Business
Credit Acceptance Again Named One of the Best Workplaces for Millennials by Fortune
Southfield, Michigan, July 19, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”,
About this update from Credit Acceptance Corporation
[{"type":"text","content":"Southfield, Michigan, July 19, 2023 (GLOBE NEWSWIRE) -- 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 ...