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The Happiest Companies To Work For In 2018

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Companies that keep employees happy aren’t just helping their workers—they’re helping themselves, since satisfied workers are more productive. In fact, a mutual fund that invests in companies with positive workplace ratings, Parnassus Endeavor, has beaten the market handily over the past 10 years.

What are the organizations with the happiest employees? Careers site CareerBliss launched its eighth-annual list of the happiest companies in America. It surveyed tens of thousands of workers and asked them to rate their employers on ten key factors, such as their relationship with management, workplace environment, compensation, satisfaction with job function and growth opportunities.

To see the top 10 happiest companies to work for, open the gallery below. For the full list of 50, see the end of this article.

Keller Williams Realty takes the top spot. The Austin, Texas company has 175,000 agents across more than 900 metro areas and claims to be the world’s largest real estate franchise by agent count. A Keller Williams Realty employee wrote on CareerBliss.com, “One of the greatest benefits is how our company promotes from within. All employees are encouraged and supported to be in control of their growth and career paths.”

Sneaker king Nike ranks second. It remains one of the most valuable brands in the world, and it’s navigating a big transition as more consumers shop online. In June it announced its “NIKE Direct” initiative—the company is trying to sell more of its products directly to consumers through its website and own stores, rather than rely on traditional retailers like Foot Locker.

Adobe is the fourth happiest company, according to CareerBliss. The Silicon Valley tech giant invented PDFs and launched them 1993. It claims PDFs have led to a 91% reduction in environmental impact and 90% cost savings when compared with paper-based processes. And Adobe’s Photoshop software is used by 90% of creative professionals. “The atmosphere is highly collaborative and energizing. People have always been friendly and helpful; very professional,” wrote one employee on CareerBliss.com.

Pharmaceutical giant Amgen ranks fifth. Arthritis drug Enbrel is its top-selling product, bringing in nearly $6 billion in sales last year. “The work-life balance is great, fantastic daycare on campus, lots of smart co-workers,” wrote one CareerBliss reviewer. “Working for Amgen was very rewarding to see the positive impact we made in patients’ lives,” reported a West Coast employee.

Full List: The Happiest Companies to Work for in 2018

  1. Keller Williams Realty
  2. Nike
  3. Total Quality Logistics
  4. Adobe
  5. Amgen
  6. Chevron
  7. Intuit
  8. Bristol-Myers Squibb
  9. PNC Financial Services Group
  10. TruGreen
  11. CIGNA
  12. Starbucks
  13. Apple
  14. Quicken Loans
  15. Leidos
  16. Qualcomm
  17. iGATE
  18. The Vanguard Group
  19. Citrix Systems
  20. Kaiser Permanente
  21. Chase
  22. Pfizer
  23. Fidelity Investments
  24. American Income Life Insurance Company
  25. Blue Cross Blue Shield Association
  26. American Express
  27. GE Capital
  28. Merck
  29. American Airlines
  30. Microsoft
  31. Cisco Systems
  32. Nordstrom
  33. Exxon Mobil
  34. Alcatel-Lucent
  35. CenturyLink
  36. Bank of America
  37. The Walt Disney Company
  38. Wells Fargo
  39. Oracle
  40. Citigroup
  41. Broadcom
  42. Farmers Insurance Group of Companies
  43. DirecTV
  44. Dell
  45. Symantec
  46. Metropolitan Life Insurance Company
  47. ABC News
  48. CareFusion
  49. Spectrum
  50. Verizon Communications
    – Jeff Kauflin

Current Affairs

Coca Cola South Africa Improves SME Role In Value Chain

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Coca Cola Beverages South Africa (CCBSA) launches an R20 million fund for small supplier development and procurement, annually, for the next five years.

This was announced by the Financial Director, Walter Leonhardt at Gallagher Convention Centre at the third annual Supplier Development Conference.

CCBS is the South African-based subsidiary of Coca-Cola Beverages Africa (CCBA).

Leonhardt said the purpose of this fund is to assist young upcoming black entrepreneurs in the Coca-Cola value chain.

“We are, today, launching the CCBSA supplier fund of access to funding. To address the issue of access to funding which most SMEs experience,” said Leonhardt.

This will enable the entrepreneurs’ procurement process to be easier.

“It is to help them buy equipment, fund working capital and to help them overcome something we have identified as a challenge for upcoming businesses, which is access to capital on quit lenient terms,” said Leonhardt.

Budding entrepreneurs can visit their website to find out how they can access the funds.

There were over 120 suppliers of CCBSA in attendance.

Managing director of CCBSA Velaphi Ratshefola said they spent R2.35 billion last year, supporting 567 black-owned suppliers, of whom, 265 were black female owned suppliers.  

