The Midcounties Co-operative, the largest independent co-operative society in the UK, is celebrating after securing a coveted two-star rating and a place on the nationally acclaimed Sunday Times 25 Best Big Companies to Work For’ list, for the fourth consecutive year.
‘The Best Companies to Work For’ accreditation, which ranks the Society alongside some of the largest and highest-profile businesses and organisations from across the UK and Northern Ireland, is awarded following an employee feedback survey, in recognition of organisations which have high levels of employee engagement.
After climbing to 13th place in the ‘25 Best Big Companies to Work For’ last year, up from 24th position in 2012 and 2011, The Midcounties Co-operative will have to wait to find out where it is ranked in the 2014, with the results set to be announced on 27 February 2014 at an awards ceremony in London.
The two-star rating, which puts The Midcounties Co-operative in the ‘outstanding’ category of the Sunday Times poll, comes shortly after the Society announced that it had achieved its best-ever result in an independently managed annual colleague survey, with an engagement score of 80 out of 100.
Commenting on the Society’s recognition by the Sunday Times as one of the top ‘25 Best Big Companies to Work For’, Ben Reid, chief executive of The Midcounties Co-operative, said: “To be recognised as a top big company to work for based purely on colleague feedback is a great honour and also a significant endorsement of the co-operative values which our Society embodies.
“Our Midcounties’ colleagues are the driving force of our organisation and we remain fully committed to enhancing their working lives, providing them with the best possible support, training and career opportunities, whilst also continuing to serve our members, customers, and local communities.”
The Best Companies accreditation follows the elite ‘Michelin-star’ style rating system. Based on colleague feedback, organisations receive an index score which determines their star-rating compared to a fixed standard. The score is defined from colleagues’ responses to questions within the Best Companies survey, which assesses all areas of the employment experience, including leadership, personal development, wellbeing and remuneration.
The Midcounties Co-operative has more than 9,000 colleagues based at its head office in Warwick and across the country in the Society’s eight trading groups.