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25 Best Companies to Work For and Why

25 Best Companies to Work For and Why

While the clouds of the Great Recession may have finally dispersed six years after the financial crisis, there are some aspects of the economy that have yet to be repaired. The global economy is currently cultivating fewer employment opportunities than it did in 2007, for example, with the United Nations suggesting that the reduced levels of growth among developed nations is hindering the creation of viable and well-paid jobs.

While the global employment market may be struggling to recover fully from the recent recession, however, there are still numerous opportunities for proactive and skilled individuals who are motivated to work. This is also reflected in the disproportionate growth of some companies and market sectors, who continue to buck the trend and create brand new jobs for like-minded individuals.

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    The Top 25 Companies to Work for and why

    With this in mind, what are the top 25 companies to work for and why do they remain so enduringly popular? Let’s consider the following options: –

    1. SAS, Business Analytics and Software

    Business software developer SAS features regularly on the Fortune 500 list of top employers, and managed to reclaim second spot for 2014. It is renowned for its caring approach to employees, which currently means that its global team of nearly 14,000 staff members is able to benefit from onsite medical care and health centers. With a job growth rate of 3.6% and voluntary staff turnover of just 2%, it is clearly one of the most empowering and rewarding places to work in the current climate.

    2. Genentech, Biotechnology and Pharmaceuticals

    Job satisfaction can come in numerous forms, as while some individuals are motivated by their bottom line salary others look for less obvious rewards. For those who are looking to take pride in their work and influence positive change, a job at the American-based pharmaceutical outlet Genentech offers considerable rewards. While it does not have a particularly strong presence outside of the U.S., the firm made international headlines last year after it shipped a recently approved breast cancer drug to a medical centre where 3 patients were desperately awaiting treatment.

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    3. Intuit, Information Technology and Software

    A beacon of knowledge and industry insight, Intuit has been recognized as a discerning employer of choice for years. Based in the appealing location of Silicon Valley, it is extremely kind to its employees and offers genuine fitness incentives of up-to $650 a year for considerations such as gym membership, swimming lessons and Pilates classes. Also renowned as a key trainer and developer of employee skills, many staff members have reported that they work only sporadically for their first month and are given the chance to acclimatize and ease into their role.

    4. Wegman’s Food Market, Food and Groceries

    Ranking 12th in the Fortune 500 Top Employers list for 2014, Wegman’s Food Market has a renowned and long-standing reputation for nurturing graduate talent and driving internal progression. 66% of all job roles are filled internally, as youthful starters and college leavers are encouraged to develop their skills and progress through the ranks towards management. This has proven to be a huge attraction for ambitious workers, while average management salaries of $56,948 are also relatively competitive in the industry.

    5. Salesforce.com, Information Technology

    Another leader in the thriving Information Technology sector, Salesforce.com has carved an extremely lucrative niche in Cloud computing. It has doubled its workforce from 5,000 to a staggering 10,000 in the last 2 years alone, and added a total of 1,264 full-time positions in 2013. High-performing employees are also rewarded with innovative recognition programs and rewards, while skilled and accredited software engineers can expect to earn an average annual salary of $152,374.

    6. Vax, Electrical Goods and Consumables

    A recent entry onto the Sunday Times Top 100 Place to Work for 2014, Vax is not only the UK’s most renowned floorcare brand but also a leading international employer. A subsidiary of the TTI Electronics Group, it is active throughout Europe and also delivers a substantial turnover in the U.S.. Having experienced rapid growth in the last eighteen months and with plans to take on 100 brand new engineers in the UK alone between now and 2015, Vax is a brand that knows how to take care of its staff and their interests.

    7. Quicken Loans, Financial Services and Insurance

    While the financial services and insurance sector is considered to be relatively dour, there is one lender that is intent on reversing this perception. Based in Michigan and with a workforce of more than 8,000 employees, Quicken Loans has experienced huge growth in the last twelve months and created jobs at an increased rate of 46.20% during this time. Mortgage bankers can also expect to recoup significant earnings of approximately $112,000 per annum in their role, and this goes a long way to explaining why more than 2,500 Detroit residents applied for just 500 positions at the beginning of the year.

