It is no coincidence that many of the most profitable companies in the world also have the happiest, most engaged employees and the most positive workplace cultures. Google, Starbucks, Whole Foods Market and Aflac top the list of the eighteen best Fortune 500 companies to work for in part due to a dedication to making their workplaces great ones.
How did these large corporations create such an amazing workplace culture? What can we learn from them?
They Clearly Demonstrate Their Appreciation for Employees
A quick display of appreciation can go a long way. It doesn’t even have to cost a penny or take more than two minutes of your time. The ways that you can show appreciation for your team are quite diverse.
There is the unconventional. Google gives out 100,000 hours worth of free massages to employees over a one-year period. Then there’s the free. The vice chair of NetApp calls 10-20 employees a day to tell them that they are doing a good job.
Other companies such as Qualcomm hold internal tech conferences to foster a sharing of knowledge and ideas. Administering safety bonuses, personalizing notes, booking special luncheons, recognizing and supporting diversity, offering low-cost insurance for part-time employees and setting up health and wellness centers are other interesting ways that companies say “we appreciate you!”
Takeaway: Showing appreciation for your employees can take a wide variety of forms and fit into any budget. Consistency is the key with appreciation programs.
They Give Employees Access to Leadership and Information
The tie between being a good place to work and consistent employee appreciation is quite logical, but this next theme might not be as obvious. Bradt finds that granting employees open access to senior leadership and company information is the second most common way that companies make their employees happy.
John Richels of Devon Energy said he gives his employees time with senior executives as often as possible. Whole Foods empowers employees in very unique ways. Employees have the option to vote on new hires, take field trips to visit suppliers and even view the salary of every employee in the company!
CarMax CEO Tom Folliard is known for mingling at town hall meetings and steak cookouts. CHWM Hill CEO Lee McIntire takes it to a new level. He posts his personal development plan on the company intranet!
Takeaway: Break down the barriers and allow communication to flow freely in your organization. Your executives should be accessible and open to suggestions from all levels. Transparency can also be important for companies that pride themselves on their integrity.
They Reward Employees for Their Achievements
Rewarding employees for their achievements is something that should always be a priority. At EOG, every employee is given stock. Not only is the stock a nice reward, but it is also a way to give an employee more reason to care about the success of the company. Their stock has risen 500% in the past decade, so it appears to be working.
Starbucks gives benefits and stock options to all employees who work at least twenty hours per week. The company culture emphasizes how it is possible for all employees to move up the ladder.
Other companies give their top performing employees travel incentives, merchandise and gift cards.
Takeaway: Employees who are rewarded and have a stake in the success of the company will typically perform at higher levels.
Is your company doing a particularly good job in any of these three areas? Feel free to share other ways your company has been successful in showing appreciation, granting access and rewarding your employees by commenting below. Also, please feel free to send me an email at email@example.com for more suggestions or to sign up for our newsletter.
Written by Kristopher Hewkin
JNR Incorporated is a results-based, globally recognized leader that specializes in creating custom travel, meeting, event, prepaid card and merchandise programs that motivate, engage and inspire the employees, customers and channel members of our clients. We have over 30 years of experience working with Fortune 500 companies of many diverse industries. Our programs are tailored to fit the specific needs of marketing, sales, management and human resource professionals. The unique solutions we apply are measurable and proven to increase performance, loyalty and revenues.