Credit Acceptance Again Named One of the Best Workplaces for Millennials by Fortune
19 Julho 2023 - 5:02PM
Credit Acceptance Corporation (Nasdaq: CACC)
(referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or
“us”) has been named one of the Best Workplaces for Millennials® by
Fortune. Credit Acceptance was ranked 25th among the 100 large
companies that made the list, up 37 spots from last year, marking
the seventh time the Company has been recognized.
“This recognition is a testament to millennials’
integral role in Credit Acceptance’s success, especially
considering that they make up 57% of our team members,” said Ken
Booth, Chief Executive Officer. “We strive to create a work
environment where people feel empowered and valued and where
millennials and team members of all generations are fulfilled.”
Credit Acceptance effectively incorporates the
values and priorities of millennials into its operations. For
example, the Company’s average scores for all Trust Index®
statements, based on answers of millennial-aged team members,
regarding fairness related to age, race, gender, and sexual
orientation are 98%, three percentage points above the 2023 Top 10
average. Specific values include:
- Pay equity: 83% agree that “people here are
paid fairly for the work they do,” which is five percentage points
above the 2023 Top 10 Best score.
- Career development: 89% agree that “management
makes its expectations clear,” which is two percentage points
higher than the average 2023 Top 10 Best score.
- Fair working hours: 93% agree that “people are
encouraged to balance their work life and their professional life,”
which is five percentage points above the 2023 Top 10 Best
score.
- Flexible schedules: 94% agree with “I am able
to take time off from work when I think it’s necessary,” which is
one percentage point above the 2023 Top 10 Best score.
“With the largest share of the workforce today,
the workplace experience of millennials says a lot about your
organization,” says Michael C. Bush, CEO of Great Place To Work.
“These workers are looking for authentic leadership, meaningful
work, and a healthy work environment — and they show loyalty to
those who can deliver.”
Credit Acceptance is routinely recognized as one
of the best places to work by team members. This is the second
award the Company has received this year from Great Place to Work®
and Fortune: Credit Acceptance was ranked 34th in the 100 Best
Companies to Work For®, its ninth recognition in the category.
Additionally, Credit Acceptance has been named a Top Workplaces USA
Award winner and one of People Magazine’s Companies that Care,
among many other distinctions.
To determine the Fortune Best Workplaces for
Millennials™ List, Great Place To Work collected nearly 500,000
responses from millennials at companies eligible for the list. To
be considered, companies had to be Great Place To Work Certified™
and have at least 50 millennial employees in the U.S.
About Credit Acceptance
Since 1972, Credit Acceptance has offered
financing programs that enable automobile dealers to sell vehicles
to consumers, regardless of their credit history. Our financing
programs are offered through a nationwide network of automobile
dealers who benefit from sales of vehicles to consumers who
otherwise could not obtain financing; from repeat and referral
sales generated by these same customers; and from sales to
customers responding to advertisements for our financing programs,
but who actually end up qualifying for traditional financing.
Without our financing programs, consumers are
often unable to purchase vehicles or they purchase unreliable ones.
Further, as we report to the three national credit reporting
agencies, an important ancillary benefit of our programs is that we
provide consumers with an opportunity to improve their lives by
improving their credit score and move on to more traditional
sources of financing. Credit Acceptance is publicly traded on the
Nasdaq Stock Market under the symbol CACC. For more information,
visit creditacceptance.com.
About the Fortune Best Workplaces for Millennials
List
Great Place To Work selected the Fortune Best
Workplaces for Millennials List by surveying companies employing
7.5 million people in the U.S. with 1.3 million confidential survey
responses received. Of those, nearly 500,000 responses were
received from millennials at companies eligible for the list and
these rankings are based on that feedback. Read the full
methodology.
About Great Place to Work®
As the global authority on workplace culture,
Great Place To Work brings 30 years of groundbreaking research and
data to help every place become a great place to work for all.
Their proprietary platform and For All™ Model help companies
evaluate the experience of every employee, with exemplary
workplaces becoming Great Place To Work Certified™ or receiving
recognition on a coveted Best Workplaces™ List.
About Fortune
The Fortune mission is to change the world by
making business better. We achieve that by providing trusted
information, telling great stories, and building world-class
communities. We measure performance by rigorous benchmarks. And we
hold companies accountable. Our goal is to make Fortune a force for
good through its second century and beyond. For more information,
visit www.fortune.com.
Investor Relations: Douglas W. Busk
Chief Treasury Officer
(248) 353-2700 Ext. 4432
IR@creditacceptance.com
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