Best HR Practices Companies™ specializes in delivering training, consulting and technology solutions to Human Resource professionals worldwide. Our team of experts has a proven track record of results and works one-on-one with organizations to develop a customized approach that will deliver real, lasting results.
From the industry’s first all-color touchscreen to a business platform that incorporates data from more places, these are the best of the best HR practices from 2017.
FedEx Corporation
FedEx Corporation holds a track record of success, from delivery to customer service. In the early 1970s, the company developed a philosophy that still stands strong today – People-Service-Profit. The foundational belief is that excellent care of employees breeds excellent service. To track employee relations, FedEx offers an annual survey and feedback action program. Employees provide valuable feedback and management meets to discuss results. The program allows problem assessment and resolution opportunities. FedEx Corporation provides an efficient way to address problems in order to keep the community balanced.
Prudential
The people strategy at Prudential is straightforward – be a high-performance company and a superb place to work. According to key Prudential personnel and HR statistics, the company does not have high turnover, absence rates are low, and disciplinary procedure levels are implemented. The company attributes its human resource success to its transparency and ability to share its story. The company’s history is shared with its entire staff, discussing the highs and lows, challenges and successes, with every person. The company keeps an open mind in HR processes and welcomes change and innovation when needed. Their open mind is keeping them ahead of the rest.
Wegmans Food Markets, Inc
Wegmans started in 1916 with a sole fruit and veggie cart. Today the company supports eighty stores but remains under its original family management operation. Wegmans’ awards and accolades include two HR recognitions from Fortune as One of the Best Companies to Work For. In 2006, the company ranked number 2 and in 2013, the company ranked number 5. Wegmans received Glassdoor’s Employees Choice Award in 2014 for one of the Top 50 Large Companies to work for. What sets Wegmans apart in the HR sector is the emphasis it puts on taking care of both its employees and customers.
Bain and Company
The work culture at Bain is that of hard-working people who love what they do. Bain is a magnet for top talent and employees who stay the course. Retention is low because, according to the company’s human resource department, people love what they do. Bain & Company’s HR recognition includes awards from Working Mother as the Best Company to Work For, the #1 Best Firm to Work For by Consulting magazine, and the Best Place to Work for LGBT Equality 2015 from Human Rights Campaign. The team culture allows all members to fully contribute ideas, support each other, and provide inspiration as a community. HR at Bain focuses on the complete-employee; combining training, mentoring, and flexibility among work schedules.
Quicken Loans
Quicken Loans’ workplace culture extends far behind the colorful offices and collaborative work environment they are known for. The company expresses an active appreciation for creative culture that is shown by leaders who encourage employees to innovate without a fear of failure. Even trainees are empowered to innovate and create on a regular basis. The company believes that when people are free to create they do remarkable things. Combining passion with creativity causes groundwork for success. Quicken Loans was named Fortune magazine’s Top 5 Best Places to Work in America in 2014 and consistently wins awards for customer satisfaction and employee retention.
Mayo Clinic
Consistently ranked as one of Fortune’s 100 Best Companies to Work For, Mayo Clinic has built a reputation as a place for employing the brightest minds to offer the most passionate service. The key to the company’s success is the team dynamic promoted by the human resource department at Mayo Clinic. According to HR personnel, there are 60,000 employees who link arms with one another to provide support and care for Mayo Clinic’s patients and families. How does Mayo Clinic provide such a team-focused dynamic in the workplace? Management credibility, internal communication, and extensive on-the-job training. Employees feel prepared to handle situations and receive recognition for their efforts.
Hilcorp Energy Co.
The Hilcorp Energy Company produces and distributes energy across the globe. Its company focus is a belief in mentorship, which translates to the company’s geographical success. The HR team takes a focused interest in new employees by offering mentorships to improve the rate of success. New team members are valued and well-trained for advancement. The HR team engages in a routine standard of paying its interns a lucrative wage. At the end of the internship, job offers are made. The consistent means of hiring interns and fitting them into full-time employment status adds value to the company and eliminates the price of training. Hilcorp also believes in paying it forward when it comes to employee charitable contributions. Each year the HR team matches up to $1,000 in charitable contributions made by its employees. This is a new and improved HR incentive pioneered by Hilcorp.
