6 Steps to Becoming a Great Place to Work
A helpful column by Jack Welch from a few years ago. Here are the six points, with some of Welch’s comments as well:
- Preferred employers demonstrate a real commitment to continuous learning. No lip service. These companies invest in the development of their people through classes, training programs, off-site experiences, all sending the message that the organization is eager to facilitate a steady path to personal growth.
- Preferred employers are meritocracies. Pay and promotions are tightly linked to performance. . . . People with brains, self-confidence, and competitive spirit are always attracted to such environments.
- Preferred employers not only allow people to take risks but also celebrate those who do. And they don’t shoot those who try but fail. As with meritocracies, a culture of risk-taking attracts exactly the kind of creative, bold employees companies want and need in a global marketplace where innovation is the single best defense against unrelenting cost competition.
- Preferred employers understand that what is good for society is also good for business.
- Preferred employers keep their hiring standards tight.
- Preferred companies are profitable and growing.
“The best thing about being a preferred employer is that it gets you good people, and this launches a virtuous cycle. The best team attracts the best team, and winning often leads to more winning.”