Attracting and retaining employees continues to be priority one for most companies, which means putting renewed focus on efforts to enrich compensation and benefits packages as well as increasing office amenities.
According to a new report by the management software provider TeamStage, 94 percent of entrepreneurs and 88 percent of job-seekers say a healthy culture at work is vital for success.
The TeamStage report also shows that 86 percent of job-seekers avoid companies with bad reputations, and millennials prioritize “people and culture fit” above everything else.
Happy employees are more productive, according to the TeamStage report. A highly engaged workforce can lead to exceptional outcomes and performance. In addition, a culture that attracts high-caliber employees leads to a 33 percent revenue increase. To get an idea of how metro Detroit businesses are handling these important employer-employee issues, DBusiness, for the second consecutive year, invited workers at small, medium-size, and large companies to fill out a personal survey with questions about their work experiences. The best-performing small and medium-to-large companies overall have been recognized as Corporate Culture Champions. The top-rated firms in each category also are recognized.
Diversity and Inclusion
Leading the way in the Diversity and Inclusion category are SGH Wealth Management in Lathrup Village (small) and MacKellar Associates in Rochester Hills (medium-large).
Of SGH’s staff of 10 people, 40 percent are women, and there is Hispanic and African-American representation, as well.
“I’ve watched the banks all address this because diversity in this industry is just bad,” says Sam Huszczo, founder and CEO of SGH. “In my opinion, the (diversity) policies are just boxes to check. I don’t feel like they’ve made the strides that need to be made, so I don’t have a formal policy.”
“We’re a very differently structured firm than most Financial Services Firms. That gives me a huge advantage to attract more diversity. Most other firms focus on hiring experienced, older advisers. We’re going in a totally different direction, where the majority of our hires are straight out of college. In a college setting, I can get in front of more female candidates, more Hispanic, and more African-American candidates.”
“And, when given a choice between candidates, we’re going to prioritize our desire to be a diverse workplace.”
SGH Wealth Management also scored well in the Career Advancement category, as did The Perna Team – Keller Williams in Novi (medium-large).
“Ninety percent of the work structure at Financial Services Firms are silos under an umbrella,” Huszczo says. “Their advisers are almost like independent contractors in competition with each other. There’s little or no teamwork.”
“We’re structured more like a large law firm; they hire people right out of law school and develop them. We’re trying to replicate that in Financial Services. We don’t require these college graduates to do any sales for the first three to five years of their career. It allows us to train them. People get really excited about our job opportunity within this space.”
“Overall, I want (them) to have a job they can be proud to tell their parents about.”