BusinessHABPressure washing companies near me: A good employer makes going to work each day fun, rewarding and challenging. When searching for jobs, look for companies with happy employees, good benefits and a positive company culture. These are signs of a great place to work.
In this article, we list things that make a company a great place to work so you can identify them during your job search.
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What makes a company a great place to work?
A great place to work cares about and supports its employees while also challenging them to grow with the company. At these companies, managers and their employees trust and respect each other and have a shared commitment to both individual and company success. Great companies try to meet their employees’ financial, mental, physical and emotional needs. As a result, employees are often more productive, satisfied and willing to stay at the company long term.
When researching a potential employer or interviewing for a job, ask questions about company culture, and look for signs the organization is a great place to work. Great companies to work for often share these 15 characteristics:
1. Competitive compensation
A company that cares about its employees provides them with appropriate salaries and benefits. They pay wages that allow employees to live comfortably based on the cost of living in that area. The company might offer creative benefits in addition to traditional health insurance and retirement savings, including:
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Profit-sharing
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Bonuses
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Stock options
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Free meals
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Wellness programs and free gym memberships
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Free counseling
Competitive compensation not only attracts talented employees but helps companies keep them.
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2. Company culture
Company culture is an organization and its employee’s shared values, attitudes and behaviours. A company’s core values might include honesty, self-improvement or communication. Factors that contribute to a company’s culture include:
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Work hours
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Location
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Communication
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Management style
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Benefits
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Traditions
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Transparency
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Workplace rules and procedures
When you work for a company with a positive company culture or values and attitudes you share, you might be more engaged, satisfied and productive.
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3. Community
Great companies form a community around their employees, with a common vision and support for everyone’s goals. Companies with community atmospheres might do things like:
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Celebrate milestones and special events.
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Offer profit sharing or performance-based bonuses.
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Avoid laying off employees.
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Changing an employee’s role to better fit their skills.
When employees work as a community, they share in the good times as well as the challenging ones.
4. Trust
In healthy work environments, managers trust their employees to work hard and make good decisions, employees trust business leaders to support and guide them, and colleagues trust each other to work toward shared goals. Signs of a company whose employees and leaders trust each other include:
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Flexible work hours
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Remote work options
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Unlimited paid time off
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Transparent financials
A trustworthy team is motivated to work hard and is engaged and satisfied with their jobs.
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5. Fairness
In a fair workplace, employees feel like they receive adequate compensation and have the same opportunities as their colleagues. Employees are also less likely to encounter politics, bias and favoritism in a company that practices fairness. Signs of fairness in the workplace include:
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Unbiased promotions
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Equal recognition and rewards
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Equal distribution of tasks
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Regular and open feedback
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Two-way performance reviews
Employees are more likely to work as a team if a company treats everyone equally and fairly.
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6. Communication
Open communication creates trust in the workplace and prevents misunderstandings. Signs of effective and transparent communication include:
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Employee engagement surveys
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Conversations between managers and employees
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Company or financial status updates
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Managers and employees who regularly ask for feedback
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Approachable leadership
Look for a company that encourages constant communication and considers employee feedback when making decisions.
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7. Innovation
Companies that are constantly creating new products, strategies and workflows can be exciting places to work. Innovative companies encourage employees to take risks, share ideas and make suggestions. As a result, employees are motivated and proud of their work, and the company has more opportunities to grow and succeed. Look for a company that is a leader in its field and where employees feel safe sharing their ideas with management.
Read on: 13 Tips on Providing Effective Leadership
8. Professional development
A company that invests in its employees helps them grow professionally. A great place to work might offer employees professional development opportunities such as:
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Time off or money toward pursuing a new degree
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Membership in professional organizations
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Free continuing education opportunities such as seminars, conferences and classes
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Skills or management training
These benefits give employees ways to learn, grow and advance their careers.
9. Engagement
Great companies often have engaging workplaces where employees are invested and interested in the outcome of their work. They believe in the company’s mission and work to achieve shared goals beyond sales or profits. Further, company leadership is involved and engaged with the organization’s daily operations and responsive to questions and ideas.
