Whirlpool Named One of Top 20 U.S. Companies for Leaders
May 24, 2005
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Whirlpool Corporation announced that it has been named to the 2005 list of Top 20 U.S. Companies for Leaders, making this the second consecutive year the appliance maker has been acknowledged for its focus on developing leaders within the company.
Whirlpool ranked twelfth out of 373 U.S. organizations with average revenues of approximately U.S. $8.3 billion and average employee size of at least 30,000.
Sponsored by global human resources services firm Hewitt Associates and The Human Resource Planning Society (HRPS), the Top 20 Companies for Leaders were selected by an independent panel of judges. All 373 companies went through a stringent screening process, including a review of survey responses, in-depth interviews, and a financial performance analysis in relation to their industry.
"We're honored to be named to the list of Top 20 companies for leaders," said Jeff M. Fettig, Whirlpool Corporation's chairman, president and CEO. "It's our goal to continually make Whirlpool a great place for talented people to build their careers. Only by attracting, retaining and developing top talent will we succeed as a company."
Whirlpool says its leadership strategy focuses on engaging employees in two main areas -- talent management and leadership development. The company has succession plans at all levels of management and its long-term strategy ensures that its leadership strategy remains a critical focus regardless of the business cycle.
Talent management focuses on ensuring that there is a succession plan for all levels of executive leadership and middle management, and that the pipeline is filled with diverse and capable employees that can execute the company's strategy. The company says it also works to build the skills necessary to develop deeper leadership within the organization and holds senior leaders accountable for developing the employees who report to them.
"Leadership is key," said Mr. Fettig. "To successfully develop leaders within Whirlpool, we hold managers accountable for that development. Building a workforce that can create and execute the right strategies all starts with the existing leadership and its commitment."
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