RALEIGH, N.C.—Concord Hospitality Enterprises Co., a leading hospitality owner, manager, and developer, announced that consulting firm Great Place to Work and Fortune have recognized the company as one of the country’s 100 Best Workplaces for Millennials in 2017, marking the second consecutive year that Concord has received this designation.
The ranking considered 398,000 surveys that assessed organizations’ fairness, teamwork, benefits and other elements essential to an outstanding work culture.
“We are thrilled to be recognized as one of the top 100 best workplaces for millennials in the country for the second consecutive year, especially since more than 40 percent of our associates fall into this category,” said Debra Punke, Senior Vice President of Human Capital at Concord Hospitality. “Not only do we place a strong emphasis on learning, opportunities for growth and recognition, but we also insist on having fun—who doesn’t love that?”
A Place Where Employees Like to Stay
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,” said Michael Bush, CEO of Great Place to Work. “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.”
Alongside Marriott International and Kimpton Hotels and Resorts, Concord is one of just three hospitality companies to receive this year’s designation, and it is the only independent hotel developer and operator to do so.
