It takes a great team to make a great company.
By Katie Kerr
“To win in the marketplace you must first win in the workplace.” - Doug Conant, former CEO, Campbell Soup Company
“A company’s employees are its greatest asset and your people are your product.” - Richard Branson, Founder, Virgin Group
It’s a well-known tenet of business that those with the best talent, win. But how does one attract and engage this talent? By being a great place to work.
While there are many opinions about what makes the ideal job, we at B Lab believe the best places to work are those which allow a worker to bring their whole selves to work, to pursue purpose as well as profit while offering high quality compensation, benefits and work environments.
Just in time for Labor Day now, we would like to shine a light on those companies which meet these exacting standards with the B Corp Best for Workers List, a third installment in our B Corp Best for the World series. Today, we recognize 79 companies across 39 industries and six countries for creating the most positive impact for their workers.
Companies like fast-growing venture-backed e-commerce businesses like Etsy, well known employee-owned brands including Dansko, King Arthur Flour, and New Belgium Brewing Company, and worker-cooperatives Cooperative Home Care Associates, Home Care Associates, and Namaste Solar, are all not just talking about being great places to work, but measuring and improving their performance.
Best Places to Work: An Alternative Ranking
To be included on the ‘B Corp Best for Workers List,’ businesses must earn a score in the top 10 percent of all Certified B Corporations for their positive impact on their workforce, as measured by the B Impact Assessment. This analysis includes metrics regarding worker ownership, compensation and benefits, management and worker communication, training and education, work environment, and occupational health and safety.
King Arthur Flour: Free Bread!
One honoree, King Arthur Flour, the employee-owned retailer of specialty flours, cookbooks, baking tools, ingredients and baked goods based in Vermont, gives payday it’s own unique spin.
Apart from paying a living wage to all full and part time workers, the company also offers workers “pay-day bread” - one free loaf of bread from their bakery every payday. Additionally, the company covers over 80 percent of healthcare premiums for full-time workers and their families and will reimburse employees up to $1,000 for professional development.
And to balance out all that free bread: free fitness classes during work hours.
Corporate Knights: Work/Life Balance
Corporate Knights based in Ontario, Canada, is also committed to ensuring the health of its employees. The media, research and financial products company focused on clean capitalism and publisher of Corporate Knights Magazine, covers more than 80 percent of health insurance premiums for workers and their families – and offers dental, life and disability insurance, as well as domestic partner benefits. Additionally, Corporate Knights offers both mothers and fathers over five weeks of maternity and paternity leave.
Palmetto Ventures: Toward a Clean Future
And while financial firms have gotten a bad rap of late, Palmetto Ventures in London stands apart.
The international clean energy development and financial firm works to mitigate the adverse impact of climate change by offering end-to-end financial solutions to energy and emission firms. They also offer employees over 30 days of paid personal and vacation time every year. And like many of the other honorees, they cover more than 80 percent of health insurance premiums for workers and their families and provide a living wage. The well-thought out benefits have paid off. Despite their small team, Palmetto has delivered over $10 billion toward a clean energy future.
It takes a great team to make a great company. These honorees are living this truth by providing high quality jobs, which will attract the next generation of best talent. Check out the full B Corp Best For Workers List to meet the rest of the honorees. And to see how you stack up, start measuring your impact with the free, confidential B Impact Assessment.
B Corp Best for Workers honorees earned scores in the top 10 percent of all Certified B Corporations for their positive employee impact as measured by the B Impact Assessment -- a free management tool used by more than 10,000 businesses to measure, compare, and improve their social and environmental performance across more than 150 metrics.