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| PRESS RELEASE - Technomics Honored with the Alfred P. Sloan Award for Business Excellence in Workplace Flexibility
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FOR IMMEDIATE RELEASE
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Technomics Honored with the Alfred P. Sloan Award for Business Excellence in Workplace Flexibility
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Arlington, Virginia USA - November 12, 2010
Technomics, Inc. was awarded the 2010 Alfred P. Sloan Award for Business Excellence in Workplace Flexibility.
This prestigious award recognizes employers and worksites of all sizes and types across the country that are using flexibility as a strategy to increase workplace effectiveness and enhance business and employee success.
The Alfred P. Sloan Awards for Business Excellence in Workplace Flexibility are part of the national When Work Works project, an ongoing initiative of Families and Work Institute in partnership with the U.S. Chamber of Commerce’s Institute for a Competitive Workforce and the Twiga Foundation, with funding from the Alfred P. Sloan Foundation.
The selection process for the Alfred P. Sloan award is rigorous. First, employers’ flexibility programs and practices are measured against national norms from Families and Work Institute’s National Study of Employers. Employees are then surveyed confidentially on their access to flexible work options, the supportiveness of the culture and on nationally tested measures of workplace effectiveness.
Rick Collins, Technomics’ CEO, said, “The receipt of this national award is extremely gratifying because it is an indication that Technomics is making positive strides in achieving one of our strategic goals – to create the ideal workplace. I am honored that our workplace policies, which do in fact demonstrate our commitment to creating a positive work-life balance, place Technomics in the top echelon of companies nationally and particularly pleased that our staff of employee-owners felt the company deserved this award. I would personally like to thank Lisa Tep, Director HR, for initiating and accomplishing our application for this award, but more importantly for continuing to push the company to implement programs and policies that contribute to creating the ideal workplace for our employee-owners. I would also like to take this opportunity to thank other members of my leadership team, Mike Gallo and Jim York, for their efforts leading to the establishment of Technomics’ Employee Stock Ownership Plan (ESOP) in January 2010. While not directly related to flexibility in the workplace, I am extremely proud of the fact that we are providing all employees the opportunity to build additional retirement savings via shares of Technomics stock. In closing, I believe this award is a testament to the fact that we are moving in the right direction and incentive for us to set our sights even higher.”
“As a recipient of the 2010 Sloan Award, Technomics, Inc., ranks in the top 20% of employers nationally in terms of its programs, policies and culture for creating an effective and flexible workplace,” states Ellen Galinsky, president of Families and Work Institute (FWI). “In addition, what makes this honor so special is that employees have corroborated this, affirming that it is indeed an effective and flexible workplace.”
FWI’s nationally representative studies of employees and employers have found that flexibility is a key ingredient in creating effective workplaces that can yield important work-related outcomes. In fact, employees in effective and flexible workplaces report having greater engagement on the job, greater job satisfaction, greater desire to stay with the organization, better overall health, and lower stress levels.
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Contact Information:
Cathy Ferguson
cferguson@technomics.net
Technomics, Inc.
201 12th Street South, Suite 612
Arlington, Virginia 22202
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