Best Practice Institute and Newsweek Partner on New 'Most Loved Workplaces' Initiative
NEW YORK - May 10, 2021 - The Best Practice Institute (BPI) and Newsweek today announced that they are partnering on a new initiative, Most Loved Workplaces, that will identify the top companies where employees are the happiest and most satisfied at work. The initiative will include a list of the top 100 Most Loved Workplaces, along with profiles of the winners, that will appear in an October issue of Newsweek, as well as other articles based on the research and ongoing conversations with CEOs and Chief Human Resources Officers of the top companies.
The Most Loved Workplaces list is based on past research from in-depth analysis of more than 300 companies and over 3,000 executives across the U.S., the Middle East/Northern Africa and Southeast Asia, conducted by BPI, backed by John Wiley and Sons' Leader to Leader and the University of Pittsburgh Frances Hesselbein Leadership Forum. The criteria is based on BPI research showing that productivity rises as employee satisfaction increases, with 94 percent of employees surveyed saying they are three to four times more likely to produce more and perform better for a company they loved and 95 percent saying they stayed at companies they loved three to four times longer than workers who were less satisfied.
"We have drilled down into what love of the workplace means," says Louis Carter, founder and CEO of BPI and author of In Great Company: How to Spark Peak Performance by Creating an Emotionally Connected Workplace, which identifies the specific areas needed to become a highly respected, reputable organization where people love to work with each other—that is, a Most Loved Workplace. "We have the fastest and most reliable method of determining employee sentiment toward an organization—which is the biggest predictor of performance beyond culture and engagement."
"At a time when the pandemic has disrupted the way we work and cultural forces are causing us to reexamine workplace values and practices, we believe this is an important undertaking," says Dev Pragad, Newsweek's CEO and co-owner. "We're eager to see what the research reveals—and excited to provide a platform for the findings on Newsweek."
After an initial interview, companies are validated through a mix of BPI research criteria, employee satisfaction results and BPI's algorithm that searches for comments on the web related to company employee sentiment. The Most Loved Workplace criteria cover areas around measuring employee feelings of inclusion, respect, alignment with personal values, support in achieving results and a positive vision for continuous improvement.
Carter remarked, "Taking part in this list is enormously valuable to companies because they will get critical data not available elsewhere, along with promotion and marketing in the world's leading media outlets, Newsweek, Wiley and our research partner, The University of Pittsburgh Frances Hesselbein Leadership Forum."
For more information visit www.mostlovedworkplace.com or www.bestpracticeinstitute.org
About Best Practice Institute
Best Practice Institute is an award-winning leadership and organization development center, research company, think tank, and solutions provider serving companies ranging from The United Nations and Department of Justice to F500 and mid-sized companies since 2001.
About Newsweek
Newsweek is the modern global digital news organization built around the iconic, 85-year-old American magazine. Newsweek reaches more than 60 million people each month with its thought-provoking news, opinion, images, graphics and video delivered across a dozen print and digital platforms. Headquartered in New York City, Newsweek also publishes international editions in EMEA and Asia.
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