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Corporate Social Responsibility
News
1.22.2008 - 11:28am ET
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REI Named to FORTUNE's Best Places to Work List for Eleventh Consecutive Year
(CSRwire) SEATTLE – January 22, 2008 – Recreational Equipment, Inc. (REI), the
outdoor retailer regarded for its quality gear, staff expertise,
progressive business practices, and community and environmental efforts,
announced today that it has again been honored by FORTUNE magazine as one
of the "100 Best Companies to Work for in America." Ranked as number 34
in the 2008 list, REI has been recognized as part of the "100 Best" list
for 11 consecutive years.
The company is one of 14 employers included every year since the magazine
began compiling the list in 1998, and one of five companies included in
two earlier book versions. Additionally, REI is one of six companies based
in the state of Washington that made FORTUNE's list. The complete rankings
can be viewed online at www.fortune.com starting today, and will
be part of the magazine's February issue available on newsstands on January
28.
Released annually, FORTUNE's "100 Best" list is based on an employee
survey conducted by the Great Places to Work Institute, and corporate
information submitted by each company regarding its culture, policies and
benefits. Four hundred employees randomly received the "100 Best" survey
which measured workplace pride, respect, credibility, fairness and
camaraderie. Employee survey results are heavily weighted at two-thirds
of the final score.
"With our employees' enthusiastic dedication to our customers, communities
and each other, they create an environment that makes REI a rewarding place
to work and an inspiring place to shop," said Sally Jewell, REI president
and CEO. "Our 10,000 employees are the heart of our commitment to increase
outdoor recreation, engage children in nature and protect shared natural
spaces."
REI actively encourages community involvement and participation in
human-powered recreation, and the company's work environment promotes
camaraderie, open communication and the opportunity for internal
advancement, while respecting and encouraging work/life balance. A
generous benefits program is extended to employees, including:
Healthcare benefits to full and part-time employees, including those
who work less than 20 hours per week. Employees may enroll their spouse,
life partner and children who live in the home with the employee
Incentive pay directly tied to individual, divisional and company
goals for all employees companywide
lGenerous retirement plan in which the company contributes,
regardless of employee contributions. REI has funded the retirement plan
at 15 percent for 21 of last 22 years
Deep discounts on gear and apparel, as well as free rentals. The REI
employee discount is also extended to retired employees with 25 or more
years of service
Gear grants for employees embarking on a personal outdoor
challenge
Alternative transportation subsidies to encourage commuter
reduction
Financial and gear grants to community-based outdoor-focused clubs
and non-profit organizations in which REI employees are involved, as well
as team-building service projects where employees work together to enhance
their favorite outdoor areas
Paid sabbaticals
Tuition reimbursement
REI is a national outdoor retail co-op dedicated to inspiring, educating
and outfitting its members and the community for a lifetime of outdoor
adventure and stewardship. Founded in 1938 by a group of Pacific Northwest
mountaineers seeking quality equipment, REI operates retail stores
nationwide, two online stores – http://www.rei.com and http://www.REI-OUTLET.com – and an
adventure travel company, REI Adventures. REI offers products from all of
the top brands for camping, climbing, cycling, fitness, hiking, paddling,
snow sports and travel, including its own line of award-winning outdoor
gear and apparel. While anyone may join or shop at REI, members pay a
one-time $20 fee and receive a share in the company’s profits through an
annual member refund based on their purchases. As an active supporter of
the communities in which it does business, REI is committed to promoting
environmental stewardship and increasing access to outdoor recreation
through education, volunteerism, gear donations and financial
contributions.
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