With its history dating back to 1915, Wegmans has grown to be a 67 emporiums company with sales of $3.4 billion. The company has approximately 32,800 employees and boasts an employee turnover rate of only 6 percent compared to 19 percent among competitors. The company has a motto “employee first, customers second.” The company ranked #1 on FORTUNE magazine’s 2005 list of the 100 Best Companies to Work For. Wegmans has been on the list every year since it began in 1998.
Explore the company’s Website. What makes the company so good for the employees? Explain. How would you rate the company employees’ job satisfaction? What does the company do to retain employees? Would you consider Wegmans to be good for the employees only or does it hold true for other areas as well? Explain. Prepare a short report responding to the above questions.
