Royal Credit Union has been awarded on the Forbes list of America’s Best Small Employers 2023.
Royal Credit Union has been awarded on the Forbes list of America’s Best Small Employers 2023. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards were announced on July 18th, 2023, and can currently be viewed on the Forbes website.
America’s Best Small Employers ranking was based on the analysis of over 7 million data points with over 11,000 companies with more than 200 employees, but fewer than 1000. Placement on the final list was awarded based on a scoring model that considered the following aspects:
Employee Satisfaction / Public Opinion Data: This took the form of recommendations given by employees anonymously through online surveys. These were either direct recommendations (0 to 10 scores from employees of the company) or indirect recommendations (positive/negative evaluations of companies, reflecting public opinion). Additionally, employee retention (avg. length of employment) was considered.
Social listening data: The sentiment reflected in various sources across thousands of social media posts related to the company’s relationship with its employees is identified through an algorithm and deemed either positive, negative, or neutral based on textual analysis.
“We are honored to be named by Forbes as one of America’s Best Small Employers,” said Brandon Riechers, Royal Credit Union President and CEO. “At Royal we have a fun and unique workplace culture based on our values. Our team members put Royal’s core purpose of creating a positive impact in the lives we touch into practice every day. We are proud to offer our team a total rewards program that includes competitive wages, great benefits, and access to a wide variety of development opportunities.”
Based on the results of the study, Royal ranked 48th out of 300 employers recognized. The list included employers from a wide variety of industries and locations across the United States.