Concord Hospitality Named a Top Millennial Workplace for Second Consecutive Year
Concord Hospitality Enterprises Company, a leading hospitality owner, manager, and developer, today 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 top 100 best workplaces for millennials in the country for the second consecutive year, especially since more than 40% 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?”
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.
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.
About Concord Hospitality Enterprises Company
As an award-winning hotel development, ownership and management company, Concord Hospitality Enterprises Company has spent the last three decades building relationships with investors on more than $2.5 billion in premium-branded properties across the United States and Canada. As an operator, both for third party owners and partners, Concord Hospitality instills value from the ground up, developing and managing with a sustainable viewpoint, a focus on quality and hands-on involvement to ensure long-term profitability and success. With the brightest talent, the most innovative processes and a commitment to giving back to the communities where associates live and work, Concord is a company that leads with purpose both internally and externally. Learn more at concordhotels.com.
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. Follow Great Place to Work at www.greatplacetowork.com and on Twitter at @GPTW_US.