TIME announces JYSK as one of the World’s Best Companies 2024

The world-known magazine has JYSK on its list of the world’s best companies.

On 12 September 2024, the American news magazine TIME has announced that JYSK is listed as one of the World’s Best Companies.

1,000 companies are awarded with a score from 1-100 based on three dimensions: employee satisfaction, revenue growth and sustainability. The companies with the highest score were awarded as the World’s Best Companies 2024 by TIME and JYSK scored 79.65.

“We are extremely proud to receive this recognition from TIME. The recognition proves once again that we are growing our company in a socially responsible way with focus on our employees’ job satisfaction, empowerment and a feeling of belonging. It is very important to us that you can be yourself in JYSK while building a successful career with us and the TIME recognition shows us that we are doing it right,” says Executive Vice President HR, Jan Verhoek.

Highly motivated JYSK employees

Previously on two occasions, JYSK has also been named one of World’s Best Employers by American business magazine Forbes where 170,000 employees in more than 50 countries are asked to rate their multinational employers. On the basis of the survey, a list is formed of the 700 best employers in the world.

Internal surveys in JYSK agree with both TIME and Forbes. JYSK’s own Employee Satisfaction Survey from January 2024 show that JYSK employees are more motivated, satisfied and loyal to their workplace than the market average. 97 per cent of employees from stores, offices and distribution centres participated in the survey and they rated JYSK 75 out of 100 in job satisfaction, 82 of 100 in loyalty to the company and 83 out of 100 in regard to JYSK values: Tradesmanship, Colleague and Corporate Spirit.

About the TIME recognition

The project scope considered all companies that generated at least 100 million dollars in revenue in 2023 or the latest available financial year.

• Employee satisfaction was investigated based on worldwide survey data from more than 170,000 participants from global companies in over 50 countries.
• After determining the companies with an above average satisfaction level, the data from Statista’s internal revenue databases containing the last three years was considered and the revenue growth for each company was evaluated.
• Finally, companies which performed above average for employee satisfaction and revenue growth were assessed on numerous KPIs in the area of environmental protection, social responsibility and corporate governance (ESG).

The scores of all 3 dimensions were added with an equal percentage basis to form the final ranking score of max. 100 points. The companies with the highest score were awarded as the World’s Best Companies 2024 by TIME.