92% of Employees Say Synchrony is a Great Place to Work
Synchrony's People-First Investments Deliver Flexibility, Well-Being and Equity
STAMFORD, Conn., April 4, 2023 /PRNewswire/ -- Synchrony (NYSE: SYF) has advanced to number 20 on the 2023 100 Best Companies to Work For® list in the U.S. by Fortune magazine and Great Place to Work®. Earning this recognition means that Synchrony has surpassed rigorous benchmarks, establishing itself as one of the nation's best places to work. The ranking, based primarily on employee feedback, underscores the company's commitment to innovate the employee experience and how work gets done by caring for its people, building a new leadership model and advancing equity, diversity and inclusion.
"Companies must adopt new ways of thinking to meet the needs of a changed workforce." - Synchrony CEO Brian DoublesHear from Synchrony employees in their own words about life at Synchrony: synchronycareers.com/life-at-synchrony
This is the sixth consecutive year Synchrony has earned the coveted honor, demonstrating that putting people first by acting and innovating on employees' needs creates a great place to work and drives greater employee engagement, retention and business outcomes.
"Now more than ever, companies must adopt new ways of thinking and forgo old paradigms to meet the needs of a changed workforce," said Brian Doubles, President and CEO of Synchrony. "We understand that people are the heart of our business. Listening to their ideas and concerns helps us evolve our strong culture, leading to greater innovation and business growth. We have embraced a new way of working centered on flexibility, choice and well-being. And we will continue to build an equitable workplace that works for all."
At Synchrony, hourly employees and women represent the workforce majority. In the most recent Great Place to Work employee survey, 92% of Synchrony employees say this is a great place to work (compared to 57% at a typical U.S. company) and 93% say the company's way of working gives them the flexibility they need.
"We have found that when we listen and act on what our people need, we can nurture the culture we're all proud of," said DJ Casto, Executive Vice President and Chief Human Resources Officer of Synchrony. "We will continue to work together with our employees and design flexible work options, innovate on coaching to build high performing teams, provide industry-leading wages and benefits and advance equity for all."
The company's people-first investments include:
To learn more about careers at Synchrony, visit synchronycareers.com.
Methodology
The Fortune 100 Best Companies to Work For list is one of the most respected and comprehensive measures of workplace culture and talent management best practices. To determine this year's honorees, Great Place To Work analyzed the anonymous survey responses of more than half a million employees from Great Place To Work Certified™ companies with at least 1,000 workers. Survey responses reflect a comprehensive picture of the workplace experience. Companies also submitted essays describing their efforts to offer generous and innovative support for workers, which were validated against employee survey responses. Honorees were selected based on their ability offer positive outcomes for employees regardless of job role, race, gender, sexual orientation, work status, or other demographic identifier.
About Synchrony
Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry's most complete digitally-enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoor, pet and more. We have an established and diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers, which we refer to as our "partners." We connect our partners and consumers through our dynamic financial ecosystem and provide them with a diverse set of financing solutions and innovative digital capabilities to address their specific needs and deliver seamless, omnichannel experiences. We offer the right financing products to the right customers in their channel of choice. For more information, visit www.synchrony.com and Twitter: @Synchrony.
Media Contact:
Angie HuAngie.Hu@syf.com
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SOURCE Synchrony