NewAge(R) Industries Featured in New Report on Innovative Employers That Generate Jobs and Profits; Focuses on Companies That Help Employees Grow
Summary
Having started six decades ago as a flexible plastic tubing distributor, today NewAge Industries is a manufacturer and provider of products that include innovative patented items sold to a diverse, worldwide customer base.Other profiled companies with highly effective doing well, doing good policies include: - NatureBake of Oregon, where sales increased 1000% over seven years - GR Spring & Stamping, Michigan, with a sales increase of 300% over the past decade and 29% annual growth since 2009 despite the automotive sector crises; employee turnover is 40% below industry average - Good Samaritan Hospital, New York, where training programs generated wage gains of 22‑100% for new nurses trained from among existing staff; the hospital’s nursing vacancies were cut in half, saving $3 million annually “The future of the American economy will be shaped by business innovations that challenge conventional wisdom,” said Barbara Dyer, The Hitachi Foundation’s President and CEO.The company’s approach to selecting, training, and using pay, incentives and an Employee Stock Ownership Plan (ESOP) has clearly paid off.Having started six decades ago as a flexible plastic tubing distributor, today NewAge Industries is a manufacturer and provider of products that include innovative patented items sold to a diverse, worldwide customer base.Other profiled companies with highly effective doing well, doing good policies include:- NatureBake of Oregon, where sales increased 1000% over seven years- GR Spring & Stamping, Michigan, with a sales increase of 300% over the past decade and 29% annual growth since 2009 despite the automotive sector crises; employee turnover is 40% below industry average- Good Samaritan Hospital, New York, where training programs generated wage gains of 22‑100% for new nurses trained from among existing staff; the hospital’s nursing vacancies were cut in half, saving $3 million annually“The future of the American economy will be shaped by business innovations that challenge conventional wisdom,” said Barbara Dyer, The Hitachi Foundation’s President and CEO.Automated product identification systems, including gamma-stable RFID tags and labels, are offered by NewAge’s Verigenics(R) division.About The Hitachi FoundationThe Hitachi Foundation is an independent, philanthropic organization that seeks to discover and expand business practices that create tangible, enduring economic benefits and enhance long-term business value.NewAge(R), NewAge Industries AdvantaPure(R) and Verigenics(R) are registered trademarks of NewAge(R) Industries, Inc.