Edmunds Named One of the Best Workplaces for Millennials | Edmunds

Edmunds Named One of the Best Workplaces for Millennials


Edmunds has been named one of the country's Best Workplaces for Millennials by research and consulting firm Great Place to Work and Fortune. The ranking was based on 398,000 surveys that assessed organizations' fairness, teamwork, benefits and other elements essential to an outstanding work culture.

Edmunds ranked No. 52 out of 100 companies on the list, and it was one of only two organizations recognized as a best workplace for millennials in the Los Angeles metro area.

"As one of the founding tech companies of Silicon Beach, Edmunds has led the way in creating an exceptional work culture that caters to employees first," said Edmunds CEO Avi Steinlauf. "This award is a strong tribute to all the people at Edmunds, especially the Employment and Workplace Experience teams who ensure that we're constantly pushing the envelope and facilitating a fun, rewarding and innovative environment where millennials and all other generations of employees can thrive."

While many companies report high turnover among younger workers, an average of 85 percent of millennial front-line employees at companies deemed Best Workplaces by Great Place to Work say they want to remain at their organizations for a long time.

"Millennials expect more from their employers in areas like fair treatment, clear communication, authentic leadership and opportunities for advancement — and rightly so," said Michael Bush, CEO of Great Place to Work. By building a high-trust culture, companies that win Best Workplaces for Millennials meet those expectations and boost young employees' intent to stay by 20 times.

Edmunds is an exemplar of that culture, thanks in part to its Results-Only Work Environment, where employees have the freedom to set their own hours and take the time off they need — as long as they deliver results for the company. In addition, Edmunds employees who are based in Santa Monica can get their work done at EdQuarters, the company's award-winning 143,000-square-foot office, located 2 miles from the beach.

The facility features such amenities as free breakfasts, a frozen-yogurt bar and a game room. EdQuarters has open workspaces and informal meeting places that encourage collaboration. Edmunds also offers such perks as cash toward vacations, a sabbatical program, subsidized gym memberships, and on-site massages and yoga. Employees can grow through personal and professional development programs and be commended for their work through a number of recognition programs, including Edmunds' sought-after V12 Award.

The Best Workplaces for Millennials is one of a series of accolades by Great Place to Work and Fortune, based on employee feedback from organizations that have been certified by Great Place to Work. Edmunds also has been ranked as a Best Workplace in Technology in the small and medium-sized businesses category in 2017, and a Best Workplace for Asian Americans, a Best Workplace for Diversity and a Best Medium Workplace in 2016.

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