| BURNSVILLE, MINN., -- August 18, 2006 – Employees – even the ones on long assignments on either coast – love coming to work for Lancet Software, which provides business intelligence to retail, healthcare and financial service industries and web design, maintenance and hosting for small-to-medium sized companies. Now Lancet’s open book culture -- complete with shared, 360-degree financial statements and job reviews, open planning meetings about company growth and an award-winning benefits package -- has been validated once more. Today The Minneapolis St. Paul Business Journal named Lancet as a “Great Place to Work” in its annual survey of employees at companies of all sizes. More than 200 companies participated in the application process and survey, the largest ever for the award.
The award marks the third time in five years that Lancet Software has been recognized as a Great Place to Work. A luncheon at The Minneapolis Hotel will honor the winners on September 21. Earlier this year, Lancet was also recognized with the Minnesota Work-Life Champions Silver Award from The Center for Ethical Business Cultures for its employee-friendly work environment.
According to Lancet president, Tom Niccum, Lancet has more than 25 employees, with over 60% of the company having tenure of seven years or more and a turnover rate of less than 5% -- even during the dotcom boom when the IT turnover rate was averaging 25%. The Principal Financial Group® named Lancet one of "The Principal 10 Best Companies in the nation for its Employee Financial Security," based on its dedication to its employees’ excellent benefits, including a package worthy of many Fortune 100 companies.
"The Great Places to Work Award proves again that Lancet’s Open Book culture fosters greater connection with its employees – and its clients – with open job reviews and shared monthly financial statements, both of which foster more trusting relationships within the organization," says Niccum. “"n such an environment employees better understand how business works at Lancet and provides a sense of shared ownership. Our innovative employee model helps recruit and retain the best talent. And our clients readily benefit, too: They know Lancet personnel will be there long after a project is completed."
About the 2006 Business Journal Great Places to Work Award
To be eligible for consideration as a Business Journal Great Place to Work, companies had to have an office in the Twin Cities 11-county metro area with 10 or more employees, or be Minnesota-based companies with at least 1,000 employees in the state. They also had to have a certain number of employees, depending on company size, complete the online survey.
The companies earned the honor based on surveys completed by employees rating their employers on such issues as work environment, embracing innovations/new ideas, people practices, personal growth and development, people in the organization and how things work day-to-day. Profiles of the Business Journal Great Places to Work winners are featured in the August 18 issue of the Business Journal. The Minneapolis/St. Paul Business Journal delivers breaking business news and useful information to more than 91,000 readers each week and provides the most comprehensive news, rankings and information about Twin Cities businesses. http://twincities.bizjournals.com.
About Lancet Software, Inc.
Lancet Software is a professional services firm focused on business intelligence strategy, execution and support for companies that want to maximize their Return on Data™. Lancet’s innovative and award-winning “open book” culture readily benefits its customers, who range from consumer goods, Internet, and health care to financial services, telecommunications, government and other industries. A model Minnesota employer, Lancet’s Open Book Culture and has earned four “Great Places to Work” awards from the Twin Cities business media, including a recent 2006 Minnesota Work-Life Champions Silver Award from The Center for Ethical Business Cultures. It also has achieved national recognition from The Principal Financial Group for its outstanding employee benefits. Past work includes BI projects for Best Buy, Premier Inc., SuperValu and others, and web-based solutions for Visalia Medical Center, Wells Fargo and others. Visit Lancet online at www.lancetsoftware.com.
For more information – or to interview the winners of the contest, or Tom Niccum -- please contact Martin Keller at 612-729-8585, or mkeller@mediasavantcom.com. |