Diageo
Diageo dates back to 1759. Any firm with a track record of business dating back this far must be doing something right. For a drinks company, it is miraculous. What sets Diageo apart from other companies is its level of HR integrity and innovation, even during times of change. When a CEO, who has worked with the company for decades, steps down, solid management practices build a stronger leadership team. Diageo has faced transformation and always come out on top. With a long heritage of systematic leadership building, Diageo remains one of the UK’s greatest companies.
Cambridge Consultants
Free lunches and blue-sky projects might be new at Google and other tech-industry giants, but Cambridge Consultants has been doing it for thirty years. The consultancy firm was founded in 1960 and ever since its HR team has offered unconventional ways of retaining top talent. According to HR director, Alison Hughes, every innovation that’s en vogue in Silicon Valley is commonplace at Cambridge Consultants. The company offers staff a high degree of autonomy and control over their career trajectory. Project-led structure helps employees gain training and experience while staying relevant to the challenges at task.
Rolls-Royce
The Rolls-Royce company is long synonymous with quality training and apprenticeships. Over 30 percent of the Rolls-Royce’s senior managers started at trainee-level with the company. The business model and value chain is incredibly innovative. Rolls-Royce showcases transformation and evolution. The company understands that in order to maintain their level of success, training is essential. Over 180 apprentices, with 80 percent aged sixteen to eighteen, are added each year across twelve UK sites. Most of the apprentices remain and work for the company for the life of their career.
Ford
Ford is the car manufacturer that broke ideals when it came to hiring practices and leadership. Henry Ford is recognized as one of the best leaders the world has ever seen. His philosophies and beliefs trickled into the HR department at Ford. Today the company is recognized for its HR innovation through a highly disciplined culture, outstanding training opportunities, and strong and consistent processes. When it comes to human resource practice, the company focuses on implementing healthy communication through the removal of emotion and reliance on data. HR believes data and discipline should come first, before emotion. When the process is adhered to, a healthy work environment succeeds. Ford has consistently been named a leader in HR practice by People Management.
Business Insider ranked LinkedIn as one of the most desirable employers to work for and in 2014, Glassdoor recognized LinkedIn as #23 in their 50 Best Places to Work in 2015. What sets LinkedIn apart from its competitors are its HR innovation and team practice. The motto at LinkedIn is to work hard, play hard. The HR team hosts all-company parties, complete with live music and a nightclub atmosphere to reward staff members for their hard work and dedication to the company. The team dynamic is designed to encourage employees to create systems that break the status quo. Once a month, the company holds an InDay, which is when employees set aside regular work to explore new ideas. Employee turnover is less than eight percent and promotions consistently run over 17 percent.
Consistently grabbing a spot on Glassdoor’s annual list of best places to work in the tech industry, Twitter was recently named second as the overall best company to work for employing over 1,000 employees. Twitter’s innovative HR department promotes a work-life balance, causing employees to admire the company culture. HR focuses a lot of time and attention to training managers to lead, while maintaining a culture of authenticity, transparency, and accessibility. Twitter is able to maintain the scrappy start-up feel while becoming a major tech firm because of the extensive training offered to those in leadership.
From Fortune to Mashable to Glassdoor, Google is consistently ranked as the best company to work for in the world. What truly makes Google a great place to work is the people. The company is more than just an Internet juggernaut, its Mountain View, California headquarters offer a seven-acre sports complex, three wellness centers, indoor roller hockey rinks, horseshoe pits, and over 100,000 hours of subsidized massages doled out each year. Google’s philosophy is that with the right tools, you can attract the best talent, and develop happier and more productive employees. With these HR efforts, Google’s leadership is recognized worldwide.
Conclusion
The Best HR Practices provide the structure and foundation for building an organization. A well-planned and established set of HR practices will allow HR to be proactive and supportive of the company’s business objectives. From payroll to training, these top practices will bring value to any business immediately.