
People Come First: The Case of SAS
Who
are your best customers? Which customers are bringing you the most
profits and which are the least profitable? Companies are increasingly
relying on complicated data mining software to answer these and other
questions. More than 92% of the top 100 companies on the Fortune Global
500 list are using software developed by SAS Institute Inc., the world's
largest privately held software company, for their business
intelligence and analytical needs. The Cary, North Carolina, company is
doing extremely well by any measure. They have over 10,000 employees
worldwide, operate in over 100 countries, and reported $2.31 billion in
revenue in 2009 (their 33rd consecutive year of growth and
profitability). The company is quick to attribute their success to the
performance and loyalty of their workforce. This is directly correlated
with how they treat their employees.
SAS
has perfected the art of employee management. It has been ranked on
Fortune magazine's best places to work list every year since the list
was first published. Employees seem to genuinely enjoy working at SAS
and are unusually attached to the company, resulting in a turnover rate
that is less than 4% in an industry where 20% is the norm. In fact, when
Google designed their own legendary campus in California, they visited
the SAS campus to get ideas.
One thing SAS does well is giving its employees opportunities to work on interesting and challenging projects. The software developers have the opportunity to develop cutting-edge software to be used around the world. The company makes an effort to concentrate its business in the areas of analytics, which add the most value and help organizations best analyze disparate data for decision making, creating opportunities for SAS workers to be challenged. Plus, the company removes obstacles for employees. Equipment, policies, rules, and meetings that could impede productivity are eliminated.
The
company has a reputation as a pioneer when it comes to the perks it
offers employees, but these perks are not given with a mentality of
"offer everything but the kitchen sink". There is careful thinking and
planning behind the choice of perks the company offers. SAS conducts
regular employee satisfaction surveys, and any future benefits and perks
offered are planned in response to the results. The company wants to
eliminate stressors and anything that dissatisfies from people's lives.
To keep employees healthy and fit, there are athletic fields; a full
gym; a swimming pool; and tennis, basketball, and racquetball courts on
campus. Plus, the company offers free on-site health care for employees,
covers dependents at their fully staffed primary medical care center,
and offers unlimited sick leave. The company understands that employees
have a life and encourages employees to work reasonable hours and then
go home to their families. In fact, a famous motto in the company is,
"If you are working for more than 8 hours, you are just adding bugs".
SAS is truly one of the industry leaders in leveraging its treatment of
people for continued business success.
Discussion Questions
-
SAS is involved in cutting-edge technology. Does this give it a
distinct advantage in employee retention and satisfaction over, for
example, Sloan (a company that focuses on the manufacturing of toilet
components)?
- Do you feel
that investing heavily in employee perks ultimately pays off for a
company? Would you feel the same way during hard economic times, when
the pool of highly qualified workers grows and the number of available
jobs shrinks dramatically?
- How much of an advantage does SAS have, given that the company produces
analytic software to help businesses improve their functionality?
- What do you think you'd like about working at SAS? What would you not potentially like?