America's favorite CEOs of 2016 are known for their positive interactions with employees and their outstanding profitability. Glassdoor has taken notice and released their list of the 50 highest-rated CEOs in the U.S. this year. Luckily for them, they have all received an approval rating that's over 90 percent among their workers. Topping the list is Bain & Co's Bob Bechek. Facebook's Mark Zuckerberg and Google's Sundar Pichai aren't far behind on the list. What characteristics do these leaders share that make them well-liked by their employees? Let's look into them below to discover the magic of their highly admired ways. Take notes and learn from them to apply to your business!
America's favorite CEOs act as people-oriented leaders of their companies.
They Display Informal Authority
America's favorite CEOs have an authoritative approach to directing their companies. They showcase the advanced qualities needed to run businesses with effective strategies, but they also maintain an approachable demeanor towards their workforce. Although these CEOs aren't afraid to assert their power, they avoid being standoffish. Furthermore, they steer away from excessively exerting their dominance. They rely on a we're-all-in-this-together attitude. As a result, employees feel very comfortable engaging with these individuals. Bechek noted this practice ranks high on his list of priorities.
They Act as Trustworthy Role Models
These CEOs are on their toes trying to show what to do over simply commanding it. They lead by example because this practice has a more positive impact on their teams. This gives their employees more reason to trust in them as they show consistency in their mindsets and actions. Also, this practice adds proactive structure to their companies. Employees believe they can look up to these CEOs and draw real empowerment from them. In turn, they invest this energy into their work, helping them generate business leads.
They Maintain a People-Oriented Company Culture
Putting people first is a huge value for these CEOs. They understand their business success is ultimately dependent on the customers they serve and their workforce. That's why they take the time to evaluate the needs and wants of employees and consumers. This helps them create a company culture that embraces employees as valuable assets to their businesses. They create a social atmosphere where employees can effectively share and address their concerns. These CEOs are open to their feedback and try to make adjustments that promote cooperation.
These CEOs enjoy helping employees optimize their professional development.
They Strongly Value Professional Development
Professional development is in the forefront of their business practices. They're always exploring new ways to optimize the overall performance of employees. They focus on enhancing their skills and abilities to put their company ahead of competitors, but they understand that mediocre ideas won't energize their innovative spirit. Training their employees to open their minds and actively step outside their comfort zones is key. These CEOs realize that professional growth and creative solutions can't be achieved without enduring challenges and overcoming obstacles.
They Provide Generous Benefit Packages
They don't shy away from benefiting their employees beyond financial compensation. As mentioned before, they want to take good care of their employees. This includes looking out for their health and personal life with fantastic benefit packages. Scott Scherr, CEO and founder of Ultimate Software, attributes his company's 26 years of growth and financial prosperity to following this principle. Ultimate Software pays 100 percent of health insurance premiums for employees and their families. They also provide a 401(k) program with a 40 percent match.
Overall, these CEOs show that human capital is the most precious form of capital they have. Want to follow in their footsteps to develop your online marketing strategies? Schedule a consultation to find out how we can help you do so.