QuikTrip Earns 13th Year on Best Companies to Work For List
TULSA, Okla. — QuikTrip Corp. has been honored many times as one of the nation's best companies to work for, and this year is no exception.
The Tulsa-based convenience store retailer landed on Fortune's "Top 100 Best Places to Work For" list for the 13th year. The magazine has partnered with Great Place to Work to compile the annual ranking for the last 18 years.
"It is no coincidence that the 100 best workplaces are also extremely profitable and successful companies," said China Gorman, CEO of Great Place to Work. "Research by our firm definitively showcases that the best places to work outperform their competitors. There is an absolute return on investment when companies invest in creating a high-trust workplace culture. Great workplaces have significantly less turnover and produce employees who have a vested interest in the company."
According to the rankings, No. 54 QuikTrip pays above-average wages, provides a 50-percent 401(k) match up to 3 percent and 79 percent of health insurance premiums. In addition, part-time employees are eligible for health insurance when working 26 hours per week or more.
Fortune also noted that the 24-hour convenience store chain "had some 400 outlets when it first appeared on this list 12 years ago. Now it has more than 700, staffed by upbeat employees catering to motorists needing gas, cigarettes, six-packs, a Snickers bar or lottery ticket."
QuikTrip is a privately owned company with $12.5 billion in revenue and 16,864 U.S. employees, 942 of which are full-time. It operates more than 700 stores in 12 states. Chet Cadieux is the CEO.
The retailer took the No. 48 spot on last year's list.
Other convenience channel-related companies appearing on the 2015 list include General Mills (No. 80) and Mars Inc. (No. 85).
This year's list reinforces that company leaders recognize that a strong connection between a positive employee experience and improved business outcomes exists. Whether the outcome is outstanding customer service, attracting and retaining the industry's top talent or creating superior products, efforts to become a great workplace are invariably perceived as closely tied to these business goals, according to the report.
"A new type of 21st century company is emerging," Gorman said. "It is transforming how business is done both internally and externally. It understands that having happy employees can result in higher productivity, better engagement and greater loyalty. These factors ultimately lead to a competitive advantage and enable companies to quickly bounce back from challenging situations. The 100 best companies set the standard for businesses."