Corporate Culture and Citizenship
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Costco CEO Craig Jelinek Leads the Cheapest, Happiest Company in the World - Businessweek

Costco's chief furnishes his boardroom with faux-wood tables, has no PR staff, and doesn't offer customers shopping bags—but he does pay employees a fair wage. Now that his formula is pleasing Wall Street, will other companies follow?
Scott Tanksley's insight:

Love this statement!

 

Costco treats its employees well in the belief that a happier work environment will result in a more profitable company. “I just think people need to make a living wage with health benefits,” says Jelinek. “It also puts more money back into the economy and creates a healthier country. It’s really that simple.”

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gigisabi's curator insight, July 28, 2013 1:16 AM

I couldn't get over this ceo's salary.

Hell back in the late 90s I worked for Morgan Stanley Dean Witter Discover and Co. in the investment banking division as a graphics operator (used programs freelance and powerpoint) and my base salary was $49940 not including overtime which was plentiful.

I consistently earned $65000+ per annum sitting at a computer station working on powerpoint presentations. I can not imagine running an empire like costco and earning what he does.

God Bless

Rescooped by Scott Tanksley from Business Brainpower with the Human Touch
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Culture of Purpose: A Business Imperative | 2013 Core Beliefs & Culture Survey

Culture of Purpose: A Business Imperative | 2013 Core Beliefs & Culture Survey | Corporate Culture and Citizenship | Scoop.it

There is a link between organizations that instill a sense of purpose and their long-term success, says a new survey just released by Deloitte. Yet, businesses are still not doing enough to create this sense of purpose and make a positive impact on all stakeholders.  In fact, according to the report, 91% of respondents who said their company has a strong sense of purpose also said their company has a history of strong financial performance.  However, 68% of employees and 66% of executives believe businesses do not do enough to create a sense of purpose and deliver meaningful impact.  So says Deloitte Chairman Punit Renjen who has been out and about evangelizing for the power of purpose.   “Our research reveals the need for organizations to cultivate and foster a culture of purpose,” says Chairman Renjen.


Via The Learning Factor
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The Learning Factor's curator insight, May 21, 2013 5:40 PM

The 2013 Deloitte Core Beliefs & Culture survey found that the organizations that focus beyond profits and instill a culture of purpose are more likely to find long-term success.

Tracy Cuajao's curator insight, August 22, 2013 8:16 PM

Organizational purpose is underpinned with core values.