PXP Financial Ranked Among Top 100 U.K. Companies Recognised by Newsweek for Outstanding Employee Sentiment and Satisfaction
New York, NY (October 4, 2023) – PXP Financial, the experts in global acquiring, payment, fraud and data analysis services, has been named in the Newsweek Top 100 Most Loved Workplaces® (UK) list and received certification as a Most Loved Workplace®.
The 2023 Top 100 Most Loved Workplaces® rankings are the result of a collaboration between Newsweek and the Best Practice Institute (BPI), a leadership development and benchmark research company.
The results were determined after surveying more than two million employees from businesses with workforces varying in size from 50 to more than 100,000. The list recognises companies that have created a workplace where employees feel respected, inspired, and appreciated and are at the centre of the business model. PXP Financial has ranked at number 90.
PXP Financial’s CEO, Kamran Hedjri, commented: “We’re proud to be recognised as a workplace where employees enjoy a positive and nurturing environment where their achievements and progress are celebrated. Our person-centred approach to building teams has enabled us to create a highly collaborative culture where our people feel confident in their work and are encouraged to thrive.
“With a 25% higher-than-market rate for promotions, we are committed to fostering a supportive workplace where people know they will be recognised for their contributions, which results in greater job satisfaction and productivity. This positive ethos translates to best-in-class customer service, too.”
The analysis assessed companies against the Best Practice Institute’s ‘Spark Model’, a peer-validated framework with criteria including Systemic Collaboration, Positive Vision of the Future, Alignment of values, Respect and ‘Killer Achievement.’ Sentiments indicating how engaged employees are, how positive they feel about their workplace, and how committed they are to the organisation’s success were also analysed to identify the Top 100 Most Loved Workplaces. Research by the BPI has found that Most Loved Workplaces® produce three to four times better customer service, employee performance, and retention than other businesses.
Newsweek’s Global Editor in Chief, Nancy Cooper, commented: “With the rapidly changing workplace and competition for top talent, more companies are recognizing the importance of employee engagement and commitment”, said Nancy Cooper, Global Editor in Chief, Newsweek. “The workplaces that have demonstrated a commitment to their employees in 2023 are more likely to attract the best talent and deliver strong business outcomes.”
BPI and Most Loved Workplace Founder and CEO, Louis Carter, added: "Fully understanding and acting upon employee sentiment, emotion, and recommendations continues to be a challenge and top priority of executive leadership,” said Louis Carter, CEO of Best Practice Institute. “The companies on this list have committed to listening carefully to their employees to create a workplace employees love.”
For the full Newsweek list of 2023’s Most Loved Workplaces, please visit https://www.newsweek.com/rankings/uks-100-most-loved-workplaces-2023.
To identify the top 100 companies for the Newsweek ranking, companies were evaluated and scored as follows: 35 percent of the initial score was based on employee survey responses; 25 percent was derived from analysis of external public ratings from sites such as Comparably, Careerbliss, Glassdoor, Indeed and Google; and 40 percent came from direct interviews with and written responses from company officials. Newsweek then conducted additional research into every company on the list, as well as the top runners up, to determine the final list of 100 companies and their ranking. (The list includes both U.S. firms and companies with a strong U.S. presence that are based overseas.)
Newsweek is the modern global digital news organization built around the iconic, over 85-year-old American magazine. Newsweek reaches 100 million people each month with its thought-provoking news, opinion, images, graphics, and video delivered across a dozen print and digital platforms. Headquartered in New York City, Newsweek also publishes international editions in EMEA and Asia.
About Best Practice Institute
Best Practice Institute is an award-winning leadership and organization development center, benchmark research company, think tank, and solutions provider. BPI is the certifying body for Most Loved Workplace® and conducted the original research to create the model and criteria for becoming a Most Loved Workplace®. BPI’s research proves that Most Loved Workplaces® produce 3-4 times better customer service, employee performance, and retention than companies not loved by their employees.
For more information on how to apply to become a certified Most Loved Workplace in 2024, go to: http://www.mostlovedworkplace.com
Head of Research, Most Loved Workplace®
About PXP Financial
The end-to-end payment platform: PXP Financial provides a single unified payments platform to accept payments online, on mobile and at the point of sale. Powered by in-house acquiring, a variety of payment methods & financial services, PXP processes over EUR 22.7 billion annually through our unified gateway. Whatever your business needs today or tomorrow, PXP Financial’s innovative payment platform will support your business growth with all the payment services you will ever need from one source, wherever your business takes you. To find out more about PXP Financial family of companies, visit: www.pxpfinancial.com.