Organizations on list outperform the S&P/TSX 60 by 600 per cent
An organization's culture can be a competitive advantage, even during tough economic times, according to the latest Waterstone Human Capital list of Canada's 10 Most Admired Cultures.
The organizations on the 2010 list have outpaced, over a three-year compound annual growth rate, the 60 largest companies on the Toronto Stock Exchange (S&P/TSX 60) by an average of nearly 600 per cent.
“This year’s winners are truly outstanding – 12 unique and vibrant, high-performance organizations,” said Marty Parker, the president and CEO of Waterstone Human Capital, an executive search and professional recruitment firm.
“They each exemplify something we at Waterstone have always known: That great people create great cultures, and great cultures create a competitive advantage that generates outstanding results – in both good times and bad.”
This is the sixth year of the competition. Nearly 400 organizations were nominated this year and there was a 30-per-cent increase over 2009 in terms of the number of organizations proceeding with a formal submission to the program.
“This award recognizes the importance of great workplaces, but more importantly – great workplaces where culture impacts performance,” said Parker. “Culture is a strategic competitive advantage – we are convinced it is the single greatest asset an organization can have.”
Canada’s 10 Most Admired Corporate Cultures of 2010 (in alphabetical order):
Aeroplan Canada Inc. (Montreal)
Blinds To Go Inc. (Montreal)
Canadian Western Bank (Edmonton)
Desjardins Group (Lévis, QC)
Discount Car and Truck Rentals (Toronto)
Flight Centre (Vancouver)
HOOPP – Healthcare of Ontario Pension Plan (Toronto)
Maple Leaf Foods (Toronto)
Procter & Gamble Canada (Toronto)
The Home Depot Canada (Toronto)
Two special categories:
Best Emerging Organization: Clearly Contacts (Vancouver)
Broader Public Sector: The Princess Margaret Hospital Foundation (Toronto)
