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Lessons from “Best Companies to Work For”

by Derek Irvine

Recognize This! – Great companies are great only because of the people in them.

Yesterday on Compensation Café, I shared three commonalities experienced by companies that appear on Fortune’s “Best Companies to Work For” list:

  1. Better stock performance
  2. Higher retention of top employees
  3. Increased employee energy and engagement

Read the full post “3 Reasons Why You Should Treat Employees Better” for more on each of these, but really – isn’t it obvious? People who are recognized and appreciated for their contributions in line with needs of the company, the customer and their colleagues know their efforts matters. When we know what we do matters, we’re more willing to engage more deeply in it and expend more energy to accomplish it, thereby driving greater company success and confidence in the stock market.

That’s why I’m excited by Globoforce’s designation, once again, as one of the best workplaces in Ireland by The Great Place To Work® Institute. This year, we are number 2 in the medium workplace category, up from number 3 in 2014, and in addition to our designation as a top workplace in Europe and in the US.

Making these lists is not what matters, though. The underlying effort and desire to create positive workplace cultures built on the Power of Thanks – that’s what matters. And it matters because of the impact it has on the people. Great workplaces built on positivity, appreciation and thanks fuel the human need to both give and take recognition in validation of our efforts. And when the people in our workplaces are happier, so our customers. When the customers are happier, so are our investors. But it starts, always, with the people and how we WorkHuman together.

What makes your workplace special?