Employees at Mercedes-Benz USA (MBUSA) truly embody the slogan "The best or nothing." For the second consecutive year, MBUSA has been ranked as one of the “100 Best Companies to Work For” by Fortune magazine.
Fortune’s 14th annual survey, which appeared in the February 7, 2011 issue, lists MBUSA at the number 15 position, a jump of 34 spots from a number 49 placement in 2010. An industry leader, MBUSA is the sole automaker on the list and ranks eighth overall among small organizations with less than 2,500 associates.
In addition to the magazine, which hit newsstands on January 24, 2011, the list can be viewed online at www.fortune.com/bestcompanies.
The "100 Best Companies to Work For" list is based on feedback from an extensive employee survey. Fortune conducts the survey in partnership with the Great Place to Work Institute. This year’s survey features 311 companies.
Two-thirds of a company’s score is based on the Institute’s Trust Index Survey, which is sent to a random sample of employees from each participating company. Questions address a wide-range of topics including management credibility, job satisfaction and camaraderie.
The other one-third of the score is based on the Institute’s Culture Audit, which asks questions about pay and benefit programs in addition to a series of open-ended questions on hiring practices, internal communication, training, recognition programs and diversity efforts. Any company that is at least seven years old and has more than 1,000 U.S. employees is eligible to participate. MBUSA has 1,657 U.S. employees and operates headquarters in Montvale, New Jersey.
According to the Fortune rankings, "The sales and marketing arm of the German carmaker offers flexible work schedules, compressed work weeks and a generous telecommuting policy – as well as a gym with two personal trainers and an onsite carwash, of course."
It takes great employees to make a great company, especially given the uncertain economic climate within which many companies have been operating.
"While each milestone is impactful, this particular one is especially rewarding because it is based on employee feedback; the company forged ahead as a unified team to emerge from the current economic crisis into a leadership role," said Ernst Lieb, MBUSA President and CEO, in a press release.
Mercedes-Benz is a leader in both automotive innovation and employee motivation. Blend those two elements together and a formidable top 100 company is the end result.