The company CoStar Group has been named one of the best places to work in 2024 by Richmond Times-Dispatch.

CoStar Group has been named one of the best places to work in Richmond, according to employee surveys. As of April 18, 2024, CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics, announced that it was selected as one of the best places to work in the U.S. for 2024 in Richmond by the Richmond Times-Dispatch. This was the first year that CoStar Group was considered for the award, which was based on employee surveys conducted by a neutral third party, the employee opinion research firm Energage.

“I am very proud that our company has been named one of the best places to work in Richmond; this is a testament to our unwavering goal of building and supporting the best teams in the industry,” said Andy Florence, founder and CEO of the CoStar Group. “It confirms our efforts to create the most positive environment for our employees and their self-fulfillment. Winning this award in Richmond, where the largest number of our employees worldwide are located, helps solidify our reputation as a place where people want to work.”

Top Workplaces Award

from the Richmond Times-Dispatch recognizes companies in the Greater Richmond area that foster a positive workplace environment and provide outstanding training opportunities and benefits to their employees.

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Participants are evaluated on criteria ranging from workplace atmosphere and work-life balance to training opportunities and benefits through anonymous employee surveys. CoStar Group places the highest value on investing in its employees as its strongest advantage in the industry. Last year, the company promoted 1,021 employees to new internal positions and maintained an average monthly retention rate of 99.1%. In addition, the company is emphasizing a premium training program where employees spend an average of 54 hours of training in 2023, a 22.7% increase over the previous year.

1,774 companies, non-profit organizations, and government institutions were invited to participate in a survey about the best places to work in the USA, and 130 were surveyed, marking the largest number in the 11-year history of the award. Employees of the CoStar group left over 2,500 comments about their experiences working at the company.