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Sallie Mae among the 300 best employers according to US News

Although two Delaware-headquartered companies were named in U.S. News & World Report’s Best Places to Work list, only one made the overall list of the 300 best companies released earlier this month.

Sallie Mae, based in Stanton, was named among the Top 300 and also received the Best Financial Services Provider and Best Company in the South awards.

In the financial services business, Sallie Mae describes itself as “the nationwide savings, planning and student finance company.” Founded in 1972, the company employs around 1,740 people in the United States. Its headquarters are in Stanton, with additional offices near New Castle and in Sterling (Virginia), Newton (Massachusetts), Indianapolis and Salt Lake City.

Employees at the Stanton headquarters, Sallie Mae’s largest office, work in credit, collections, risk management, customer experience, product marketing, corporate marketing and human resources, according to the company’s website.

The New Castle area office houses the company’s operations teams, including service, school assistance, collections, insurance and fraud prevention teams, the office of the client advocate and client communications.

See when the company opened its second office: New Sallie Mae office creates new jobs in Delaware

Here’s how Sallie Mae performed in the six categories that U.S. News & World Report used to compile the rankings (1 is the lowest and 5 is the highest):

  • Sense of belonging, 5
  • Quality of payment, 4
  • Stability, 4
  • Comfort, 4
  • Professional development, 4
  • Work-life balance, 3

Chemours receives approval from US News & World Report

Although not listed in the top 300, another Delaware-headquartered company was named to U.S. News & World Report’s list of “Best Companies to Work For.”

In the list by industry and region, Chemours, headquartered in Wilmington, was named “Best in Chemicals.”

Meanwhile, Evolent Health, which is registered in Delaware but headquartered in Arlington, Virginia, was named “Best in Health Services” and “Best Companies in the South.”

More business news: Plans for a Wawa in Newark revived. Where else will Wawa be in Delaware?

How did US News & World Report select the best companies?

In compiling the rankings, U.S. News & World Report looked at companies whose shares were publicly traded in the Russell 3000 index of largest companies as of June 2023. The companies also had to have at least 75 Glassdoor reviews from the U.S. between 2020 and 2023. The companies were divided into different categories based on a combination of benchmark industry classification standards and U.S. News’ editorial judgment.

According to US News & World Report, the following six criteria have been identified as the best employer:

  • Quality of pay and benefits, “whether employees feel they are fairly compensated for their work, as well as data on living wages and how a company compensates compared to its competitors.”
  • Work-life balance and flexibility, based on flexible working policies and “employees’ perceptions of opportunities for work-life balance and flexibility”.
  • Job and company stability based on data on “the quality of corporate governance and the turnover rate among top management in a company…”.
  • Physical and psychological comfort, “defined as a safe working environment.”
  • Sense of belonging and appreciation, “whether employees feel connected to the organization and valued for their contributions.”
  • Career opportunities and professional development, taking into account “factors such as the rate of mobility within a company and the possibility of additional benefits such as study grants, as well as the growth opportunities perceived by employees.”

Reporter Ben Mace covers business, development and real estate news. Reach him at [email protected].

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