Independent financial analysts regularly study the financial performance of “100 Best” companies. Analysis shows publicly traded 100 Best Companies consistently outperform major stock indices by a factor of 2.
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When times are tough, employees at great workplace show the resiliency to pull through. When times get better, those same employees are ready to lead the rally. It all adds up to cumulative success 3x better than the market average.
© Great Place to Work® Institute, Inc. All rights reserved.
Scripps Health, a Great Place to Work® client, faced operating losses, high turnover, and labor shortages. Leaders turned their focus to building a great workplace. In the time since, they drastically improved their financial performance, turnover rates, and employee morale, increasing annual profits by over 1200%.
© Great Place to Work® Institute, Inc. All rights reserved.
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Best Companies typically have half the voluntary turnover of their competitors, saving money in employee recruitment and training.
© Great Place to Work® Institute, Inc. All rights reserved.
The ROI on Workplace Culture
30 years of research, in over 40 countries around the world, has shown us time and again that investing in a high-trust workplace culture yields distinct, tangible business benefits. Our studies of the 100 Best Companies show that great workplaces enjoy significantly lower turnover and better financial performance than industry peers. Case studies of specific workplaces demonstrate additional, industry-specific benefits, including reduced shrinkage, improved track records on safety, higher patient satisfaction, better quality job applicants, and more.
Read some of our studies below or Contact Us to understand how creating a high-trust workplace culture could benefit your company.
The best workplaces find innovative ways to create personal and meaningful connections with their employees despite common challenges associated with virtual workplaces and demographic diversity. (Courtesy SWISS Business.)
What does it take to transform a large hospital system characterized by operating losses, high turnover, labor shortages, and both union and legislative risk? This study shares Scripps Health’s journey to becoming a great workplace, including how it assessed, benchmarked, and improved its workplace. As a result of its efforts, Scripps Health has seen drastic improvements in financial performance, turnover rates, and employee morale. Over the past 10 years, employee results have improved by 54% while the system has realized over $70 million in cost savings and increased its annual profits by over 1200%.
