Co-op Sector Again Named in Fortune’s 100 Best Companies to Work For


Fortune’s list of the 100 Best Companies To Work For once again features organizations from the co-op, credit union and employee-owned sectors.

The list takes into account executive team effectiveness, innovation, people-focused programs, and being a “Great Place to Work For All”—in terms of trust, credible and respectful leadership, pride in the work and camaraderie.

At #42, Navy Federal Credit Union, which employs 14,462 people across 286 sites, is the highest-placed business from the sector on the list. Last year it came 47th and this is its eighth year on the list.

The Vienna, Virginia-based credit union has worldwide revenues of $5,398.9m but maintains “a hometown feel,” says the report, which highlights Navy Federal’s diverse workforce—with 43 percent coming from minority groups—and benefits including 23 days leave, 10 sick days, 12 weeks’ maternity leave, pension plans, onsite medical care, subsidized gyms and financial support for college tuition.

Full and part-time job growth is 5 percent, with full-time voluntary staff turnover at 8 percent. The survey found that 93 percent of employees said it was a great place to work.

At #43 is specialty outdoor retailer REI Co-op, based in Kent, Washington, which last year came 28th and has spent 21 years on the list.

“It runs numerous programs to connect women and girls to nature, has offered same-sex benefits since 1992, and covers gender reassignment surgery for employees,” says the Fortune 100 Report.

The largest consumer co-op in the U.S., REI employs 12,973 people across 159 sites and last year reported a revenue of $2,557,543. It employs 19 percent of its staff from minority groups and offers benefits including health insurance for part timers, fully paid sabbaticals, subsidized gyms, financial support for college tuition, 19 days leave and six sick days.

It has 9 percent full and part-time job growth with full-time staff turnover at 10 percent.

At #47 on the list is Publix Supermarkets, which mixes private and employee ownership, with Fortune 100 highlighting a diverse workforce—one out of every four associates is 50 or older, including 26 employees over the age of 90.

Last year Publix came in at 21, and this is its 21st year on the list. Based in Lakeland, Florida, it employs 18,9607 across 1,170 sites and its most recent report posted revenues of $34m. Benefits include onsite medical care, college tuition reimbursement, 16 days off a year and six sick days.

Job growth is 6 percent with voluntary full-time turnover at 9 percent.

At #50 is engineering, architecture, construction, environmental and consulting solutions firm Burns & McDonnell, which has been employee-owned since 1986.

“People love the onsite amenities, including a pharmacy and day-care center, along with regular company celebrations like the annual pancake breakfast and trivia competitions,” says Fortune 100.

Last year the company came 16th and this is its eighth year on the list. Based in Kansas City, Missouri, it employs 5,534 people across 263 sites. Minorities make up 16.8 percent of the workforce. Benefits include 23 days leave, subsidized childcare and gym, sick days for part time workers, onsite medical care and college tuition reimbursement.

The top-placed firm on the list, scored on an analysis of anonymous employee responses to more than 50 survey questions, was San Francisco-based IT company Salesforce.

To be considered, companies needed to have at least 1,000 employees and receive enough survey responses to achieve a 95 percent confidence level with no more than a 5 percent margin of error.

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