Raleigh, N.C. -- Concord Hospitality Enterprises Company (Concord Hospitality) is pleased to announce that it has been selected as one of Fortune's Best Workplaces for Millennials. This list is based on employee surveys and showcases the best organizations for millennials when it comes to pay, shared decision-making and fair promotions.
"Almost half of our associates are millennials, and we have been collaborating with them for the last decade. They make our company and our world a better place by pushing us to be more charitable, sustainable and flexible," said Debra Punke, Senior Vice President of Human Capital for Concord Hospitality. "We are honored to be recognized among the top 100 best companies for millennials and look forward to continue fostering a great work environment for all of our associates."
In late 2015, Concord Hospitality was named a Great Place to Work®. Alongside Hyatt Hotels Corporation and Hilton Hotels, Concord Hospitality is one of just 12 hospitality companies to receive this year's designation, and it is the only independent hotel developer and operator to do so.
Rankings for the 100 Best Workplaces for Millennials are based entirely upon employees' own feedback and selected from a database of more than 600 Great Place to Work-Certified organizations.
To determine the list, Fortune asked Great Place to Work to survey more than 88,000 millennials (born 1981 or later), who rated their organizations on 58 workplace quality questions. Employees considered the sincerity of managers' support for people's personal and professional lives, how transparent communication is, people's ability to be themselves at work and to invest in their lives outside work, and the meaning they get from their jobs, among many other factors.
Millennials' anonymous responses resulted in a total score for each company, which was compared to the benchmark for organizations of that size. Companies needed to employ at least 50 millennials and achieve a 95 percent confidence level and margin of error of 5 percent or less in order to be eligible.
To find out more about study results and how to be considered for Fortune and Great Place to Work Best Workplaces lists, visit GreatPlacetoWork.com.
About Concord Hospitality Enterprises Company
As an award-winning hotel development, ownership and management company, Concord Hospitality Enterprises Company has spent the last three decades partnering with owners and its investors on more than $1 billion in in premium branded properties across the United States and Canada. As an operator, both for third party owners and partners, Concord Hospitality instills value from the ground up, developing and managing with a sustainable viewpoint, a focus on quality and a hands-on involvement to ensure long-term profitability. In every interaction you'll find that the Concord Cornerstones ring true: Quality, Integrity, Community, Profitability and Fun. Learn more at concordhotels.com.