NEW YORK – This week, Fortune and Great Place to Work published their first-ever ranking of the best workplaces for the country’s 54 million millennial employees who constitute the largest generation in the U.S. workforce. The list comprises 100 employers from across the country that scored the highest among workers under the age of 35. Oklahoma-based QuikTrip was one of the few retail companies to make the list, ranking at number 69.
According to Fortune, one of the convenience retailer’s best assets is its unusually low employee turnover rate. Only 13% of workers leave, compared to an industry average of 59%. Employees credit the company’s above-industry average pay and what they say is an overall friendly and supportive atmosphere. Examples of employee benefits include awards for one, five, 10, 15, 20 and more years of service with the company, which can include cash gifts. Store attendants can also get $50 bonuses if they receive a perfect score on a mystery shopper review. “We are truly treated as individuals and the company takes a personal interest in each of us,” said one employee surveyed for the rankings. Said another: “I believe this is unheard of when a company grows to the size we are. We actually have to open new markets to create movement to give your employees an opportunity to advance because no one leaves.”
The top-ranked company in the Fortune list is Pennsylvania-based exterior home renovation company Power Home Remodeling, which earned high marks for attention to career development and creation of new opportunities for its employees. Houston-based home builder David Weekley Homes is in second place, followed by third place Allied Wallet, the Los Angeles-based electronic payments company.
Overall, survey respondents, all members of the Millennial generation, say they desire open communication, risk-taking, collaboration, support among employees and fewer internal politics. More than 90,000 employees nationwide were asked to evaluate and rate the practices of their employers. For each of the 465 companies that participated, at least 50 employees from every company were surveyed. There was no limit to the size or type of organization. Perks and benefits programs were not included as part of the ranking methodology and scoring was based entirely on employee feedback.