    8. Burns & McDonnell, Professional Services and Engineering

    Established in 1898, Burns & McDonnell is a professional services and engineering firm that combines traditional values with contemporary thinking. In essence, it features one of the best stock-ownership plans in the whole of the Western economy, which enables eligible employees to receive additional cash for the procurement of shares. With nearly 4000 employees across the globe and a high end salary of more than $127,000 per annum, it is a progressive and empathetic company that safeguards its employee’s well-being.

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    9. NuStar Energy, Transportation and Storage

    Employees at the world’s largest logistics and pipeline operators can benefit from an extremely lucrative benefits package, including a no-layoff policy, 100% health care premium coverage and a 401(k) match of up to 6%. Incredibly, 2013 also saw the firm’s director’s decline their annual bonuses so that their employees could retain theirs, which gives you an insight into the sense of teamwork and community spirit that exists. High end salaries reach an estimated $94,989 for terminal managers, so there are plenty of reasons to pursue a career at NuStar Energy.

    10. The Container Store, Retail and Specialty

    Global storage retailer The Container Store made the top 30 of the Fortune 500 list for the second year running in 2014, after a successful IPO that saw a staggering 14% of total shares purchased by employees. This, alongside impressive sales figures job growth of 7.90% in 2013, saw share prices double on the first day of trading from $18 to $36. This company also offers extremely competitive levels of remuneration in relation to market competitors, with store managers able to command an annual salary of $75,098.

    11. Zappos.com, Retail and Specialty

    Our first foray into the retail sector introduces us to Zappos.com, which is a leading and innovative retailer that has experienced considerable success in the last twelve months. With less than 5% of voluntary turnover among existing staff members, it is clearly a popular place to work and one that likes to empower employees through salary and incentives. The firm’s breadth of salaries range from $59,000 and $118,000 per annum, while the owners have also been known to reward employees with day trips to the Bahamas.

    12. Qualcomm, Telecommunications

    This telecom giant is an extremely people-focused business, especially when it comes to dealing with rewarding employees. This is reflected in its annual financial dealings, as last year $1,500 bonuses were awarded directly to employers who had worked tirelessly on successfully filing a new patent application. Alongside significant international expansion, generous benefits packages and impressive 2013 job growth of 16.30%, Qualcomm clearly offers genuine opportunity to proactive workers.

    13. Slinky Productions, Media and Film Production

    You do not need to be a large corporation to offer viable employment opportunities to workers, as British based media and film production company Slinky Productions can testify. A thriving creative firm with an impressive range of clients, it has worked alongside a huge breadth of international clients including Nokia, Land Rover and successful musicians the Kaiser Chiefs. After considerable growth in 2013, it offers individuals an opportunity to work in a fun and creative industry while also interacting with leading directors from around the world.

    14. Baker Donelson, Legal Services

    In terms of clear leadership and diversity, few businesses can match the appeal of legal service provider Baker Donelson. Despite boasting traditional value and having 126 years of experience in the industry, more than half of all 1247 employees are women and the company has an extremely progressive and innovative approach to administering justice. CEO Ben Adam insists that each client has a pro bono attorney with no billing requirement, for example, which enables less affluent individuals to receive representation and offers an insight into the company’s people-focused outlook.

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    15. Google, Media and Information Technology

    While much publicized diversity issues and the decision to discourage working from home and undermined Google’s reputation as one of the Western worlds’ leading employers, it remains an extremely attractive proposition for job seekers. The firms stock climbed past the $1,000 in 2013, delivering considerable return to loyal and hardworking staff members. With job rate growth on more than 20% in the last twelve months and new philanthropy programs enabling open-minded employees to exciting destinations such as India and Ghana, Google clearly remains one of the most coveted and innovative firms in the world.

    16. Edward Jones, Financial Services and Insurance

    With nearly 40,000 employees around the world and consistent job growth of 7%, Edward Jones is one of the largest and most established firms on our list. Interestingly, it rivals Starbucks in its number of U.S. locations and added a staggering 3,000 employees in 2013, while voluntary turnover is at an industry low of just 8%. Security is just one of the benefits that employees can access while working at this firm, however, with flexible job sharing opportunities and high-end salaries of approximately $90,000 per annum.

    17. UKRD Group, Media and Commercial Radio

    Another prominent and expansive British based firm, the UKRD Group topped the Sunday Time Top 100 Employers List for the second year running in 2014. There are a number of reasons that continue to drive this success, including a diverse workforce, a relatively young average age of 34 and more than 14% of all employees earning over £35,000 per annum. Although staff turnover may seem disproportionately high at 19%, this is relatively low in comparison with the overall industry average.

