Anatomy of a Best Workplace: Insights From the 2013 Award Winning Companies
- And how about your turnover rate? Strive for 8.4% or lower.
Training and development opportunities
- Cross-train employees. A total of 89% of BWA winners had more than 80% of their staff trained across a range of areas.
- Create a succession plan for an aging workforce. Seventy-four percent of BWA firms had succession plans for senior managers, 59% for key managers, and 56% for key non-managerial employees.
Recognition and rewards
- Incentivize employees. Well-designed plans will pay off and increase profitability and efficiency. (The 2013 Wage and Benefits Surveycompiles successful ideas from more than 500 companies.)
- Develop employee recognition programs. You can find customizable certificates here.
Workplace health and safety
- To keep your injury and illness rate low, you may want to institute a Safety Committee with a mix of hourly and managerial employees.
- If your company has persistent injuries and illnesses, address the issues with a targeted training program.
- By creating a written disaster plan in addition to maintaining a low injury and illness rate, your company can avoid OSHA citations. (Read more about OSHA citations for the printing industry here.)
Health and well-being programs
- Examine wage and benefit surveys annually through your local Printing Industries’ affiliate to ensure you’re competitive with company/employee health care premiums.
- Offer health-risk assessments to employees (and dependents).
- Other wellness program investments like workout rooms, smoking cessation programs and incentives, etc.
- Offer short- and long-term disability insurance.
- Review competitive practices of your retirement plans and applicable profit sharing plans with wage/benefit surveys.
- For retirement planning, most BWA firms’ 401(k) contributions were around 6%, and they also provided financial advisors for employees (and their spouses).
- Provide credit union membership and life insurance.
- Provide competitive employee time-off programs.
- Encourage employee involvement in community charitable organizations and events.
Read the full report, including a breakdown of the 2013 BWA Metric Averages here.