Staff Turnover Strategy – Top 100 Employers Part 1

Avoiding unnecessary staff turnover is a deliberate strategy used by the top companies in the world. They do this to keep their skills, knowledge and expertise in-house without having to constantly slow down to bring new people up to speed.

The Fortune Magazine’s list of the 100 Best Companies To Work For In America makes for very interesting reading.

NOTE: You’ll pick up many great ideas to help you become on of the Best Companies To Work For in the new HRwisdom Community Employee Attraction & Retention Guide. The Guide has sixteen employee management expert practitioners from all areas of the human resources field offering their best employee attraction & retention advice.

For instant download of the comprehensive free “HRwisdom Community Employee Attraction & Retention Guide,” click on Reduce Staff Turnover now.

 In this HRwisdom post we’re bringing you the rankings 91 – 100 of the Fortune Magazine 100 Best Companies to Work in America.

• 91 DONNELLY Holland, Mich. The glass company, not the printing company. Celebrated for Scanlon Plan, which rewards employees for productivity gains. Also has unique equity structure, which has employees electing representatives to equity committees with the power to address issues of policy and practice–even pay.
• 92 W.W. GRAINGER Lincolnshire, Ill. Sells hardware supplies through a network of 350 retail stores and a huge catalogue operation. Their 1.3 million business customers range from small building contractors to General Motors. Boasts of a “Cadillac profit-sharing plan,” in which company puts into your account the equivalent of 15% to 20% of your annual pay.
• 93 ALAGASCO Birmingham, Ala. Only utility on our list–largest unit of publicly traded Energen Corp.– supplies natural gas to more than 400,000 homes and businesses in central and northern Alabama. Company recently offered $500 prize to employees for an idea to address a diversity problem in their area. Turnover less than 5%. No layoffs in 25 years.
• 94 APOGEE Minneapolis They make windows, replace windshields, and put up curtain walls for buildings. It’s a company populated, as one employee put it, by “good, small-town, Midwestern people.” Employees get profit-sharing checks every quarter. Great feeling of camaraderie. Employees encouraged to think of new ways to do things.
• 95 SHELL OIL Houston U.S. wing of world’s largest oil company initiated in the mid-1990s a process it called transformation. Goal: Move responsibility down to lower levels. Shell has rich benefits capped by company-paid pensions, plus a pretax savings plan under which company kicks in 10% of your pay annually no matter what you contribute.
• 96 ALLIEDSIGNAL Morristown, N.J. Since taking helm in 1991, Lawrence A. Bossidy has infused a sense of purpose. Mandated 40 hours of training a year for every employee. Headquarters has on-site child care, fitness center, and other amenities. One of best 401(k) plans around: After five years company matches employee contributions 100% up to 8% of pay.
• 97 TENNANT Minneapolis Biggest U.S. maker of industrial floor sweepers and scrubbers believes in the old-fashioned pat on the back. That-a-way stickers plastered on everybody’s work station. Strong support network for women managers has paid off: No. 2 in the company is a woman, a rarity in manufacturing.
• 98 MERRILL LYNCH New York Wall Street’s biggest employer added 6,000 jobs in the past two years. Great training programs; tuition reimbursement up to $8,000 a year. Merrill is a Boy Scout company, scandal-free. One employee put it this way: “When times are good, Merrill Lynch is a great place to work; when times are bad, it is the only place to work.”
• 99 ACIPCO Birmingham, Ala. Makes cast-iron pipe for water and sewer systems. Founder willed company to workers when he died in 1924, and it still operates as an employee trust with four of 12 members of board of directors elected by employees. Superb, fully accredited, on-site medical clinic with eight full-time doctors and five full-time dentists.
• 100 GLAXO WELLCOME Research Triangle Park, N.C. British drug company–ranked No. 1 in world, based on sales–lures talent to its North Carolina facilities with glittering array of benefits: two on-site child-care centers plus support for five other centers, seven on-site fitness centers, six medical clinics, 13 paid holidays, 100% match up to 6% of pay in 401(k) plan.

Want More Ideas?

Remember, you’ll pick up many great ideas to help you become on of the Best Companies To Work For in the new HRwisdom Community Employee Attraction & Retention Guide. The Guide has sixteen employee management expert practitioners from all areas of the human resources field offering their best employee attraction & retention advice.

For instant download of the comprehensive free “HRwisdom Community Employee Attraction & Retention Guide,” click on Reduce Staff Turnover now.

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