Hyundai has long been one of the most popular brands in the world, and now, it is being recognized as one of the best companies in the world as well. Let's examine why the company is receiving this honor and what it means to you, the consumer.
Where Does the Company Rank?
According to the TIME survey, the company is the third-best firm to work for in the world. This is a massive improvement from 194 just a year ago. Several reasons have been cited for its significant rise, including increased employee satisfaction and revenue growth.
Why Employee Satisfaction Matters
Employees who are content with their jobs are more likely to take pride in their work. This means that you can expect a quality product that is built, designed, and crafted with you in mind. You can also expect higher levels of customer service, whether you need to stop by a dealership or want to custom-order a vehicle. Those who are satisfied with their jobs are also less likely to leave, which results in lower turnover costs. Lower turnover costs mean higher profit margins, which is good news for the business and its shareholders.
ESG Initiatives Have Also Helped
The company has also taken a closer look at its role in the communities it serves. It has taken steps to improve its relationships with stakeholders and ensure that it is a good steward for those who need it. Taking steps to reform how the company is run and how it looks at key issues impacting the business has also drawn praise from customers and others.
If you are in the market for a new or used Hyundai, don't hesitate to see us at Camelback Hyundai today.