    18. Baker & McKenzie, Legal Services

    Not only does the renowned legal firm Baker & McKenzie deliver legal services to the general public, but it also provides a just and rewarding workplace for all employees. This is reflected in an extremely generous salary structure, which enables more than 84% of all staff members to earn a cumulative annual salary of £35,000 or above. In fact, 25% of the firms’ representatives earn in excess of £100,000 each year, while the average turnover of 9% is extremely impressive given the competitive nature of the sector.

    19. Hilcorp, Manufacturing and Production

    No list of top employers would be complete without a manufacturing firm, especially when you consider the prominence of this industry. This oil and gas exploration firm Hilcorp has grown at a rate of more than 9% since 2013, while a qualified engineer can claim an industry high salary of $211,874 per annum. The firm also announced a new incentive program called Dream 2015 recently, which promises to give every person in the company a staggering $100,000 if all goals are successfully met.

    20 Boot Camp Media, SEO and Website Design

    Some companies are fortunate to operate in vibrant industries, while others adopt an innovative approach to carving their own unique sector in the sector that they operate. Boot Camp Media belongs to the latter camp, as this SEO and website design firm that has built its recent success on considerable training and development. New members of staff often spend up to three months doing nothing more than learning and gaining valuable industry insight, while the company also allocates each Friday to educating employees and furthering their personal development.

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    21. USAA, Financial Services and Insurance

    One of the biggest climbers on the Fortune 500 List this year, USAA has created more than 1800 jobs in the last twelve months and now employees a grand total of 25,143 staff members. The company is driven by the goal of serving loyal American veterans and their families, and this is reflected in the fact that more than 8,200 vets and spouses have been integrated into the firm since 2005. With competitive salaries of between $47,433 and $115,106 per annum, there are also considerable financial rewards available to employees.

    22. Ultimate Software, Information Technology

    Yet another high-powered software company, employees at Ultimate Software have been rewarded handsomely for driving 18.70% growth in the last twenty-four months. As mandatory shareholders, they have seen stock prices rise by almost 100% between 2012 and 2014, creating an extremely lucrative dividend to supplement an average income of between $61,361 and $108,371. It is looking to create at least 300 more jobs in the year ahead, and this goes a long way to explaining why staff turnover is at an all-time low of just 1.9%.

    23. NetApp, Information Technology and Data Storage

    NetApp is an interesting inclusion in the list, as despite creating 494 jobs in 2013 and boasting high-end salaries of more than $90,000 its other statistics are not immediately impressive. It is a company with a higher purpose, however, especially for individuals who have a philanthropic outlook and a desire to effect social change. This is because NetApp offers staff members five paid days holiday every single year, so that they can volunteer and make a difference in their local community. With 13,040 staff members located around the world, this is an extremely meaningful investment.

    24. Mishcon de Reya, Legal Services

    The bright lights of London are extremely alluring for ambitious job seekers, with high-end salaries and luxurious property the order of the day. Mischon de Reya is a legal firm based in the heart of the British capital, and one that has a reputation for representing renowned celebrities such as Lady Gaga, Gordon Ramsey and the late Princess Diana. As if this was not enough, the company also remunerates handsomely with more than 71% of all employees earning substantially more than £35,000 per annum. As a package of employment, this has created a wonderful place to work and an exceedingly low staff turnover of 13%.

    25. Nugget Market, Retail, Food and Groceries

    A veteran of 9 years on the coveted Fortune 500 List, Nugget Market is a food and retail outlet with more than 1100 employees in the U.S. alone. With just 8% staff turnover, it is an extremely popular place to work and store directors can expect to command an impressive salary of over $115,000 per annum. Even check-out assistants who are paid by the hour can earn up to $40,000 each year, meaning that the firm generates a culture of empowerment and strive to reward staff for their hard and ceaseless work.

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    Published on March 20, 2019

    How to Write a Powerful Mission Statement for Your Business

    How to Write a Powerful Mission Statement for Your Business

    Have you ever felt lost in the minutia of your job?

    As a business owner, I can relate to getting bogged down in the day to day operations of my business. Things like inventory, payroll, scheduling, purchasing and employee management take up the bulk of my day.

