Is your office a great place to work?

Virginia visited Frontier Economics to find out why they were voted one of the UK's best places to work.

Student Guide

Frontier Economics is a business which helps organisations to understand how the economy will affect them.

It has been putting theory into practice because it has been voted one of the best companies to work for in the 'Best Workplaces' list.

It's not a big business as it employs just sixty people - but it seems to keep them happy.

Just think...

What do you think it takes to keep people happy at work?

Put your list into order with the most important things at the top.

What they say

"Everyone is equal and listened to regardless of their status. We are all on first name terms and there is no hierarchy so you all feel you are part of the team"

"The staff share the financial rewards which means two extremely good bonuses a year."

"It's a fun place to work and social events are arranged throughout the year - such as summer parties and Christmas parties in 5 star hotels as well as parties for birthdays, marriages, new babies. The company pays for all of them."

"I am very well rewarded for the hard work I do. My salary is higher than I would expect outside Frontier Economics."

"It's a fair place to work and if you have any grievances they are looked into and dealt with."

"It's a friendly place and people know about each other's lives outside work as well as knowing what they do in the work place."

"I believe I have a satisfying, responsible, worthwhile job in a great place to work with great people and I have no intention of leaving."

Just think...

Explain why each of these statements makes Frontier Economics a great place to work.

The company is paying people above average salaries and spends lots of money on social events. What do the statements tell you about the benefits of doing this?

How does Frontier Economics' Human Resources strategy fit in with motivation theory?

How do you think that achieving a good rating in the Best Workplaces list affects the business?