Staff Turnover Strategy – Top 100 Employers Part 10
November 7th, 2011Hire Good Staff, Keep Good Staff, Manage Staff, Staff Management No Comments
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 1 - 10 of the Fortune Magazine 100 Best Companies To Work For In America.
1 SOUTHWEST AIRLINES Dallas Why is Southwest No. 1? Listen to a typical comment from the more than 100 we received from enthusiastic employees: “Working here is truly an unbelievable experience. They treat you with respect, pay you well, and empower you. They use your ideas to solve problems. They encourage you to be yourself. I love going to work!!”
2 KINGSTON TECHNOLOGY Fountain Valley, Calif. Nearly everyone in the U.S. wanted to work at this manufacturer of computer memory devices after last year’s stories about its year-end bonus averaging $75,000 per employee. The largesse was in line with company policies: free soft drinks and cups of noodles at all times and a golf driving range in the back of the plant.
3 SAS INSTITUTE Cary, N.C. The world’s largest privately held computer software company. Superb on-site child care for $200 a month. An on-site clinic that offers primary medical care at zero cost to employees. An award-winning cafeteria, where a pianist plays during lunch. No surprise that turnover, at 4% a year, is among the lowest in the software industry.
4 FEL-PRO Skokie, Ill. They make auto, truck, and motorcycle gaskets in a sprawling plant just north of Chicago. Ultra-family-friendly: $1,000 savings bond at child’s birth, affordable on-site child care, summer camp on company’s 200-acre recreation area, summer jobs for employees’ kids, and $3,500 annual college scholarships.
5 TDINDUSTRIES Dallas TDI installs and services air-conditioning and plumbing systems in six Texas cities. All stock is in the hands of employees, with no one owning more than 9%. A monthly meeting fills in all employees on financial results. Employees are wildly upbeat. One said, “This company makes you feel like a human being again.”
6 MBNA Wilmington, Del. This house of plastic, the second-largest issuer of credit cards, pampers employees so they will be nice to customers. The coddling includes four on-site child-care centers, one-week paid leave for new fathers and adoptive parents, adoption aid of up to $10,000. No. 1 hiring criterion: “People who like other people.”
7 W.L. GORE Newark, Del. Makers of Gore-Tex waterproof fabrics, Glide dental floss, and dozens of other high-tech materials. Employs avant-garde management theories that seem to work. Instead of a traditional hierarchy topped by bosses and managers, the company uses an organization in which dozens of so-called sponsors set the pace.
8 MICROSOFT Redmond, Wash. Remarkably challenging atmosphere for the brainy. Everybody gets stock options, and most professionals hired before 1992 have thus become millionaires; six became billionaires. All-company picnics with a rodeo and five bands. And Bill (never Mr. Gates) personally answers all E-mail from employees.
9 MERCK Whitehouse Station, N.J. The corporate credo is to put patients before profits, and that sense of mission permeates this drug company’s culture. Employees take obvious pride in the fact that Merck provides a low-cost anti-AIDS drug and gives away a medicine in developing countries that prevents river blindness. Some 31% of managers are women.
10 HEWLETT-PACKARD Palo Alto The godfather of Silicon Valley, still a trailblazer in people practices. Recently added domestic-partner benefits and nursing-home-care insurance for spouses, parents, and grandparents to an already lush benefits package. “They ‘walk the talk’ when they say their people are their most important asset,” one worker told us.
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.
HRwisdom









