SANTA MONICA, Calif., June 29, 2017 /PRNewswire/ -- Edmunds, the leading car information and shopping platform, today announced that it was named one of the country's Best Workplaces for Millennials by research and consulting firm Great Place to Work® and Fortune. The ranking was based on 398,000 surveys that assessed organizations' fairness, teamwork, benefits and other elements essential to an outstanding work culture.
Edmunds ranked No. 52 out of 100 companies on the list, and was one of only two organizations recognized as a best workplace for millennials in the Los Angeles metro area.
"As one of the founding tech companies of Silicon Beach, Edmunds has led the way in creating an exceptional work culture that caters to employees first," said Edmunds CEO Avi Steinlauf. "This award is a strong tribute to all the people at Edmunds, especially the Employment and Workplace Experience teams, who ensure that we're constantly pushing the envelope and facilitating a fun, rewarding and innovative environment where millennials and all other generations of employees can thrive."
While many companies report high turnover among younger workers, an average of 85 percent of millennial front-line employees at the Best Workplaces say they want to work at their organizations for a long time.
"Millennials expect more from their employers in areas like fair treatment, clear communication, authentic leadership and opportunities for advancement – and rightly so. The Best Workplaces for Millennials are finding that fulfilling all these expectations by building a high-trust culture boosts millennial employees' intent to stay by 20 times," said Michael Bush, CEO of Great Place to Work.
Edmunds is a Results-Only Work Environment, where employees are given the freedom to set their own hours and take the time off they need as long as they deliver results for the company. Employees based in Santa Monica enjoy working at EdQuarters, the company's award-winning 143,000-square-foot office located two miles from the beach. The facility features amenities such as free breakfasts and lunches, a frozen yogurt bar, a game room, and bright, colorful, open workspaces and informal meeting places that encourage collaboration. The company also offers perks like cash toward vacations, subsidized gym memberships, on-site massages and yoga, robust personal and professional development programs, and internal recognition programs.
The Best Workplaces for Millennials is one of a series of accolades by Great Place to Work and Fortune based on employee feedback from Great Place to Work–Certified™ organizations. Edmunds was also ranked as a Best Workplace in Technology in the small and medium-sized businesses category in 2017, and a Best Workplace for Asian Americans, a Best Workplace for Diversity and a Best Medium Workplace in 2016.
Edmunds is the leading car information and shopping platform, helping millions of visitors each month find their perfect car. With products such as Edmunds Your Price, Your Lease and Used+, shoppers can buy smarter with instant, upfront prices for cars and trucks currently for sale at more than 13,000 dealer franchises across the U.S. Edmunds' in-house team of unbiased car-shopping experts provide industry-leading vehicle reviews and shopping tips, as well as welcome all car-shopping questions to the free Shopper Advice line at 1-855-782-4711, via email at firstname.lastname@example.org, via text at ED411 and on Twitter and Facebook. The company is regarded as one of America's best workplaces by Fortune and Great Places to Work. Edmunds is based in Santa Monica, California, and has a satellite office in downtown Detroit, Michigan.
About the Best Workplaces for Millennials
Rankings are based on feedback from over 398,000 employees at Great Place to Work– Certified™ organizations. An anonymous Trust Index© survey assessed Millennial employees' experience of their managers' competence, respect and fairness in the workplace, meaningful work and other elements essential for an outstanding workplace. Results were compared to colleagues' responses from other generations. Rankings also take into account the consistency of experience for all Millennials, across various job roles and demographic backgrounds.
About Great Place to Work
Great Place to Work is the global authority on high-trust, high-performance workplace cultures. Through its certification programs, Great Place to Work recognizes outstanding workplace cultures and produces the annual Fortune "100 Best Companies to Work For®" and Great Place to Work Best Workplaces lists for Millennials, Women, Diversity, Small and Medium Companies, industries and, internationally, countries and regions. Through its culture consulting services, Great Place to Work helps clients create great workplaces that outpace peers on key business metrics like revenue growth, profitability, retention and stock performance.
For more information about Edmunds, contact Talia James: tjames@Edmunds.com or 310-309-6336.
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