Rankings of best small- and medium-sized workplaces compiled by Great Place to Work® and Fortune are based on survey completed by more than 52,000 employees from hundreds of companies
SAN DIEGO, Calif., October 12, 2016 – Consulting firm Great Place to Work® and Fortune magazine announced that Renovate America has earned a place among of the country's Best Small and Medium Workplaces. This list recognizes the top performing companies across the nation in terms of the workplace they have created for employees, with the understanding that a positive work environment is essential to a healthy business and a central component of success.
Renovate America won this accolade based on employees' anonymous responses to an extensive survey about their levels of trust, pride and camaraderie at work. Great Place to Work® reviewed the survey results of more than 52,000 employees from hundreds of companies in the ranking process. Among the findings from the study: trust fuels business performance. For example, the Best Small and Medium Workplaces enjoy roughly three times the revenue growth of their peers, even as they provide a better experience for their people.
"We are competing for the best employees in an economy known for creative and innovative workplaces, and we think what sets us apart is the larger mission of the company," said Jamie Latiano Jacobs, Senior Vice President of People & Culture at Renovate America. "Renovate America is committed to making homes safer, healthier, more comfortable and more efficient, while at the same time improving the economic and environmental well-being of communities. Our employees work hard and with purpose to realize this mission, so we strive to celebrate their achievements and take care of the whole person."
The company holds quarterly town hall meetings to encourage cross departmental collaboration, communication and team-building, as well as annual holiday celebrations. Employees enjoy 100 percent company-paid health coverage and a generous 401K with a 4% company match and immediate vesting. They also offer an Open PTO plan for exempt employees, 120 days of parental leave for new parents, and free lunch catered daily.
Renovate America came in at number 40 on the list of the 100 best medium-sized workplaces, which are defined as having between 100 and 999 employees.
"According to our study, 96 percent of Renovate America employees say it is a great workplace," says Sarah Lewis-Kulin, Great Place to Work's Senior Editor.
Renovate America employees completed 377 surveys, resulting in a 90 percent confidence level and a margin of error of ± 2.75 percent. Survey responses were overwhelmingly positive across all indicators, with 98 percent of surveyed employees saying that the company has a great atmosphere and 97 percent saying that they are proud to tell others that they work at Renovate America.
"There’s a generosity of spirit that infuses the Best Small and Medium workplaces – one that has a measurable return," said Kim Peters, Executive Vice President of Great Place to Work. "Whether it’s funding employee ‘passion projects’ or giving surprise gifts to customers, the best workplaces give it away. And they get it back in the form of inspired people who innovate harder and generate higher revenue."
The Best Small and Medium Workplaces is one of a series of rankings by Great Place to Work and Fortune based upon employee survey feedback from Great Place to Work-Certified® organizations.
This is not the first time Renovate America has earned recognition as an employer, though it is the first time the company has been recognized on a national scale. Renovate America was named to the San Diego Business Journal’s Best Places to Work list in 2015 and 2016, and in 2015, placed number one in the midsize category of the San Diego Union-Tribune’s Top Work Places list.
About Renovate America:
Renovate America partners with state and local governments to offer HERO, a property assessed clean energy (PACE) financing program, to communities. HERO is the leading residential PACE program in the U.S. and has financed more than $1.85 billion of home energy and efficiency improvements across more than 76,000 households. This unique public-private partnership offers consumers access to financing for more than 60 types of products that reduce energy and water consumption, without the need for government funding. The HERO Program has received a number of recognitions including a Climate Leadership Certificate for Innovative Partnerships by the U.S. Environmental Protection Agency, inclusion in the 2016 White House Water Summit, the Governor’s Environmental and Economic Leadership Award in California, and the Urban Land Institute Best of the Best.
About The Best Small and Medium Workplaces:
Published together with our partner, Fortune, the Best Small & Medium Workplaces rankings are based entirely upon feedback from more than 52,000 employees at Great Place to Work–Certified companies. Employees completed our anonymous Trust Index© survey, answering questions about how frequently they experience the behaviors that create a great workplace, including, for example, their assessment of the honesty and quality of communication by managers, degree of support for employees' personal and professional lives and the authenticity of relationships with colleagues.
Results from the survey are highly reliable, having a 95% confidence level and a margin of error of 5% or less. Winning a spot on this list indicates the company has distinguished itself from peers by creating a great place to work for all – not only do the majority of their employees experience the company as a great place to work, but this experience is consistent across the organization, regardless of gender, race/ethnicity, job role, or other personal characteristics. The companies with the highest employee ratings compared with organizations of the same complexity in size and scope were selected for the list. Companies with fewer than 100 employees compete for placement on the 50 Best Small Workplaces list, and companies between 100 and 999 employees compete for placement on the 100 Best Medium Workplaces list.
About Great Place to Work®:
Great Place to Work® is the global authority on high-trust, high-performance workplace cultures. Through proprietary assessment tools, advisory services, and certification programs, including Best Workplaces lists and workplace reviews, Great Place to Work® provides the benchmarks, framework, and expertise needed to create, sustain, and recognize outstanding workplace cultures. In the United States, Great Place to Work® produces the annual Fortune "100 Best Companies to Work For®" and a series of Great Place to Work® Best Workplaces lists, including lists for Millennials, Women, Diversity and over a half dozen different industries.
Follow Great Place to Work® online at www.greatplacetowork.com and on Twitter at @GPTW_US.