SANTA MONICA, Calif., Aug. 7, 2017 /PRNewswire/ -- The Los Angeles Business Journal today honored Edmunds, the leading car information and shopping platform, as one of the Best Places to Work in Los Angeles. The Santa Monica-based company officially placed 14th in the large company category (250+ employees), and the honor marks the eighth year in a row that Edmunds has been recognized by LABJ as a top workplace in Southern California.
"The best investment that Edmunds has ever made – and continues to make – is in our people," said Avi Steinlauf, Edmunds CEO. "This award is a testament to our team's commitment to creating a work environment that fosters collaboration, innovation and employee well-being. We are excited to continue to push the envelope in developing an exceptional work culture as Los Angeles' burgeoning tech and startup scene continues to flourish."
Edmunds functions as 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.
Other unique benefits at Edmunds include extended parental leave; TripCa$h, which reimburses each employee up to $500 in vacation expenses; robust personal and professional development programs; and internal recognition programs such as Bonusly, a program that empowers employees to recognize one another's work and accomplishments with spot bonuses.
Edmunds recently celebrated the one-year anniversary of the opening of its corporate offices in Santa Monica, an award-winning 143,000-square-foot space located two miles from the beach. Employees enjoy amenities including free breakfasts and lunches, a frozen yogurt bar, a game room, on-site yoga and meditation, and bright, colorful, open workspaces and informal meeting places that encourage collaboration.
To be considered for LABJ's Best Places to Work in Los Angeles, companies had to fulfill the following eligibility requirements:
Be a for-profit, not-for-profit business or government entity; Be a publicly or privately held business; Have a facility in Los Angeles County; Have at least 15 permanent employees in Los Angeles; Be in business a minimum of one year.
Companies from across the Los Angeles area entered the two-part survey process to determine the Best Places to Work in Los Angeles. The first part evaluated each nominated company's workplace policies, practices, philosophy, systems and demographics. This part of the process was worth approximately 25 percent of the total evaluation. The second part consisted of an employee survey to measure the employee experience and accounted for approximately 75 percent of the evaluation. The combined scores determined the top companies and the final rankings. Best Companies Group managed the registration and survey process in Los Angeles, analyzed the data and determined the final rankings.
The full rankings will be published in the August 21, 2017, issue of the Los Angeles Business Journal.
About Edmunds, Inc. 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 provides industry-leading vehicle reviews and shopping tips, as well as welcomes all car-shopping questions to the free Shopper Advice line at 1-855-782-4711, via email at [email protected], via text at ED411, and on Twitter and Facebook. The company is regarded as one of America's best workplaces by Fortune and Great Place to Work. Edmunds is based in Santa Monica, California, and has a satellite office in downtown Detroit, Michigan.