6 industry companies among 100 Best Workplaces for Millennials
The 100 Best Workplaces for Millennials listing released by Fortune and the Great Place to Work Institute this week included a half dozen companies with connections to the used-vehicle industry.
Officials explained that rankings for the 100 Best Workplaces for Millennials are based entirely upon employee feedback. The automotive contingent included:
—Navy Federal Credit Union at No. 13
—Credit Acceptance at No. 20
—Mercedes-Benz Financial Services at No. 36
—CarMax at No. 41
—JM Family Enterprises at No. 45
—ARI at No. 70
To determine the list, Fortune asked Great Place to Work to survey more than 88,000 millennials (born in 1981 or later), who were asked to rate their organizations on 58 workplace quality questions. Employees considered the sincerity of managers' support for people's personal and professional lives, how transparent communication is, people's ability to be themselves at work and to invest in their lives outside work, and the meaning they get from their jobs, among many other factors.
The anonymous responses resulted in a total score for each company, which was compared to the benchmark for organizations of that size. Companies needed to employ at least 50 millennials and achieve a 95 percent confidence level and margin of error of 5 percent or less in order to be eligible.
“There are more similarities than differences when it comes to what different generations want in a great workplace,” said Michael Bush, chief executive officer of the Great Place to Work Institute.
“Our research shows that company pride, a sense of community and competent, ethical leadership can bring Millennials, Gen Xers and Baby Boomers together for a great, high-performing workplace,” Bush continued.
For both Credit Acceptance and ARI, it’s the second year in a row they’ve been honored for their catering to millennial employees.
“We are very proud to be recognized as a workplace where millennials feel they can develop, learn and grow professionally,” ARI president Chris Conroy said. “Our leadership is aware of the value and perspective that millennials bring to the workforce, and we proactively work to develop a culture where they are given opportunities to contribute and collaborate.
“We also continuously seek out ways to engage and acknowledge them, so they know that the work they do from day to day has meaning and an impact on the overall health of the company,” Conroy went on to say.
To see the entire list of the 100 Best Workplaces for Millennials, go to this website.