CareerBliss.com’s annual 50 Happiest Companies list identifies and recognizes companies where employees feel happiest. Guess who topped the list in 2013? Pfizer! They earned the number one rank in employee happiness with a bliss score of 4.248 and an average salary of $81,745, calculated by employee ratings. NASA, U.S. Department of Defense, KBR, Cisco Systems, and Avaya follow closely.
Employees rate their companies with Careerbliss.com on ten factors including one’s relationship with the boss and co-workers, the work environment, work-life balance, compensation, growth opportunities, and company culture. Pfizer moved from 11th place in 2012 to first place in 2013, demonstrating its growing and innovative company culture. Google made the biggest jump in employee happiness, with a 36.74 percent improvement over last year with such things as gourmet food, free haircuts, on-site doctors, and death benefits.
Top Keys to Employee Happiness
CareerBliss finds that their surveys each year show that work-life balance and career advancement programs are both key to employee happiness. So much so that they often outrank salary in employee and candidate choice of employers. This supports hiring software provider Cangrade’s study that shows being intellectually stimulated at work is the most important part of employee satisfaction, coming in at 18.5 percent compared to just 5.4 percent for money.
The Proof is in the Parnassus Workplace Fund
There’s a lot of research about employee recognition and rewards programs and there are a lot of lists of best companies to work for based on employee surveys, but Jerome Dodson and Milton Moskowitz put the money where the happiness is with the Parnassus Workplace Fund. Milton Moskowitz is a journalist who worked on one of the earliest “Best Companies to Work for” lists for Fortune magazine and suggested to Jerome Dodson to start a fund that invested in companies like that.
This fund invests only in organizations where employees are happy and has an annualized return of almost 10 percent, almost double the S&P Index. And during the five years of the recent recession, the fund’s average annual return was 10.81 percent compared to the S&P’s 3.97 percent. Dodson notes that treating people well and authentically respecting them leads to better business performance.
Today’s Parnassus Workplace Fund is over $300 million and ranked by Morningstar as highest in shareholder returns compared to more than 1,300 similar funds. Dodson and Moskowitz have proven, with real monetary returns, that organizations that care about making employees feel valued and supported and develop and reward their workforces enjoy a bigger bottom line.
To learn more about the connection between employee happiness, satisfaction, engagement and retention – download our free eBook below. We share helpful best practice advice to build your culture of appreciation.
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About gThankYou, LLC
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