Men's Wearhouse Named One of FORTUNE's "100 Best Companies to Work For" Men's Wearhouse Jumps in Rank to No. 50
FREMONT, Calif., Jan. 17, 2013 /PRNewswire/ -- Men's Wearhouse (NYSE: MW) announced today that for the 12th time since 2000, the company has been named one of FORTUNE magazine's "100 Best Companies to Work For." The company's commitment to fostering a corporate culture dedicated to training, celebrating, and fulfilling the potential of all employees helped Men's Wearhouse jump to No. 50 on the list, up from No. 55 last year.
Men's Wearhouse has taken great measures to implement unique training and recognition programs that promote and encourage employees' development and success, including:
- Integrating employee training and development into the company's corporate culture
- Fostering a strong appreciation for its on-site tailors
- Providing fully paid sabbaticals and vacation time, a rare offering among retailers
- Honoring distribution center workers through an Employee of the Month program
"I founded this company 40 years ago on the belief that employees should enjoy coming to work every day," said George Zimmer, Men's Wearhouse Founder and Executive Chairman. "Throughout our history, we've always recognized that our employees are the heart of this company and responsible for driving the quality of the customer experience and success of the brand. It is with the deepest gratitude that we acknowledge the thousands of dedicated Men's Wearhouse employees who have made this recognition possible."
"At Men's Wearhouse, our vision statement is to strive every day to provide world-class service to our customers and each other," said Doug Ewert, Men's Wearhouse President and CEO. "This accolade belongs to our employees who exemplify the exceptional customer service that has become synonymous with the Men's Wearhouse brand. Their energy, commitment, and dedication across all levels of the organization are what make our company successful."
100 Best Companies to Work For Methodology
To pick the 100 Best Companies to Work For, FORTUNE partners with the Great Place to Work Institute to conduct the most extensive employee survey in corporate America: 259 firms participated in this year's survey. More than 277,000 employees at those companies responded to a survey created by the institute, a global research and consulting firm operating in 45 countries around the world. Two-thirds of a company's score is based on the results of the institute's Trust Index survey, which is sent to a random sample of employees from each company. The survey asks questions related to their attitudes about management's credibility, job satisfaction, and camaraderie. The other third is based on responses to the institute's Culture Audit, which includes detailed questions about pay and benefit programs and a series of open-ended questions about hiring practices, methods of internal communication, training, recognition programs, and diversity efforts. After evaluations are completed, if news about a company comes to light that may significantly damage employees' faith in management, it may be excluded from the list. Any company that is at least five years old and has more than 1,000 U.S. employees is eligible. For more information on how to apply, visit: http://bit.ly/n8bVJ3.
About Men's Wearhouse
Founded in 1973, Men's Wearhouse is one of North America's largest specialty retailers of men's apparel, with 1,144 stores. The Men's Wearhouse, Moores, and K&G stores carry a full selection of men's designer, brand name, and private label suits, sport coats, furnishings, and accessories, and Men's Wearhouse and Tux stores carry a limited selection. Most K&G stores carry a full selection of women's apparel. Tuxedo rentals are available in the Men's Wearhouse, Moores, and Men's Wearhouse and Tux stores. Additionally, Men's Wearhouse operates a global corporate apparel and workwear group consisting of Twin Hill in the United States and Dimensions, Alexandra, and Yaffy in the United Kingdom. For additional information on Men's Wearhouse, please visit the company's websites at www.menswearhouse.com, www.kgstores.com, www.mooresclothing.com, www.twinhill.com, www.dimensions.co.uk, and www.alexandra.co.uk.
SOURCE Men's Wearhouse