Buckman Earns Recognition as High Performing Company in 2011
Feb. 6, 2012 - Buckman announced that it has been notified of its selection as a Hay Group Insight’s (HGI) High Performing Company for 2011. To be recognized as high performing, companies must score in the top two-thirds of engagement and enablement within HGI’s normative database, as well as exceed industry averages on the majority of financial indicators. Membership in this prestigious group is updated annually based on initial examination and subsequent re-measurements.
In its executive report to Buckman, HGI indicated that Buckman’s results are on average 5 percent above the high performing benchmarks in the HGI databases. Specifically, the report indicated that Buckman is an ethical and socially responsible company, Buckman has a clear sense of direction and strong leadership, Buckman treats its associates with respect and offers learning and development opportunities, quality and customer focus are clearly priorities at Buckman, and that Buckman fosters a culture that supports teamwork and collaboration. As a result, according to the report, employee engagement levels are strong and most employees intend to stay for the long-run.
“At Buckman, we are always looking for opportunities to measure our performance against our peer group and against the best companies in the world,” said Chip Westbrook, Vice President of Global Human Resources at Buckman. “We participated in the Hay Group process because of the things that they measure, the benchmarking they provide and the insight they can give us on key elements of our associate engagement and overall sustainability.”
Buckman is one of the few private companies participating in the HGI report. Among those companies against which Buckman was benchmarked in the 2011 survey are such well known corporations as Amazon.com, Deutsche Bank, Equifax, Kimberly-Clark, Nestle, Toyota, VISA and Walt Disney.
Among the specific measurement areas in the report are scores in 15 different dimensions, with sub-categories within each dimension. The dimensions are clear and promising direction, quality and customer focus, confidence in leaders, associate engagement, authority and empowerment, principles of highly effective teamwork, respect and recognition, collaboration, associate enablement, performance management, work/structure/process, development opportunities, training, resources and pay/benefits.
Buckman is a privately held, global specialty chemical company with headquarters in Memphis, Tennessee, USA.