New report from Great Place to Work® finds that camaraderie and pride create competitive advantages at the industry’s best workplaces
May 4, 2016 (San Francisco, Calif.) – Times are tough in the health care industry. Organizations in the field must navigate regulatory, social and technological challenges. But a new study from consulting and advisory firm Great Place to Work® offers a prescription for success. It concludes that cultivating a healthy sense of pride and camaraderie among employees creates competitive advantages for health care companies.
The report released today, How to Build a Great Workplace in Health Care, analyzes more than 34,000 employee survey responses at 51 health care organizations considered for the list of the 20 Best Workplaces in Health Care, recently published by Great Place to Work® and Fortune Magazine.
Among the findings:
- List winners had 15% job growth last year v. 10.7% for non-winners
- List winners had 8.6% percent annual voluntary turnover for full-time employees v. a 14.4% industry average
- Employees at list winners were 10 percent more likely to say "We're all in this together" than at non-winning companies
"The Best Workplaces in Health Care have healthy cultures--for their employees and for their patients," says Michael C. Bush, CEO of Great Place to Work®. "By building inspiring, family-like cultures, employees feel great about their workplace and organizations benefit from a committed workforce."
The report offers benchmarking data points and best practices from the Best Workplaces in Health Care. Among the topics covered are the strong health care benefits provided by the list winners, the respect and fairness experienced by employees at the Best Workplaces and ways these leading organizations give back to their communities.
How to Build a Great Workplace in Health Care is the latest in a series of research reports published by Great Place to Work® based on Best Workplaces rankings. Previous reports include Connecting People and Purpose: 7 Ways High-Trust Organizations Retain Talent, based on the Fortune 100 Best Companies to Work For® list, and The Best Workplaces for Flexibility: More Options, More Takers, More Commitment.
To see the schedule for all the Great Place to Work®-Fortune workplace lists and more information on how to apply, visit Great Place to Work®'s website.
About Great Place to Work®
Great Place to Work® is the global authority on high-trust, high-performance workplace cultures. Through proprietary assessment tools, advisory services, and certification programs, including Best Workplaces lists and workplace reviews, Great Place to Work® provides the benchmarking, framework, and expertise needed to create, sustain, and recognize outstanding workplace cultures. In the United States, Great Place to Work® produces the annual Fortune "100 Best Companies to Work For®" list and a series of Great Place to Work® Best Workplaces lists including lists for Millennials, Women, Diversity, Small and Medium Companies and over a half dozen different industry lists.
Follow Great Place to Work® online at www.greatplacetowork.com and on Twitter at @GPTW_US.