Who topped the list?
Genentech: 8,000 employees (42% minorities)
20% job growth And 246,000 job applicants. Imagine the competitive advantage of that much potential talent in the pipeline!
What's in?
- Telecommuting
- Compressed work weeks (4 10-hour days)
- Personal concierge services
- Benefits aligned with your mission (i.e. the subsidized purchases of hybrid vehicles)
- Washing employee's cars
- Taking them to the movies on Friday's
- Flying them on a private jet to meet the CEO
- Free hair and nail salon, dentists, massage and latte on premises
- Mom's hours: 8-3, summers off
They work hard/they play hard. These companies all have a mission and culture which is shared and imparted among all employees. They wear it proudly, like a badge, a t-shirt or a medal of honor. They protect it, and are active participants in mentoring new employees into the fold. They are listened to, recognized and rewarded by their managers and CEO. According to Fortune "employees get deep staisfaction, and become devoted to their employer, from feeling that what they do is good and right."
It pays.
When Deloit Consulting tracked the shareholder returns of the 56 publicly traded firms on the 2005 list, they consistently beat the S&P 500 by more than 5%.
The chicken or the egg.
It remains unclear what came first? Whether the great companies that know how to make money, also know how to treat their talent. Or, is it that the better you treat your talent, the greater the return to shareholder?
One thing is for certain. An employee-first culture means profits come as well.
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