Two local firms have been cited as having the best corporate cultures in Canada.
Surrey's Coast Capital and Delta's Mr. Lube were named as two of the winners in Waterstone Human Capital's "Canada's 10 Most Admired Corporate Cultures" program, now in it's seventh year.
Marty Parker, Chairman and CEO of Waterstone Human Capital, said companies on this year's list are all leading examples of how winning cultures impact performance.
"This award recognizes the importance of great workplaces, but more importantly, great workplaces where culture drives performance," Parker said. "Culture is the one thing that distinguishes an organization. It's the greatest asset any organization can have, because it has the single greatest impact on performance."
According to Waterstone Human Capital, the performance of the companies on the top 10 list in terms of three-year average revenue growth significantly outpaced the S&P/TSX 60 by an average of over 1,300 per cent or 13 times. Their performance in terms of a three-year compounded annual growth rate also outpaced the S&P/TSX 60 by an average of over 700 per cent or seven times.
"It is an honour to receive this award and the credit goes to our amazing employees who work hard to build and maintain our unique Coast Capital Savings culture," said Tracy Redies, Coast Capital's president and CEO, adding that the credit union is marking the honour by giving all employees an extra day off.