. Bush, CEO of Great Place to Work for All. Mr. Bush, along with his company’s research staff, evaluated input from over 315,000 employees on leader quality, support for professional and personal lives and colleague relationships.
Their research shows that leading companies focus on employees, tailoring the workplace experience to bring out the best in each contributor, regardless of what they do.
Michael C. Bush, CEO of Great Place to Work, and his research team argue that leading companies race ahead and lead the market because they bring out the best in every employee, regardless of who they are or what they do for the organization.
Why Do Employees Stay
Employee retention is a growing concern for many senior leaders across nearly every industry. A war on talent stands to threaten a company’s DNA—it’s people. Lessons learned from an analysis of the Best Companies shows that employees may join an organization for eye-popping salaries or wow-worthy benefits, but they stay for visionary management teams, cultural connectedness and a since of shared purpose.
Connections tailored to reach employees personally and designed to be dynamic, compelling, and meaningful, keep your rock stars humming. Solutions like vi’s employee integration and retention platform help companies bring people back into focus transforming simply hiring resources to unlocking employee excitement.
Make Your Company Great
Start with a focus on your people. From new employee integration through executive cultural emersion, empower employee collaboration, inspire action and instill your company’s sense of purpose at every level, for every contributor, every day.
Stop Losing Great People®
If you’d like more information about what intelligent, tailored employee retention and integration solutions can do for you, we’d love to help you. We can walk you through a demo, share customer success stories and case studies, and give you the resources you need to choose the right solution for your organization. We’re ready to help, contact us for more information or connect with us on Twitter and LinkedIn.