Torch Named One of the 2020 Best Workplaces for Parents by Great Place to Work®
For the first time, Great Place to Work® has honored Torch Technologies (Torch) as one of the 2020 Best Workplaces for Parents. The top companies earned this award because they have created consistently positive experiences for working parents. This award is particularly significant in light of the extremely difficult and novel challenges facing parents this year.
Great Place to Work determined the Best Workplaces for ParentsTM by gathering and analyzing confidential employee experience feedback representing 4.8 million U.S. employees across more than 20 industries - the largest annual study of working parents to date.
"It is an honor to be recognized as one of the Best Workplaces for Parents," said John Watson, Torch President and CEO. "It makes us especially proud to receive this recognition during a time when companies, and parents, have been challenged in this new telework environment."
Employees reported their workplace experience using the industry-leading Trust Index© survey. The survey is proven to quantify over 75 metrics of company culture, including levels of trust, pride, management effectiveness, innovation, diversity and equity. All Trust Index© survey results were representative of their entire workforce and accurate to a 95% confidence level with a 5% margin of error or better.
Great Place to Work then selected the Best Workplaces for Parents from this dataset using their For AllTM Methodology. Eighty-five percent of the evaluation was based on parents' scores of trust and fairness. The remaining fifteen percent was based on how parenting status influenced other aspects of employees' work experience as well as their experience of the company's leadership effectiveness, meaningful values, and innovation.
Great Place to Work's analysis also focused on how parents' workplace experiences compare to those of their non-parent colleagues and determining whether their job level, race/ethnicity or any other personal characteristic changed the level of support they received as a working parent. Finally, they reviewed each company's parental leave, adoption, flexible schedule, childcare and dependent health care benefits.
"At Torch, we like to think of ourselves as a families-owned company," said John Watson, Torch President and CEO. "Consequently, we strive to develop a family-friendly work environment, which for us means prioritizing work-life balance, flexible scheduling, providing excellent family healthcare benefits, offering retirement security and encouraging fun through our several Torch family events throughout the year."
Full details of the study and findings can be found in the report authored by Great Place to Work in Partnership with Maven Clinic.
"Best workplaces like Torch Technologies have built dynamic, flexible, and transparent workplaces built on trust," said Michael C. Bush, CEO of Great Place to Work. "This gives companies on this list a powerful opportunity not just to do well for their people, but also to do well for their businesses."
rents stand out for their commitment to a strong work-life balance and they prioritize time spent with family. Torch encourages family bonding through employee morale events held at various locations throughout the year, with events varying from family movie matinees, pumpkin picking, trampoline nights, ice skating, and an annual holiday party for Torch children and grandchildren.
The Best Workplaces for Parents list is one of a series of rankings by Great Place to Work and based on employee feedback from Great Place to Work-Certified™ organizations. Torch was also ranked as a Best Workplace in Consulting & Professionals Services in 2016-2020, a Best Workplace for Millennials in 2018 and 2020 by Great Place to Work and FORTUNE, as well as a Best Small and Medium Workplace by Great Place to Work and FORTUNE in 2016-2018.