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How Trek Catapulted onto the Fortune 100 Best Companies To Work For List

Trek Bicycle uses Great Place To Work's Trust Index™ Survey to turn employee feedback into insights, fostering a culture of trust. This approach tripled the company's size, increased profitability, and earned it a spot on the 100 Best Companies list.

How Trek Catapulted onto the Fortune 100 Best Companies To Work For List

Meet Trek Bicycle

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Based in Waterloo, Wisconsin, Trek designs, manufactures, and distributes premium bicycles, cycling apparel, parts, and accessories to retailers worldwide.

Trek’s leadership, spearheaded by CEO John Burke, emphasizes a people-centric approach and is committed to fostering a positive workplace culture. Since taking over from his father in 1997, Burke has championed initiatives that promote environmental sustainability, corporate responsibility, and community engagement.

Trek’s philosophy revolves around continuous improvement and innovation. This drive for excellence is reflected in their workplace culture, where employee feedback is highly valued, and every team member is encouraged to contribute ideas and solutions.

Key outcomes

+24% improvement in manager communication

Trek achieved a 24% increase in positive responses regarding manager communication, significantly enhancing transparency and trust within teams.

93% employee survey response rate

Trek saw exceptional employee engagement with a 93% response rate in the 2023 survey, reflecting strong engagement and trust in leadership.

Tripled company size and boosted profitability

Trek’s partnership with Great Place To Work led to significant business growth, tripling the company’s size and increasing profitability over a decade.

Earned a spot on the Fortune 100 Best Companies to Work For

By adopting the Great Place To Work Model, Trek secured a prestigious position on the Fortune 100 Best Companies to Work For list, highlighting their cultural transformation.

“Without Great Place To Work, we would not be where we are at. Every key manager at Trek has a Great Place To Work objective as part of their OKRs. It forces managers to have conversations with their team on how we can make Trek a great place to work.”

John Burke, Trek CEO

Challenge:
Bringing Trek’s mission to life 

Trek Bicycle faced the challenge of revitalizing its company culture to truly reflect its mission of changing the world through bicycles. With a dispersed global workforce of approximately 6,500 employees in 27 countries, Trek needed a comprehensive and reliable method to measure employee satisfaction and gather actionable insights.  

Initially skeptical, CEO John Burke and VP of HR & IT Mark Joslyn agreed to partner with Great Place To Work after learning about the strong correlation between Great Place To Work scores and profitability. 

Solution:
Scaling company culture with the Trust Index 

Trek began its partnership with Great Place To Work in 2013 and achieved Certification in 2015. They utilized the Great Place To Work Trust Index™ Survey to gather consistent and comparable feedback from their global units. This approach provided the detailed insights needed to deeply understand and improve their culture. The Great Place To Work Model, proven to enhance culture and business performance, allowed Trek to measure itself against the best companies. 

Outcome:
Employee investment in culture beyond HR initiatives 

By breaking down employee survey data to a granular level, Trek fostered a sense of ownership among its leaders. This encouraged managers to take accountability for their teams’ satisfaction and performance. The data guided year-over-year improvements, enabling Trek to benchmark against similar divisions and share best practices. This collaborative effort, dubbed the Montgomery Principle, led to increased engagement and improved Trust Index Survey scores. 

Key outcomes included a 24% increase in positive responses to the statement, “My manager keeps me informed about important issues and changes.” Employees became more invested in improving company culture, participating actively in feedback sessions and contributing to solutions. 

Certification and the Trust Index:
Trek’s compass for success 

Great Place To Work Certification was pivotal in Trek’s cultural transformation. Using unique data from Great Place To Work, Trek benchmarked its culture against the Fortune 100 Best Companies to Work For. This comparison helped Trek adopt best practices and build trust over time. Employees’ willingness to provide feedback and participate in solutions strengthened their commitment to the company’s success. 

Achieving a 93% response rate in the 2023 employee survey, Trek demonstrated strong employee engagement. This high level of participation and the application of best practices resulted in significant business growth. Trek is now three times bigger than it was a decade ago, with even greater profitability. For the first time, Trek earned a spot on the prestigious Fortune 100 Best Companies to Work For list. 

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