The Des Moines Register has named Kwik Trip one of Iowa’s Top 100 Workplaces.
This year the Des Moines Register has recognized a total of 122 companies and organizations in Iowa as Top Workplaces 2014. These companies have been recognized as Top Workplaces based solely on surveys about the workplace completed by their employees. Top Workplaces are not only better places to work, but are more likely to be successful than peer organizations, the Des Moines Register said.
Kwik Trip is a privately owned company that operates more than 400 convenience stores in the states of Wisconsin, Minnesota and Iowa. Kwik Trip operates 48 convenience stores in Iowa under the name Kwik Star. Although there are no Kwik Stars in Des Moines, the company operates seven Tobacco Outlet Plus stores in the metro area. Kwik Trip’s La Crosse-based headquarters operates its own commissary, bakery, dairy, beverage plant, and ice plant.
Kwik Trip does $4.5 billion in annual sales and shares 40% of its profits with employees and puts 6.2% into every employee’s 401(k), whether the employee matches it or not. It has a health-savings account for employees who qualify for health insurance and puts a deposit in each worker’s account. Its impressive employee benefits are said to help with employee retention. Kwik Trip’s turnover rate is about 24%, while the industry average of about 77%.