    While these things are important and need to get done, focusing too much on the details can make you lose sight of the big picture. This is why having a good mission statement comes in handy.

    What is a Mission Statement?

    Put simply, a mission statement is an internal document that provides a clear purpose for the organization. It provides a common reference point for everyone in the organization to start from.

    In other words, after reading your company’s mission statement, managers and employees should be able to answer the question “What are company’s main objectives?” For example, Southwest Airlines mission statement reads:[1]

    “Southwest Airlines is dedication to the highest quality of Customer Service delivered with a sense of warmth, friendliness, individual pride, and Company Spirit. We are committed to provide our Employees a stable work environment with equal opportunity for learning and personal growth.”

    In this single statement, Southwest conveys the company’s goals of providing the highest level of customer service as well as providing a good working environment for their employees.

    Mission Statement VS. Vision Statement

    While the mission and vision statements are related, there are subtle but distinct differences the you should be aware of.

    First of all, a mission statement is designed primarily as an internal company document. It provides clarity and direction for managers and employees.

    While there’s nothing wrong with sharing your company’s mission statement with the outside world, its intended audience is within the company.

    While a mission statement provides a general framework for the organization, the vision statement is usually a more inspirational statement designed to motivate employees and inspire customers. Going back to Southwest Airlines, their vision statement reads:[2]

    “To become the world’s most loved, most flown, and most profitable airline.”

    This statement inspires good feeling from the customer while motivating the employees to achieve that vision.

    What Does a Good Mission Statement Look Like?

    When coming up with a mission statement, it’s important to take your time and do it right. Too often, people (especially entrepreneurs) just write down the first thing that comes to mind and they end up with worthless or (worse yet) a generic mission statement that is utterly useless.

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    Remember, a mission statement should provide a common framework for everyone in your organization.

    When writing a mission statement, you should always try to incorporate the following;

    • What we do?
    • How we do it?
    • Whom do we do it for?
    • What value are we bringing?

    Now, you can see how tempting it is to just come up with something generic that ticks off those four boxes. Something like “We provide the best widgets available online for the consumer.”

    After all, that did check off all the boxes:

    What we do? Provide widgets.

    How we do it? Online.

    Who do we do it for? The consumer.

    What value we bring? The best widgets.

    The problem with this mission statement is that it could apply to any number of companies producing the same widget. There is nothing to distinguish your company or its widgets from any of your competitors widgets.

    Compare that mission statement to this one:

    “We provide the highest quality widgets directly to the consumer at an affordable price backed up with a 100% satisfaction guarantee. If our clients aren’t 100% satisfied, we’ll make it right.”

    What’s the difference?

    Both mission statements answer all the same questions of what, how, whom and value. But in the second statement, they are differentiating their company from all other competitors by answering the question “what makes us unique”.

    Another way to read that is, “Why you should buy from us.” In this example, it’s because our widgets are of the highest quality and we stand behind them 100%.

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    You might have noticed the statement didn’t say that we sell widgets at the lowest possible price. That’s because we are emphasizing quality and satisfaction over price.

    A different company’s mission statement may emphasize selling widgets at the lowest possible price with little to no mention of a guarantee.

    Hallmarks of a Good Mission Statement

    1. Keep It Brief

    Your mission statement should be no longer than three sentences. This is not your company’s magnum opus.

    You should be able to distill the what, how, who and why questions into a succinct message.

    2. Have a Purpose

    A company’s missions statement should include the reason it even exists.

    Make clear exactly what the company does with statements like “We strive to provide our customers with …….”

    3. Include a “How”

    Take this as an opportunity to differentiate your company from its competitors.

    How do you provide a product or service that’s different or better than how your competitor provides it?

    4. Talk About the Value You Bring to the Table

    This is where you can really set yourself apart from the competition. This is the “why” customers should buy from you.

    Do you offer the lowest prices? Fastest delivery? Exceptional customer service? Whatever it is that sets you apart and gives your particular products, services or company an advantage talk about it in the mission statement.

    5. Make Sure It’s Plausible

    It’s okay to shoot for the stars just to settle for the moon, but not in a mission statement.

    Being overly ambitious will only set you and your employees up for failure, hurt morale and make you lose credibility. You will also scare away potential investors if they think that you are not being realistic in your mission statement.

