SAS: A Company that Treats Employees Like Royalty
SAS offers a company culture that provides numerous perks and amenities to its employees, although they are optional. Jim Goodnight values his employees and considers them a worthwhile investment.
00:00:00 SAS, the largest privately held software business, treats its workers like royalty. From free perks like M&Ms to a state-of-the-art fitness center, employees are happy and loyal.
👑 SAS is a company that treats its workers like royalty, providing them with a collection of perks and benefits.
💪 SAS has a state-of-the-art fitness center where employees can exercise and stay healthy.
🏀 SAS offers free recreational activities like basketball to keep its workforce happy.
00:01:55 SAS, a business software company, provides extraordinary perks and a laid-back work environment to keep turnover low. Their analytical software is used by major corporations and they have never had a losing year.
⭐️ SAS CEO Jim Goodnight prioritizes treating employees well and offering extraordinary perks.
💼 SAS's business software helps companies work more efficiently by analyzing raw data.
💰 SAS has never had a losing year and maintains a low turnover rate by providing competitive wages and exceptional benefits.
00:03:50 A successful privately-held company led by Jim Goodnight, who believes in prioritizing employee happiness, rather than catering to shareholders. Goodnight's resistance to going public is due to the lack of trust in public companies.
🏢 Jim Goodnight's simple approach of prioritizing employee happiness has made him successful in running a privately held company.
💼 The pressure from Wall Street to deliver rising quarterly earnings has negatively impacted public companies and the corporate world.
💰 The examples of fraud and conspiracy in companies like WorldCom and Enron highlight the consequences of prioritizing shareholder value above all else.
00:05:46 A company called SAS offers employees various perks such as affordable daycare, a unique cafeteria, and free medical care.
⭐️ SAS offers unique perks to employees, including affordable daycare and an exceptional company cafeteria.
👨⚕️ Employees receive comprehensive medical support, including free access to medical staff and coverage for specialist visits.
💼 These perks are not only altruistic but also financially beneficial for SAS as a for-profit business.
00:07:40 SAS's unconventional approach to employee care and retention leads to only 3% turnover, saving millions in recruiting costs. A model that other companies could benefit from.
💰 SAS saves time and money by providing quick medical care, reducing staff time by 1.5 hours per visit.
⏳ SAS's culture and employee engagement results in a low turnover rate of 3% compared to the industry average of 20%.
🌍 SAS's success is attributed to their unconventional approach, leading to double-digit growth and exceptional returns.
00:09:33 SAS provides a supportive work environment by offering services to relieve employees of life's problems and promoting creativity through art. They also have a discounted country club membership for employees.
🏢 SAS provides work-life support to its employees, including assistance with college admissions and finding nursing homes.
🎨 Creativity is highly valued at SAS, with over 3000 works of art displayed and two full-time artists in residence.
🏌️♂️ SAS employees have access to a country club owned by Jim Goodnight at a discounted rate.
00:11:27 A concise summary of the YouTube video 'SAS The Royal Treatment' in English: SAS offers a company culture that provides numerous perks and amenities to its employees, although they are optional. Jim Goodnight values his employees and considers them a worthwhile investment.
🏰 SAS offers a wide range of perks and amenities to its employees, including a company doctor, school, daycare, and various other benefits.
💼 Employees have the option to use these perks or simply focus on their job and collect a paycheck.
💰 Jim Goodnight, the CEO of SAS, sees his employees as the best investment and continues to add more perks, even in tough economic times.
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