ST. PETERSBURG, Fla.–Velera, the new name for the company formed by the merger of PSCU/Co-op Solutions, has been named a winner of Glassdoor’s inaugural award for Best-Led Companies 2024 in the U.S.
According to the company, the award honors companies with exceptional senior leadership teams that go “above and beyond” to redefine the employee experience.
“Unlike other workplace awards, Glassdoor’s awards rely on input from employees who anonymously submit a company review on Glassdoor over the past year,” Velera stated.
Velera noted it was named to the list based on employee reviews on PSCU’s Glassdoor page.
“We’re continuing to see employees face challenges as they navigate the rapidly evolving nature of worklife,” Glassdoor CEO Christian Sutherland-Wong said in a statement. “But regardless of changes, one thing is certain; the people within an organization remain its greatest asset, and I truly believe employee wellbeing trickles down from the very top. That’s why we’re excited to reveal Glassdoor’s inaugural list of the Best-Led Companies, showcasing those shining examples of companies where senior leadership is putting worklife and people first according to the millions of ratings and insights provided by those who really know a company – employees.”
How it Works
According to the company, when providing a company review, employees are asked to rate several factors tied to their employment experience. These include rating sentiment around their CEO’s job performance as well as around senior management, among other factors.
“Specifically, when rating their CEO on Glassdoor, employees are able to choose from one of three options: approve, disapprove or no opinion of the CEO,” Velera said in its statement. “In addition, employees are also asked to share some of the best reasons to work for the company (pros), any downsides (cons) and are encouraged to provide advice to management.”
According to the company, the Best-Led Companies algorithm also leveraged Review Intelligence, a Glassdoor sentiment analysis tool that reads, analyzes and categorizes reviews to surface topics, insights and trends to score company reviews that mention “senior leadership” topics.
‘Absolute Honor’
“It is an absolute honor to be recognized with this inaugural award alongside so many great organizations and inspirational leaders,” Velera President and CEO Chuck Fagan said in a statement. “This award is a true testament to the entire Velera leadership team, who truly believes our employees are our greatest asset. As we embody the credit union philosophy of ‘people helping people,’ we empower and encourage our employees to work together to create a company for which we are all proud to work.”
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