Win Follows Selection to Business North Carolina’s 2020 List of Best Employers
Just three months after being named a Best Employer by Business North Carolina, Essentia has landed a spot on the Inc. 5000 list of fastest-growing privately held U.S. companies.
The timing is immensely validating for Lindon Hayes, CEO of Essentia, a Charlotte-based integrated service operation and solution provider for U.S. telecom Carriers.
“It’s a symbiotic relationship at Essentia. Our people drive our success — and these business results reinforce the workplace culture we’re building together,” Hayes said. “Earning these distinctions, one right after another, demonstrates that we’re aligned and proceeding down the path toward building something truly special here.”
The idea of a high-performance culture — one that’s quantifiable and inextricably tied to a company’s success — is not a new one. Take the research of the Great Place to Work Institute, the global authority on workplace culture and data scientists behind the Best Workplaces lists. The Institute conducted a study with HIP Investor in which they looked back 15 years at the stock returns of publicly-traded companies on their Great Place to Work list vs. the returns of companies included in the S&P 500, but not their list.
According to the Institute:
The companies on our list outperformed those not on the list on the S&P by a factor of three, which is huge. It means if you invested $100,000 eleven years ago in an S&P 500, you’d have $200,000 today; if you’d invested in Great Place to Work companies, you’d have $400,000 today.
Essentia has amassed more than $300 million in projects to date in 42 states en route to the Inc. 5000 accolade. Those numbers and other contributed to their debut on the Inc. 5000. According to Inc., “The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.”
Meanwhile, the 55 employers selected by Business North Carolina were determined by polling employees and employers on topics ranging from recruitment to recognition. Essentia, a selection in the Small/Medium category, was highlighted for the following features and benefits: Paid Days Off, Tuition Assistance, Telecommuting, and 401(K) / Pension.
“Whether you’re talking about hitting your KPIs or building an environment in which team members want to positively impact everyone, everywhere — the conversations both begin the same way,” Hayes said. “That’s hiring A-Players, the team members who naturally elevate each other’s game and who customers get excited to work with. We’ve been extremely fortunate in that regard.”
Essentia was also recently selected as a Telecom Tech Outlook Top 10 Small Cell Consulting / Services Company for the second year in a row5
Headquartered in Charlotte, N.C., Essentia is setting the pace for telecom — innovating beyond legacy processes with next-level tools and technology. From Fiber to Small Cell, they’re an integrated service operation connecting Carriers to 5G faster, smarter, and more efficiently with turnkey capabilities. To learn more about how Essentia is leading the industry toward a smarter way to wireless, visit https://essentia-inc.com/.
Inc. 5000 Methodology
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million.