Global workplace authority Great Place to Work has just published its 16th annual ranking of the Best Small and Medium Workplaces, in partnership with Fortune. The list of 150 companies was determined after an analysis of data that was compiled from the results of employee surveys that were collected using Great Place to Work’s Trust Index.
Small and medium-sized businesses have a tremendous influence on the US economy and workforce,” said Michael C. Bush, CEO of Great Place to Work. “These organizations have found the key not only for winning top talent against their larger competitors, but also for playing a leadership role in dramatically improving the day-to-day experience of US labor conditions by creating great workplaces where everyone can succeed regardless of who they are or what job they perform.”
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According to Great Place to Work’s research, as a company increases its headcount, it is critical for leaders to pay attention to three growth readiness indicators.
- People avoid politicking and backstabbing as ways to get things done.
- Promotions go to those who best deserve them.
- Managers avoid playing favorites.
The survey results show that these three employee sentiments change the most as a company scales its people power. By growing too fast, a company can severely damage its culture. By growing too slow, the competition can corner the market. However, outperforming competitors is more than getting there first. Without the right culture, it won’t matter how fast a company gets to the market because it won’t last. The cost of culture is higher than people realize – it’s not only in increases of regrettable turnover but also in significant decreases in revenue and innovation capacity. Once trust is broken in the organization, or if it hasn’t fully formed, with every additional employee, it is exponentially harder – and more costly – to regain that trust.
The Top 10 Best Workplaces on the Small Companies List
- Hughes Marino
- MST Solutions
- You Need a Budget LLC
- Educe Group
- Phenom People
- Spotlight | Analyst Relations
The Top 10 Best Workplaces on the Medium Companies List
- Intuitive Research and Technology
- Modern Technology Solutions
- KnowBe4, Inc.
- PeopleTec, Inc.
- Collaborative Solutions
- WestPac Wealth Partners
- Horizon Therapeutics
It’s all about the relationships. When a company grows its headcount faster than its culture can strengthen, the relationships among the employees are used for short term self-interest rather than building trusted connections for long term business success.
Politicking, unfair promotions, and favoritism are all forms of that self-interest. Before adding additional headcount, monitor these three sentiments to ensure a workplace culture can thrive during the growing pains.
Leaders at small companies can learn more about scaling for growth while maintaining a great workplace culture, as well as what it takes to create a great place to work for every employee, by attending the Great Place to Work For All Summit, scheduled for March 3-5, 2020 at the Marriott Marquis San Francisco.
Great Place to Work is the global authority on workplace culture. Since 1992, it has surveyed more than 100 million employees around the world and uses those deep insights to define what makes a great workplace: trust. Great Place to Work helps organizations quantify their culture and produce better business results by creating a high-trust work experience for all employees. Emprising, its culture management platform, empowers leaders with the surveys, real-time reporting, and insights they need to make data-driven people decisions. Great Place to Work’s unparalleled benchmark data is used to recognize Great Place to Work-Certified companies and the Best Workplaces in the US and more than 60 countries, including the 100 Best Companies to Work For and the World’s Best Workplaces lists published in partnership with Fortune.
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