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May 11, 2020 · Jon Clark. May 11, 2020,08:30am EDT. Share to Facebook. Share to Twitter. Share to Linkedin. Photo: Getty. What makes a company great in the eyes of its employees? That’s an open-ended question...
- Great companies have a reason for being. Great companies address an enduring societal need. They provide something people want, and that makes life better.
- Great companies excel at being trustworthy. Great companies are very clear, implicitly and explicitly, on what it means to be trustworthy. Trust starts at the top of the organization and resonates through the senior leadership team (SLT) to frontline team members and, from there, to every Ideal Stakeholder (more on that below).
- Great companies have a very clear sense of who their Ideal Stakeholders are and build high-trust relationships with every one of them. We believe great companies excel at developing and maintaining high-trust relationships with what we call Ideal Stakeholders (Ideal Team Members/Employees, Ideal Customers, Ideal Vendors, Ideal Investors, Ideal Strategic Partners, and Ideal Communities).
- Great companies don’t try to be all things to all people. A great company is clear about what it is (and isn’t) selling. This goes hand in glove with getting clear on their Ideal Stakeholders, as well.
- Competitive Compensation
- Company Culture
- Community
- Trust
- Fairness
- Communication
- Professional Development
- Caring
- Transparency
- Honorable Mission
Profit-sharingBonusesStock optionsFree mealsWork hoursLocationCommunicationManagement styleCelebrate milestones and special events.Offer profit sharing or performance-based bonuses.Avoid laying off employees.Changing an employee's role to better fit their skills.Flexible work hoursRemote work optionsUnlimited paid time offTransparent financialsUnbiased promotionsEqual recognition and rewardsEqual distribution of tasksRegular and open feedbackEmployee engagement surveysConversations between managers and employeesCompany or financial status updatesManagers and employees who regularly ask for feedbackTime off or money toward pursuing a new degreeMembership in professional organizationsFree continuing education opportunities such as seminars, conferences and classesSkills or management trainingGenerous maternity and paternity leaveStress-reduction activities such as yoga classes or meditation sessionsMessages of encouragement during difficult timesSafe and comfortable workspacesRegular meetings or updates on the company's problems and successesAn open-book management style in which the company's leaders share financial and other important information with all employeesLeadership that asks for employee feedback or ideas when overcoming financial, operational or strategic challengesApproachable and accessible managementNonprofitsProducts or services that add value to the worldOrganizations with goals beyond earning moneyBusinesses that give a certain amount of employee time or company profits to a meaningful causeJun 8, 2023 · 1. Credibility. Employees at great workplaces find their people managers and leaders to be more credible: According to our research, 83% of employees at the 100 Best Companies said management’s actions match its words, versus 42% of employees at the average workplace.
- Sammi Caramela
- Willingness to take chances. Business owners who are willing to take chances tend to achieve more than those who play it safe. “Successful businesses may be established enough to follow stable business processes, but they’re also bold as well as risk-taking,” said Jake Smith, managing director of Absolute Reg.
- Unique value. Providing customers with unique value helps businesses stand out from their competitors, said Reda Elmardi, CEO of Strong Chap. “We can’t all have the cheapest prices, but you can surely emphasize other aspects of benefit,” Elmardi added.
- Tenacity. To both reach and retain success, businesses must have tenacity, or determination, and persistence in the face of conflict. “Tenacity will allow you to withstand the toughest of times and also fully embrace the best of times,” said Christopher Grozdon, CMO of DASH-SEO.
- Customer-centric approach. Many businesses get swept up with their own personal goals and lose sight of those who matter most: their customers. “One thing successful businesses have in common is … a strong customer focus,” said John Stevenson, marketing specialist at My GRE Exam Preparation.
Sep 19, 2022 · Summary. The characteristics that help an organization succeed have changed over the past century. While a highly structured, top-down management style used to be companies’ preferred approach ...
Jun 15, 2023 · Caroline Forsey. Published: June 15, 2023. Company values help you direct every person on your team toward a common goal. They remind you that you share a bigger purpose. Businesses often look to each other to figure out how to refine their values, habits, and ideas into a set of values.