    6. Make It Unique and Distinctive

    Imagine if someone who knew nothing about your business walked in and saw how it was operating, then they read your mission statement. Would they be able to recognize that mission statement was attached to that business? If not re-work it.

    7. Think Long Term

    A mission statement should be narrow enough so that it provides a common framework for the existing business, but open enough to allow for longer term goals. It should be able to grow as the business grows.

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    8. Get Feedback

    This is very important, especially from managers and employees.

    Getting their input can clarify how they currently see the company and their role within the organization. It’s also a good way to get people “on-board,” as studies show that people are more likely to go along with an idea if they feel included in the decision making process beforehand.

    9. Review Often and Revise as Necessary

    You should review the missions statement often for two reasons.

    First, as a reminder of what the essence of the company is. It’s easy to forget when you are in the day to day grind of the business.

    And two, to make sure that the mission statement is still relevant. Things change, and not everything can be anticipated at the time a mission statement was written.

    For example, if a mission statement was written before the advent of the internet, a company that use to sell things door to door now probably has a website that people order from. You should always update the mission statement to reflect these changes.

    The Value of Mission Statements: Why Go Through All of These in the First Place?

    It may seem like a lot of work just for a few sentences that describe a company, but the value of a well written mission statement should not be discounted.

    First of all, if you are an entrepreneur, crystallizing the what, how, whom and value questions will keep you focused on the core business and its values.

    If you are a manager or other employee, knowing the company’s basic tenants will help inform your interactions with both customers and colleagues alike.

    Strategic Planning

    A relevant mission statement acts as a framework for strategic planning. It provides guidance and parameters for making strategic decisions for the future of the company.

    Measuring Performance

    By having the company’s mission in a concrete form, it also allows for an objective measurement of how well the organization is meeting its stated goals at any one time.

    Management can identify strengths and weaknesses in the organization based on the criteria set forth in the mission statement and make decisions accordingly.

    Solidifying the Company’s Goals and Values for Employees

    Part of a well run organization is nurturing happy and productive employees.

    As humans, we all have an innate need for both purpose and to be part of something larger than ourselves. Providing employees with a clearly defined mission statement helps to define their role in the larger organization. Thus, fulfilling both of these needs.

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    Now I’m not saying that a mission statement can overcome low pay and poor working conditions, but with everything else being equal, it can contribute to a happier and more productive workforce.

    To Hold Management Accountable

    By creating a mission statement, a company is publicly stating its highest values and goals for the world to see. By doing so, you are inviting both the public and your employees to to scrutinize how well the company lives up to its ideals.

    So if you state that you only provide the highest quality products, and then offer something less, it’s fair for both the public and the employees to question, and even call for a change in management.

    If management doesn’t take the mission statement seriously, no one else will either; and the legitimate authority that management rely’s on will be diminished.

    To Serve as an Example

    This is the opposite side of the coin from the previous statement. If the highest levels of management are seen taking the mission statement seriously and actively managing within the framework of the statement, that attitude filters down throughout the organization.

    After all, a good employee knows what’s important to their boss and will take the steps necessary to curry favor with them.

    Finally, use the company’s mission statement as a way to define roles within the company. You can do this by giving each division in the company a copy of the mission statement and challenge the head of each division to create a mission statement for their respective departments.

    Their individual mission statements should focus on how each department fits in and ultimately contributes to the success of the company’s overall mission statement. This serves as both a clarifying and a team building exercise for all parts of the organization.

    Final Thoughts

    Developing a mission statement is too often just an after-thought, especially for entrepreneurs. We tend to prioritize things that we perceive will give us the biggest “bang for our buck.”

    Somehow, taking the time and effort to sit down and think seriously about the what, whom, how and value of our business seems like a waste of time. After all, we got in the business to make money and become successful, isn’t that all we need to know?

    That mindset will probably get you started okay, but if you find yourself having any success at all, you’ll find that there really is such a thing as growing pains.

    By putting in the time and effort to create a mission statement, you are laying the groundwork that will give you a path to follow in your growth. And isn’t building long term success what we are really after?

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    Featured photo credit: Fab Lentz via unsplash.com

    Reference

    [1] Southwest Airlines: About Page
    [2] Fit Small Business: 10 Vision Statement Examples To Spark Your Imagination

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