- Talent Management
SAS Institute, a private company with headquarters in Cary, North Carolina, has frequently been named as one of the best places to work by Fortune and other media outlets.
Here’s what Fortune said about SAS Institute when ranking it number four on the list of the top 100 companies to work for in 2015:
Jim Goodnight, former statistics professor at North Carolina State, founded SAS in 1976 and is still a visible presence on the lush campus of this analytics software company. A team of 37 landscapers plant more than 3,800 flowers every year — and they are direct employees of SAS, not contractors. As such, they enjoy generous benefits, everything from onsite childcare, health and fitness centers, a pharmacy, and subsidized meals.
SAS is a company focused on developing analytics software. The software is used to manage and analyze data. A few quick statistics about SAS: It was, as mentioned above, founded by James Goodnight who’s now ranked as one of the wealthiest people in the country. It’s made Fortune’s list of great places to work for 18 years, and in 2014 had a revenue of $3.1 billion.
In addition to Fortune’s list, SAS was also recognized as a 2015 Best Place to Work for Recent Grads by Symplicity Corporation. Reasons SAS was selected for the list include a work environment that provides inspiration and energy to employees and young professionals. SAS was also honored for creating opportunities for young people to continue to learn while moving ahead in their careers.
“SAS is thrilled to receive this recognition and is excited about what the next generation brings to our company,” said SAS Vice President of Human Resources, Jenn Mann, “They are highly intelligent, creative problem solvers, who love to co-create – a great fit for us!”
With 6647 U.S. employees last year, the company was also able to add 193 full-time employees.
Many analysts and reporters point to what they see as a correlation between the performance of SAS and the happy employees. For more than 27 years, the company has enjoyed record earning levels, making it an example for the concept that a happy workplace is also a successful one.
The Emotional Component
Emotionality isn’t something that’s often praised in the workplace, but that’s just what SAS and founder Dr. Jim Goodnight says is a crucial part of the talent management strategy.
During an interview with Fast Company, Dr. Goodnight pointed out the fact that respect and a sense of putting people and their feelings first are driving components of their success in terms of both talent and revenue.
The idea behind their people-based strategy is that employees are going to respond well when their employer shows them they’re important and have value.
The reporter from Fast Company went on to highlight four tenants of leadership that make SAS a standout:
While the overall culture is the primary feature that sets SAS apart, there are also some unique perks available to employees.
So what has led to this evolved and exciting talent management strategy at SAS? One reason many people point to is the fact it’s a private company with no shareholders. While this may hold true, it’s also important to realize this is something Dr. Goodnight has been dedicated to from the start. He and the company have seen tremendous rewards as a result.