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What Top Companies Get Right

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The Secret Behind the Best Companies


Happy Employees
According to a study by the Jackson Organization:
  • "Companies that effectively appreciate employee value enjoy a return on equity and assets more than triple that experienced by firms that don't."

  • The numbers gathered by Fortune's list between 1998-2005 show that these best companies to work for had stock prices that rose an average of 14% per year, compared to the 6% rise in the overall market

  • Every year, Fortune releases a list of "100 Best Companies to Work For." These "best" companies are not only ranked highly by their employee experiences, but have the growth stats to match.

  • Take a look at what some of the best companies are doing to build their success from the ground up.

Google


  • Industry: Media

  • Number of U.S. Employees: 42,162

  • HQ Location: Mountain View, CA

  • Year Founded: 1998

  • FT Job Growth in the Past Year: 20.10%

    Benefits:
  • Free on-site fitness centers and subsidized gym memberships

  • Free on-site medical facility

  • Free on-site laundry and dry cleaning services

  • Free legal advice and discounts for legal services

  • Concierge services
    A concierge can help you do anything from run an errand to plan a party

  • Cafeterias and snack rooms, free to employees and almost never more than 150 feet away

  • Tuition reimbursement for applicable courses

  • Paid paternity and maternity leave

    • 6 weeks for dad

    • 18 weeks for mom

    • Death benefits


    Upon the death of a Google employee, all of their stock vests immediately and the spouse is given half of the employee's salary for the next 10 years

    Google Careers: "It's all about removing barriers so Googlers can focus on the things they love, both inside and outside of work. We're constantly searching for unique ways to improve the health and happiness of our Googlers."


SAS


  • Industry: Software, Information Technology

  • Number of U.S. Employees: 6,588

  • HQ Location: Cary, NC

  • Year Founded: 1976

  • FT Job Growth in the Past Year: 3.60%

    Benefits:
  • On-site childcare

  • On-site fitness center and subsidized gym membership

  • Many employees are able to set their own schedule

  • Free on-site health clinic

  • Subsidized cafeterias and snacks

  • Dry cleaning services

  • Car detailing services

  • On-site workday sports leagues

  • On-site short-term therapy

  • Off-campus family nights

  • Adoption assistance and paid adoption leave

  • Domestic partner benefits

  • Paid paternity and maternity leave


Average tenure at SAS is 10 years

Annual turnover was 2% in 2009

The software industry has an average of 22%

CEO Jim Goodnight: "My chief assets drive out the gate every day. My job is to make sure they come back."

The Boston Consulting Group


  • Industry: Professional services, consulting, management

  • Number of U.S. Employees: 2,552

  • HQ Location: Boston, MA

  • Year Founded: 1963

  • FT Job Growth in the Past Year: 10.70%

    Benefits:
  • Paid sabbaticals

  • Pays for 100% of healthcare costs

  • Offers job sharing

  • Offers compressed work weeks

  • Offers telecommuting option

  • Tuition reimbursement

  • Reimbursement for up to 2 classes a semester

  • Grad school reimbursement, including taking time off and paid living expenses

  • Domestic partner benefits

  • New hires can delay their start by 6 months and accept a $10,000 stipend to volunteer at a nonprofit

  • Employees who work in the office late receive a free dinner and cab ride home

  • Employees can spend a year of their careers working on social impact projects

  • To guard against burnout, the company flags too many long hours spent on a project

  • In 2013, BCG invested $14 million in work-life balance programs for employees

83% of current employees say that they want to stay with the company for a long time

Lucy Brady, a partner and managing director at the Chicago office: "There's just a true sense of partnership that permeates the whole place. It's about the team, and ‘We succeed together.' It just feels like a very supportive place to work."

How You Treat Your Employees Influences Their Work:


  • 89% of employees with high levels of well-being reported high job satisfaction

  • Almost two-thirds of those reported consistently putting in extra effort at work

  • 90% of all employees are willing to consider changing jobs

  • Unsatisfied employees are 11 times more likely than happy employees to move to a new organization in the next year

Happy employees are more productive employees

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Sources:

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