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Blogrige

The Official Baldrige Blog

The Verdict Is In -- Baldrige Is About Revenue and Jobs -- Part 2

By: Dawn Bailey

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Revenue and Jobs

While I believed the data were impressive in my first Blogrige post on this topic, a number of you asked me to prove it. So we have been looking for comparative data. While we were not able to find data for revenue and sites, all the talk is about jobs these days. And for jobs we were able to find data from the Bureau of Economic Analysis and Bureau of Labor Statistics.

We were able to look at the same periods of time as we had for each of our winners and look at the jobs data for service industries, manufacturing, and small business, as appropriate to match each two-time winner of the Baldrige Award.

To refresh memories, the data for two-time Baldrige winners: median growth in number of sites was 67%, median growth in revenue was 93%, and median growth in jobs was 63%. And the comparative average growth in jobs for the matched industries and time periods was 3.2%. Some additional data about the 83 Baldrige applicants in 2010. They represented  277,700 jobs, 1,500 work locations, over $38.5 billion in revenues/budgets, and more than 80 million customers served.

Thanks for asking for additional data!

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Commercial Liability Insurance Blogger on January 9, 2012 9:23 AM

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Agreed, job growth is happening, but its far too slow in many areas. But at least we're finally headed in the right direction.

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