Memphis, Tenn. (September 21, 2023) — Fogelman Properties (“Fogelman”), one of the country’s largest privately-owned multifamily firms, is pleased to announce that it was named as Newsweek’s 2023 Top 100 Most Loved Workplaces®. The annual list recognizes companies that have created a workplace where employees feel respected, inspired and appreciated and are at the center of the business model.
In collaboration with the Best Practice Institute (BPI), a leadership development and benchmark research company, the rankings were determined after surveying more than two million employees from businesses with workforces varying in size from 50 to more than 100,000.
“We are incredibly honored to be recognized on the coveted Top 100 Most Loved Workplaces® list. It is especially meaningful during our 60th anniversary and underscores our dedication to creating a workplace where team members thrive,” says Mark Fogelman, president of Fogelman. “We attribute the ranking to our collaborative culture, experienced team and unwavering commitment to excellence.”
Since 1963, the company has evolved from a local Memphis family-owned business to a leader in multifamily with more than 100 communities and 650 associates across 13 states in the Southeast, Southwest and Midwest. Fogelman has a trusted team of tenured experts with its leadership team averaging 20+ years in multifamily, and more than a decade of dedicated service at Fogelman. Today, Fogelman operates a portfolio of more than 30,000 apartment homes and more than $4.5B in asset value.
The key areas included in the analysis are based on how well companies demonstrate the areas within the Spark Model as defined by BPI including Systemic Collaboration, Positive Vision of the Future, Alignment of values, Respect and Killer Achievement. Employee sentiments and emotions indicating how engaged employees are, how positive they feel about their workplace and how committed they are to the organization’s success were analyzed to identify the Top 100 Most Loved Workplaces®.
“Fully understanding and acting upon employee sentiment, emotion and recommendations continues to be a challenge and top priority of executive leadership,” said Louis Carter, CEO of Best Practice Institute. “The companies on this list have committed to listening carefully to their employees to create a workplace employees love.”
“With the rapidly changing workplace and competition for top talent, more companies are recognizing the importance of employee engagement and commitment,” said Nancy Cooper, Global Editor in Chief, Newsweek. “The workplaces that have demonstrated a commitment to their employees in 2023 are more likely to attract the best talent and deliver strong business outcomes.”
For the complete Newsweek list of 2023’s Most Loved Workplaces, please visit https://www.newsweek.com/rankings/most-loved-workplaces-america-2023.
To identify the top 100 companies for the Newsweek ranking, companies were evaluated and scored as follows: 35 percent of the initial score was based on employee survey responses; 25 percent was derived from analysis of external public ratings from sites such as Comparably, Careerbliss, Glassdoor, Indeed and Google; and 40 percent came from direct interviews with and written responses from company officials. Newsweek then conducted additional research into every company on the list, as well as the top runners-up, to determine the final list of 100 companies and their ranking. (The list includes both U.S. firms and companies with a strong U.S. presence that are based overseas.)
Newsweek is the modern global digital news organization built around the iconic, over 85-year-old American magazine. Newsweek reaches 100 million people each month with its thought-provoking news, opinions, images, graphics, and video delivered across a dozen print and digital platforms. Headquartered in New York City, Newsweek also publishes international editions in EMEA and Asia.
About Best Practice Institute
Best Practice Institute is an award-winning leadership and organization development center, benchmark research company, think tank, and solutions provider. BPI is the certifying body for Most Loved Workplace® and conducted the original research to create the model and criteria for becoming a Most Loved Workplace®. BPI’s research proves that Most Loved Workplaces® produce 3-4 times better customer service, employee performance, and retention than companies not loved by their employees.