Raises for everyone
Hunting for a job in Houston? A new ranking from Fortune magazine suggests you might consider three local companies.
Camden Property Trust, David Weekley Homes, and Hilcorp Energy Co. all rank on Fortune’s 2020 list of the 100 Best Companies to Work For, published February 18.
Fortune bases its annual list of the best workplaces on a nationwide study done by analytics firm Great Place to Work. This time around, the study featured input from more than 4.1 million U.S. workers who responded to over 60 survey questions.
Houston-based apartment owner and operator Camden Property Trust comes in at No. 18, an improvement over last year’s rank of 19. The real estate owner and operator is known for a lighthearted corporate culture that has seen executives willing to poke fun at themselves and others at company events and celebrations, according to the list.
There are also perks to working for an apartment landlord; 44 percent of employees live in Camden-owned apartments and take advantage of a 20 percent rent-discount benefit that collectively saves them more than $1.9 million per year.
Not far down the list, at No. 23, is Houston-based homebuilder David Weekley Homes, which makes a big leap over last year’s rank of 41. Family comes first at this nationwide homebuilding company, says the report. Prospective employees often participate in Key Influencer Visits, where they are interviewed (often in their homes) alongside family members or close friends to help hiring managers better understand their personalities and backgrounds.
There’s also an internship program designed specifically for employees’ children and a discount on homes sold to staffers and their family members (a set percentage based on tenure). One worker says, “It really exemplifies how the company puts the employees first, even before customers.”
New to the list this year is Houston-based oil and gas production company Hilcorp Energy Co. The largest privately held oil and natural-gas production company in the U.S., Hilcorp challenges its employees to think in terms of Big Hairy Audacious Goals, the lofty performance goals it sets every five years. For every BHAG met, employees are rewarded with significant cash bonuses and even new cars.
To meet these goals, CEO Greg Lalicker believes, total transparency is a must, from frontline employees to the CFO, according to the report. All financials, cash flow, investments, oil- and gas-price impacts, BHAG progress reports, and other critical information are shared in monthly, companywide “lifting cost” meetings. “It blows your mind to be in your first lifting-cost meeting and hear supersecret information,” recalls one new hire.
Five other Texas-based employers also appear on this year’s list:
- No. 15: Arlington-based Texas Health Resources ranks first among Texas-based employers and 15th nationwide. Last year, the organization ranked ninth nationwide.
- No. 55: San Antonio-based financial services provider USAA. Last year’s rank: 30.
- No. 66: Dallas-based Ryan LLC, a provider of tax software and services. Last year’s rank: 52.
- No. 86: San Antonio-based oil pipeline and terminal operator NuStar Energy LP. Last year it was unranked.
- No. 88: Dallas-based Encompass Health Home Health & Hospice, part of Birmingham, Alabama-based Encompass Health Corp. Last year’s rank: 54.
Nationwide, McLean, Virginia-based Hilton Worldwide Holdings Inc. ranks first on this year’s Fortune list, followed by Weston, Florida-based Ultimate Software Group Inc., Rochester, New York-based Wegmans Food Markets Inc., San Jose, California-based Cisco Systems Inc., and Pleasanton, California-based Workday Inc.