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The Covid pandemic has had a profound impact on the economy, resulting in the loss of 8.4 million jobs in 2021 and the highest unemployment rate since the Great Depression. Despite this, a select few companies have managed to thrive in their respective sectors by prioritizing the employee experience and company culture over pay.
Loyal Energy is one such company that has been recognized as one of the top places to work in 2023, owing to its unique and inclusive company culture characterized by radical transparency and an impressive compensation plan. In contrast to other companies in the home improvement sector, Loyal sets itself apart by helping families save money through its in-house financing division, Loyal Finance, thereby strengthening its position in the market.
What makes Loyal truly unique is its commitment to a transparent workplace culture founded on values such as integrity, diligence, and personal growth. The company empowers its employees to maximize their earning potential by rewarding individual effort and performance, enabling most employees to earn more than the national average. This approach empowers employees to maximize their earning potential and removes any artificial caps on their earnings. As a result, the company’s top performers earned over $1.4 million last year, while the average employee took home over $10k per month.
However, Loyal’s focus on employee well-being and success extends beyond financial incentives. Through its sales program, the company helps its employees prepare for the future by teaching personal development, building mental fortitude, and creating financial freedom. By prioritizing employee happiness and offering exciting incentives such as company cruises and trips, Loyal has created a work culture that fosters success and satisfaction, attracting some of the industry’s top talent.
At Loyal Energy, it’s so much more than just money and sales for us. Through our sales program, we support our employees in preparing for the future by teaching personal development, building mental fortitude and creating financial freedom. We teach them how to manage their money, make smart investments, and unleash their full potential. We believe that our employees are destined for greatness and we strive to show them that they are more than a 9-5,” says Conner Halford, Loyal Energy’s President of Sales.
Overall, Loyal Energy has managed to create an environment where employees can thrive, be the best versions of themselves, and make memories with their families, making it a top place to work in 2023.
The company has achieved remarkable success in a short period of time. Within the past three years, its sales organization has assisted more than 4,000 households and generated over $160 million in revenue. “This year, our team expects to generate more than $100 million alone,” says Chief Operating Officer, Ridge Payne.
As a Utah-based startup, Loyal Energy aims to make home improvement easier and more affordable for everyone. With its innovative approach to home improvement and its commitment to providing customers with the best finance and fulfillment services, Loyal Energy is certainly poised to transform the home improvement space.