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Smucker tops 'Best Companies' list
Fortune magazine names jam and jelly maker new No.1 company to work for in 2004.
December 29, 2003: 2:58 PM EST

NEW YORK (CNN/Money) - Jam and jelly maker J.M. Smucker & Co. made the top spot in Fortune magazine's 2004 ranking of "Best Companies to Work For," an annual list released Monday.

It's the first time a manufacturer has made No. 1 on the top 100 list. Last year, Smucker (SJM: up $0.40 to $45.28, Research, Estimates) ranked No. 8.

Run by two brothers, the Orrville, Ohio-based company is a "throwback to a simpler time," according to Fortune. Employees said the company treats them like family, with a corporate culture based on objectives including: "Listen with your full attention, look for the good in others, have a sense of humor, and say thank you for a job well done."

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Legal services firm Alston & Bird took the second spot, inching up from No. 3 last year. Among the benefits its employees said they appreciated were maternity leave of up to three months at full salary for mothers -- and fathers if they're primary caregivers. Alston & Bird also provides an on-site child-care center that costs an average of $500 a month.

Rounding out the top 5 "Best Compaies" were, in order, home decor retailer Container Store, financial services firm Edward Jones, and commercial bank Republic Bancorp (RBNC: up $0.11 to $13.77, Research, Estimates).

Republic managed to climb to No. 5 from last year's No. 17 spot, after awarding 300 employees trips to Aruba, Cancun, or the Dominican Republic last year. Edward Jones, falling to No. 4 from last year's top spot, added 1,500 employees in the past year and hasn't had a single layoff in 34 years, according to the report.

To arrive at its list of best companies to work for, Fortune randomly selected 46,526 employees from 304 candidate companies to fill out a survey created by the Great Place to Work Institute. Each candidate company also filled out a questionnaire detailing its people policies, practices, and philosophies. The employee portion accounted for two-thirds of the total score, according to Fortune's report.

Software maker Adobe (ADBE: down $0.07 to $39.66, Research, Estimates), engineering and construction company TDIndustries, software maker SAS Institute, family-owned supermarket Wegmans Food Markets, and chipmaker Xilinx (XLNX: up $0.38 to $38.74, Research, Estimates) made the bottom half of the top 10 companies, in that order.

Go to Fortune.com to read more about the winners.  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.