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|Overstock.com Ranked Number One in Employee Satisfaction|
SALT LAKE CITY, Dec. 3, 2010 /PRNewswire via COMTEX/ --
Overstock.com, Inc. (Nasdaq: OSTK) today announces that it has been ranked #1 for employee satisfaction in a Glassdoor.com survey commissioned by Forbes. The company earned high marks for its fun, relaxed work culture. CEO and Chairman Patrick M. Byrne earned a 92% employee approval rating, the highest of any retailer on this list.
"This ranking is a very nice recognition for our company culture," said Overstock.com President Jonathan Johnson. "We focus on making Overstock.com a place that our employees look forward to coming to each day. Our motto is 'We save people money,' and we have a lot of fun doing it. It is great working at a place where people put aside office politics and just get the job done. This award is a reflection of how Patrick cultivates the Overstock.com culture from the top down."
Glassdoor.com compiled a list of the "Best Retailers to Work For" for Forbes. The survey ranked employers based on criteria such as "career opportunities," "communication," "compensation & benefits" and "employee morale." Collected from current and employee feedback since June 2008, the study ranked brands that had at least 20 reviews or more over the last 30 months.
Overstock.com currently employs over 1500 people. Its corporate office, two warehouses and two call centers are all located in the greater Salt Lake City area. The retailer recently earned another top ten ranking in a customer service survey conducted by the National Retail Federation and American Express. Overstock has earned the number two spot in this same survey for the past two years.
Overstock.com, Inc. is an online retailer offering brand-name merchandise at discount prices. The company offers its customers an opportunity to shop for bargains conveniently, while offering its suppliers an alternative inventory distribution channel. Overstock.com, headquartered in Salt Lake City, is a publicly traded company listed on the NASDAQ Global Market System and can be found online at http://www.overstock.com. Overstock.com regularly posts information about the company and other related matters on its website under the heading "Investor Relations."
Overstock.com(R) is a registered trademark of Overstock.com, Inc. All other trademarks are the property of their respective owners.
SOURCE Overstock.com, Inc.