Utah-based bedding company Malouf recently announced that the company has been named one of Inc. Magazine’s Best Work Places of 2019, the publication’s fourth annual ranking in the fast-growing private company sector.
The award is the result of a wide-ranging and comprehensive measurement of private American companies that created exceptional workplaces through vibrant cultures, deep employee engagement, and stellar benefits. Collecting data on nearly 2,000 submissions, Inc. singled out 346 finalists.
Each nominated company took part in an employee survey, conducted by Omaha’s Quantum Workplace, on topics including trust, management effectiveness, perks, and confidence in the future. Inc. gathered, analyzed, and audited the data. Then ranked all the employers using a composite score of survey results. This year, 74.2 percent of surveyed employees were engaged by their work—besting last year’s 72.1 percent.
The strongest engagement scores came from companies that prioritize the most human elements of work. These companies are leading the way in employee recognition, performance management, and diversity.
“Happiness at work is critical to our success, both as people and as a company. When founding Malouf, we didn’t set out to be benefit-driven. It happened organically. We’re all about a group of people getting along, caring about each other and caring about what they’re doing,” said CEO Sam Malouf.
All companies had to have a minimum of 10 employees and be U.S.-based, privately held and independent—not subsidiaries or divisions of other companies. While researching the finalists, Inc. and Quantum saw distinct themes:
- 99 percent provide health insurance—and some cover the cost.
- 49 percent allow employees to bring pets to work.
- 65 percent take employees to offsite retreats to relax and recharge.
- 16 percent offer paid sabbaticals to reward length of service.
"With today's tight labor market, building a great corporate culture is more important than ever,” says Inc. magazine editor in chief James Ledbetter. “The companies on Inc.'s Best Workplaces list are setting an example that the whole country can learn from."
About Malouf: A leader in the furniture and bedding industry, Malouf offers a wide range of innovative products including pillows, sheets, mattress protectors, bed frames, mattress toppers, and adjustable bed bases. Malouf products are available in over 12,000 retail partner locations in the U.S. and its growing international team now serves over 20 countries. Known for its commitment to quality, pricing, and service, Malouf continues to expand its vertical integration capabilities to better serve its customers. Malouf was founded in 2003 by Sam and Kacie Malouf and is headquartered in Logan, Utah.
About Inc. Media: Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Winner of Advertising Age’s “The A-List” in January 2015, and the National Magazine Award for General Excellence in both 2014 and 2012, Inc. has a monthly audience reach for the brand has grown significantly from 2 million in 2010 to over 20 million today.
About Quantum Workplace: Quantum Workplace is an HR technology company that serves organizations through employee engagement surveys, action-planning tools, exit surveys, peer-to-peer recognition, performance evaluations, goal tracking, and leadership assessment.