Avoiding unnecessary staff turnover is a deliberate strategy used by the top companies in the workd. They do this to keep their skills, knowledge and expertise in-house without having to constantly slow down to bring new people up to speed.
Fortune Magazine in the US has recently produced its latest list of the 100 Best Companies To Work For In America and it makes for very interesting reading.
NOTE: You’ll pick up many great ideas to help you become on of the Best Companies To Work For in the new HRwisdom Community Employee Attraction & Retention Guide. The Guide has sixteen employee management expert practitioners from all areas of the human resources field offering their best employee attraction & retention advice. For instant download of the comprehensive free “HRwisdom Community Employee Attraction & Retention Guide,” click on Reduce Staff Turnover now.
In this HRwisdom post we’re bringing you the rankings 31 - 40 of the Fortune Magazine 100 Best Companies To Work For In America.
31 S.C. JOHNSON WAX Racine, Wis Family that founded company in 1886 still owns and runs extraordinarily benevolent enterprise: no-layoff policy, rich profit-sharing plan, 146-acre employee park, vacation resort in northern Wisconsin, superlative child-care center, knockout fitness center that includes lap pool, full-length basketball court, squash courts.
32 INTEL Santa Clara, Calif. If you like having your ideas challenged, Intel is the place for you. The king of the PC chipmakers values directness in its relentless quest to come up with new ideas to stay ahead of the pack. Very egalitarian; CEO Andy Grove works in a cubicle. Great stock-option plan has turned more than 1,000 employees into millionaires.
33 UNUM Portland, Me. Largest writer of long-term-disability insurance. Stock options for everyone, profit-sharing bonuses that pay out between 10% and 30% of pay, a wellness program that reimburses employees who work out regularly, and an annual chairman’s award that rewards outstanding workers with $5,000 in cash and $2,500 in travel expenses.
34 WHOLE FOODS MARKET Austin, Texas You don’t simply get hired at the country’s biggest natural-foods supermarket chain. You have to be voted in by a team of fellow employees in order to achieve permanent status. The very model of an egalitarian corporation; CEO’s compensation capped at ten times the average team member’s pay.
35 MINN. MINING & MFG. St. Paul “A young company that’s 90-plus years old” is how one 3Mer described the culture of innovation and risk taking. All technical employees encouraged to devote 15% of their time to their own projects. Went through its biggest restructuring ever in 1996, eliminating over 7,000 positions–but laid off fewer than 100.
36 L.L. BEAN Freeport, Me. Intense focus on service animates this family-owned seller of outdoor apparel and equipment. Employees sing the praises of company for vacation campsites (available by lottery), one-third discount on merchandise (even more on returned items), paid outdoor wilderness days (hiking, rafting, fly-fishing, cross-country skiing).
37 REI Kent, Wash. Growing chain of stores that sells equipment needed for outdoor adventures is organized as a Rochdale cooperative (consumer-members own the enterprise). But unlike some utopian enterprises, it is an extremely well-run business. Number of stores–and employees–doubled in the past decade.
38 ACXIOM Conway, Ark. Highly charged employees–called associates here–process data about American consumers to help companies sell their products and services. Associates talk about no one looking over their shoulders. On-site child-care center and fitness center. Plenty of small-town Arkansas goodies: floats, cookouts, pizza parties.
39 USAA San Antonio Pride of San Antonio, where this auto and life insurer occupies world’s largest private office building. On-site areas for softball, soccer, tennis, golf, and two fitness centers. Some 80% of employees work a four-day week. Best in-house education and training programs in its industry. Five on-site child-care centers.
40 CMP MEDIA Manhasset, N.Y. Leading publisher of technology magazines went public in 1997–and made owners out of employees. Each employee received ten shares of stock, plus 30 more for each year of service. First company on Long Island with on-site child-care center. Founding Leeds family widely admired by employees for its extensive philanthropy.
Remember, you’ll pick up many great ideas to help you become on of the Best Companies To Work For in the new HRwisdom Community Employee Attraction & Retention Guide. The Guide has sixteen employee management expert practitioners from all areas of the human resources field offering their best employee attraction & retention advice. For instant download of the comprehensive free “HRwisdom Community Employee Attraction & Retention Guide,” click on Reduce Staff Turnover now.
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