Every year, business magazines release their annual list of Best Places to Work but do we really know what makes it a “best place”? Often it means different things to different people. What are some common characteristics that make a company a “best place to work”? How can you recognize such an organization?
Companies that routinely make a “best place to work” ranking have these 10 things in common:
- Above market salary structure (they pay a premium for the best talent available).
- Generous and affordable benefits that are meaningful to most employees regardless of age or socio-economic status.
- Advancement Opportunities that allow for multiple career options.
- Great, not just good Leadership: People want to work for effective leaders because it makes their work life easier and more rewarding.
- Highly engaged employees who make work “fun” by being excellent at what they do and easy to work with. No drama, conflict or backbiting!
- A culture that is almost devoid of politics and where people are rewarded for results, not who they know.
- Meaningful work that serves a real purpose in moving the organization forward, while satisfying employees’ inner needs and motivation.
- Ongoing professional development opportunities: Being paid to learn something new and different.
- Clear and easy to understand policies and procedures. Tell me what you want me to do, or NOT do, then get out of my way.
- Transparent rewards and recognition: Clear to all employees with no favoritism.
If you are looking for a Best Place To Work, you may also benefit from the wide range of sites geared towards capturing employee reviews of places they have worked. Online resources like the following can be helpful in getting a preview of what it would be like to work at a given company or organization: