JM Family Enterprises Ranks on FORTUNE’s “100 Best Companies to Work For” List for Ninth Consecutive Year
DEERFIELD BEACH, Fla.--Diversified automotive company JM Family Enterprises, Inc. (JM Family) has ranked No. 41 on FORTUNE magazine's 2007 list of 100 Best Companies to Work For. JM Family is the highest-ranked company headquartered in Florida and the leading automotive company on the list. This is the ninth consecutive year the family-owned business has made the list. FORTUNE selected the company’s newly created Associates Helping Associates fund as a distinctive benefit, saying, “Toyota distributor and Lexus dealer looks out for its own: It donated $25,000 to an Associates Helping Associates fund to help employees meet emergencies and matched employee contributions dollar for dollar.”
“Having made the list for the ninth consecutive year is a tribute to our talented and dedicated associates,” said President and CEO Colin Brown. “At JM Family, we believe our associates are our most important asset – they are what give us our competitive edge. The unique culture that makes this such a special place to work is embodied by our associates.”
This is the third year that FORTUNE has subdivided the list by company size: large, medium-sized, and small, with JM Family ranked No. 17 among medium-sized companies with between 2,501 to 10,000 U.S. employees.
Since JM Family’s inception in 1968 it has been steadfast in maintaining a world-class work/life environment that offers competitive salaries and outstanding benefits for associates and their families. JM Family offers an array of unique benefits and work/life advantages including on-site medical centers with full-time physicians, nurses, physical therapist, and part-time gynecologist; childcare facility; free prescriptions and flu shots; Toyota, Scion and Lexus discount purchase program; cafeterias open for breakfast, lunch, and offering take-home dinners; salon services with free haircuts and manicures; dry cleaning and shoe repair services; annual mammograms; fitness centers; massage therapists; indoor lap pool; 401(k) plan, profit sharing plan, retirement plan and medical plan retiree option; toll-free telephone line for communications before, during, and following a disaster or crisis; and much more.
How the 100 Best are Picked
To choose the 100 Best Companies to Work for, FORTUNE relies on two things: an evaluation of the policies and culture of each company and the opinions of the company’s own employees. The latter is given more weight: two-thirds of the total score comes from employee responses to a 57-question survey created by the Great Place to Work Institute (GPTWI) in San Francisco. The survey goes to a minimum of 400 randomly selected employees from each company and asks about things such as attitudes toward management, job satisfaction, and camaraderie. The remaining third of the score comes from an evaluation of each company’s demographic makeup, pay and benefits programs, and the like. Companies are scored in four areas: credibility (communication to employees), respect (opportunities and benefits), fairness (compensation, diversity), and pride/camaraderie (philanthropy, celebrations). About 1,500 companies contacted the GPTWI or were recruited to participate; of them, 446 finished the exhaustive survey process. Any company that is at least seven years old with more than 1,000 U.S. employees is eligible.
Complete rankings and accompanying stories will appear in the January 22 issue of FORTUNE, available on newsstands January 15, 2007. To review the list online, visit www.fortune.com.
About JM Family Enterprises, Inc.
JM Family Enterprises, Inc. (JM Family) (www.jmfamily.com) is a $9.4 billion diversified automotive company ranked by Forbes as the 18th-largest privately held company in the U.S. For nine consecutive years, JM Family has been ranked by FORTUNE as one of the 100 Best Companies to Work For. It is also currently ranked No. 9 on the InformationWeek 500 list of leading technology innovators, its fifth consecutive year on the list. The company’s primary subsidiaries and divisions include: Southeast Toyota Distributors, LLC, the world’s largest independent distributor of Toyota and Scion vehicles; World Omni Financial Corp., one of the largest automotive finance companies in the nation; JM&A Group, one of the largest independent insurance and extended warranty groups of companies in the U.S.; JM Service Center LLC, the company’s internal shared services center; JM Lexus, the largest volume Lexus dealership in the world; and JMsolutions, a dealer-focused technology products and services company. Headquartered in Deerfield Beach, Fla., JM Family has major operations in Jacksonville and Margate, Fla.; Commerce and Alpharetta, Ga.; Mobile, Ala.; St. Louis, Mo.; and Dallas, Texas.