“So for me, it is clear that this is working. We have helped create a very inclusive economy. We need to play our part and we need to ensure that only through an inclusive growing economy we can create a stable environment where businesses can flourish.

“If we do not have a stable environment, a stable economy, we will have a lot of disturbances which are never good for business,” said Ratshefola.                      

“So for all of us, we should not do it just for social reasons, we must do it for the success of businesses and imperative,” said Ratshefola. 

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Zimbabwe Central Bank Borrows $985 Million From African Banks

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Zimbabwe’s Reserve Bank has borrowed $985 million from African banks to purchase fuel and other critical imports with current reserves covering imports for just four weeks, underscoring the severity of dollar shortages, governor John Mangudya said.

The southern African nation last month ditched a discredited 1:1 dollar peg for its surrogate bond notes and electronic dollars, merging them into a lower-value transitional currency called the RTGS dollar.

Mangudya said the central bank borrowed $641 million from the African Export and Import Bank, $152 million from Eastern and Southern African Trade and Development Bank, and $25 million from Mozambique’s central bank, among others.

The loans, which would be repaid from future gold earnings, have a tenure of between three and five years and attract an interest of up to 6 percent above the Libor rate, Mangudya said.

Gold is Zimbabwe’s single biggest mineral export earner, accounting for a third of its $4.2 billion earnings last year after a record output, central bank data shows.

“These loans are well structured facilities contracted last year. They will be paid from future (gold) export receivables,” Mangudya told a parliamentary committee.

The central bank takes 45 percent of dollar sales from gold producers and half from other miners to fund imports like fuel and power and repay foreign loans.

But the miners only have 30 days to keep their dollar balances in local foreign currency accounts, after which they must sell them. The companies have asked the central bank to extend the period they may keep their dollars to 90 days, according to mining executives.

OVERDRAFT LIMIT

Unable to get funding from foreign lenders like the International Monetary Fund and World Bank due to arrears of more than $2.4 billion, Zimbabwe has looked to financiers from the continent and local banks to shore up its budget.

The central bank chief said Zimbabwe had just $500 million in reserves, enough to purchase four weeks’ worth of imports.

Mangudya said government borrowing from the central bank reached $2.99 billion in December, about three times its permissible overdraft limit.

President Emmerson Mnangagwa’s government has promised to curb borrowing in 2019 under reforms to revive the southern African economy, after the budget deficit soared last year following a spike in spending ahead of elections.

Finance Minister Mthuli Ncube said last week that the local RTGS dollar, Zimbabwe’s new de facto currency, will be backed up with fiscal discipline and the government would allow it to fluctuate but would manage excessive volatility.

On the interbank forex market on Monday, one U.S. dollar fetched 2.5 RTGS dollars, the same rate as on Feb. 22 when the central bank sold some dollars to banks. That compares to a rate of 3.5 RTGS dollars per U.S. dollar on the black market. -Reuters

-MacDonald Dzirutwe

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Volvo To Limit Car Speeds In Bid For Zero Deaths

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Volvo Cars said on Monday it will introduce a 180 km per hour (112 mph) speed limiter on all new vehicles as the Swedish automaker seeks to burnish its safety credentials and meet a pledge to eliminate passenger fatalities by 2020.

While Volvo, whose XC90 flagship SUV currently has a top speed of 212 km/h, has made progress on its so-called “Vision 2020” target of zero deaths or serious injuries, Chief Executive Hakan Samuelsson said it is unlikely to meet the goal without additional measures to address driver behavior.

“We’ve realized that to close the gap we have to focus more on the human factors,” Samuelsson said. Volvo did not elaborate on the data but said its passenger fatalities were already well below the industry average before the goal was announced in 2007.

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In addition to the speed cap, Volvo plans to deploy technology using cameras that monitor the driver’s state and attentiveness to prevent people driving while distracted or intoxicated, two other big factors in accidents, Samuelsson said.

The company is also looking at lower geo-fenced speed limits to slow cars around sensitive pedestrian areas such as schools, while seeking to “start a conversation” among automakers and regulators about how technology can be used to improve safety.

Volvo, which is owned by China’s Geely, announced the new speed limitation policy on the eve of the Geneva auto show, where its new Polestar performance electric-car brand is showcasing its second model, the Polestar 2.

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While Volvo buyers often choose the brand for its safety, Samuelsson conceded that the speed cap could be a turn-off for a few in markets such as Germany, where drivers routinely travel at 200 km/h or more on unrestricted autobahns.

“We cannot please everybody, but we think we will attract new customers,” the CEO said, recalling that the roll-out of three-point seat belts pioneered by Volvo in 1959 had initially been criticized by some as intrusive.

“I think Volvo customers in Germany will appreciate that we’re doing something about safety,” he said. -Reuters

– Laurence Frost; additional reporting by Esha Vaish

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