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10. Caring
Great companies to work for care about their employees and show it. Ways companies care for their employees include:
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Providing generous maternity and paternity leave.
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Hosting stress-relieving activities such as yoga classes or meditation sessions.
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Sending messages of encouragement to employees during difficult times.
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Creating safe and comfortable workspaces.
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Supporting healthy habits such as nutritious diets and regular exercise.
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Giving employees time and space to take breaks during work.
A caring work environment improves morale and motivation and makes employees feel appreciated and valued.
11. Desirable employer
If working for a particular organization is a dream job for most people in your industry, then that company is likely a great place to work. Look for companies that are competitive and trusted brands. Research whether an organization has won awards for best workplace in your industry or region. Great companies are highly attractive to talented employees, and people typically stay there long term.
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12. Transparency
Companies that are transparent in their challenges, successes and daily operations can earn their employees’ trust and commitment to solving problems and achieving goals. Signs of a transparent organization include:
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Regular meetings or updates on the company’s problems and successes
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An open-book management style in which the company’s leaders share financial and other important information with all employees
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Leadership that asks for employee feedback or ideas when overcoming financial, operational or strategic challenges
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Approachable and accessible management
In a transparent work environment, everyone’s opinion has value, and everyone shares in the company’s status.
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13. Honorable mission
Employees typically take pride in working for companies that offer value or make a difference in the community. Companies with honorable missions might include:
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Nonprofits
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Products or services that add value to the world
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Organizations with goals beyond earning money
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Businesses that give a certain amount of employee time or company profits to a meaningful cause
People often feel good about the company they work for if they believe their work has meaning.
14. Leadership
Employees generally enjoy working with confident, effective and fair leaders. Good leadership not only helps companies succeed financially but also keeps employees engaged, motivated and goal-driven. Effective managers treat their employees like adults, encouraging them to make decisions and work independently. They also respect their employees, ask for feedback and recognize people for quality work and positive contributions.
Read on: 13 Tips on Developing Leadership Qualities
15. Diversity
Great places to work generally embrace employees of all experience levels, backgrounds and beliefs. They understand the value of a diverse team and make efforts to hire a variety of people. A workforce with many perspectives is more likely to produce exciting ideas and creative solutions. A diverse workplace is also welcoming to new hires and supportive of its people.
16. Stay within your circle of competence.
If you have a field of expertise, you may be best able to identify quality within that area. Experience can provide you with the insights you need to make more informed choices. For example, if you work in retail, you may be better positioned to determine if you should invest in companies like Walmart, Target, or Best Buy, than you are in evaluating the latest bio-tech company.
- Having competence in a certain area doesn’t have to come from workplace experience. If you’re a techie who spends his time buying and reading about the latest gadgets, you can draw on the information you obtain to help you make decisions on how to invest in the technology sector.
17. Stay up to date on news within that industry.
Examples of quality sources for this are online finance websites like Bloomberg and the Wall Street Journal. They’ll give you up-to-date information on many of the goings-on in various sectors of the economy and the World. Again, focus your energy on a few key areas and become knowledgeable on the happenings in them. Look for things like trends, mergers, acquisitions, relevant legislation changes, and any global events that may affect your chosen market.
18. Plan ahead.
Identify a company that you think stands to benefit from some change or trend in the market. Look ahead for when this change will take place and move around your money to prepare to invest in the company. For example, if you think that a new product being released by your favourite tech company is going to be a huge success, you may choose to invest in the company before the rest of the world realizes this and drives up the stock price.
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19. Understand competitive advantages.
There are some companies that manage to be consistently profitable and successful in their industry over many years. These companies have succeeded in building a “moat” around them to keep their competitors away. This distance from their competitors is also known as a competitive advantage. Competitive advantages allow these companies to make money and retain customers more easily than others. In turn, these companies are able to provide greater value and return to their shareholders.
- An investment in one of these companies allows you to participate in their competitive advantage. While they may not grow as quickly as smaller companies, they often can be less likely to fail in economic downturns and can provide consistent growth throughout the years to come.
- Blue-chip stocks are examples of large, successful companies with competitive advantages. These companies have provided consistent growth or dividends over many years and are listed on large stock indexes.
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