Flex Achieves Recognition Among World's Best Companies Two Years Running

Flex's Prestigious Recognition on TIME's World's Best Companies List

Flex, a key player in the manufacturing sector, has made a significant impact by being named on TIME's 2024 World's Best Companies list. This accolade marks the second consecutive year that Flex (NASDAQ: FLEX) has earned this distinguished recognition, a true testament to its unwavering commitment to excellence in various dimensions crucial for corporate success.

A Reflection of Commitment and Values

Revathi Advaithi, the Chief Executive Officer of Flex, expressed gratitude for this amazing recognition, declaring, "We are honored to join this year's list of TIME's World's Best Companies." This honor is not merely a mark of achievement but a reflection of the company's dedication to nurturing a work environment that is safe, inclusive, and respectful. Flex also prioritizes sustainable manufacturing practices, which play a crucial role in addressing global challenges while delivering lasting value to all stakeholders involved.

The Ranking Process

The selection process for TIME's World's Best Companies was rigorous and comprehensive, spearheaded in collaboration with Statista, a renowned provider of market and consumer data. Companies were evaluated against three essential criteria: Employee Satisfaction, Revenue Growth, and Sustainability Transparency. This multifaceted approach ensures that only the top-performing companies that truly excel in these areas are recognized.

Understanding Employee Satisfaction

Employee satisfaction was a pivotal factor in the evaluation process. Surveys were conducted in more than 50 countries, gathering insights from around 170,000 participants. Factors considered included employer image, workplace atmosphere, overall working conditions, salary standards, and equality measures as perceived by verified employees. The feedback from direct and indirect recommendations significantly influenced the analysis.

Metrics for Revenue Growth Evaluation

Revenue growth played a fundamental role in the selection criteria. Flex, alongside other nominees, was required to meet specific benchmarks, including a minimum revenue of $100 million during the last available fiscal year. Additionally, demonstrating a positive growth trajectory from 2021 to 2023 was essential for consideration.

Sustainability Transparency as a Metric

Sustainability transparency is increasingly vital in today's business landscape. The assessment focused on Environmental, Social, and Governance (ESG) data, systematically comparing standardized Key Performance Indicators (KPIs) provided by Statista's ESG Database. This level of analysis demonstrates a company's commitment to accountability and ethical practices, which are fundamental in earning consumer and stakeholder trust.

About Flex and Its Core Values

Flex, established as a leading manufacturing partner, emphasizes innovation and sustainability at the forefront of its operations. The company collaborates with a diverse customer base to design and build products that contribute positively to the world. With a global workforce spanning 30 countries, Flex provides a rich arsenal of technological advancements, supply chain expertise, and comprehensive manufacturing solutions catering to various industries and markets.

Connecting with Flex

Flex prides itself on transparent communication and strong connections with its investors and media entities. Investors can reach out to David A. Rubin, the Vice President of Investor Relations, for insights related to the company’s financial standing and growth trajectory. Additionally, Jessica Anderson, the Director of Corporate Integrated Marketing and Communications, is available for media inquiries.

Frequently Asked Questions

What is the significance of being on TIME's World's Best Companies list?

The list recognizes companies that excel in employee satisfaction, revenue growth, and sustainability, showcasing them as leaders in their respective industries.

How does Flex ensure employee satisfaction?

Flex conducts employee surveys to gather feedback on workplace conditions, atmosphere, and equality, which helps them continuously improve their working environment.

What criteria did Flex meet to be recognized?

Flex demonstrated significant revenue growth, employee satisfaction, and transparency in sustainability practices, meeting the rigorous standards set by TIME and Statista.

How does Flex contribute to sustainability?

Flex implements responsible manufacturing practices and actively engages in ESG initiatives to minimize its environmental impact while delivering value to stakeholders.

What industries does Flex serve?

Flex caters to a wide range of industries by providing technology innovations, supply chain management, and manufacturing solutions across global markets.

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