The nation’s largest used-car retailer in 2018 added a Technology and Product Innovation Garage to its list of employee-first practices. A total of 450 employees formed 13 teams and were given 30 hours over two days to work together, mostly with teammates they’ve never worked with before. The results included an A.I. chatbot and a college recruiting app (which is now being implemented). “Innovation is always top of mind,” says one worker. “Employees are encouraged to not only think outside the box but also help provide solutions for future issues.”
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Company Info
| Rank last year | 33 |
| Years on list | 16 |
| HQ location | Richmond, Va. |
| Employees | 26,041 |
| Job openings (as of February 2020) | 1,500 |
| Industry | Retail |
| Revenue, 2019 or most recent year ($M) | $19,146 |
| Year founded | 1993 |
| Type of organization | Public |
| Number of work sites | 215 |
| Website | https://www.carmax.com |
Employees and job openings are U.S.-only.
Perks
| 100% health coverage | no |
| Unlimited sick days | no |
| Telecommuting | yes |
| Job sharing | yes |
| Subsidized childcare | yes |
| Compressed work weeks | yes |
| Fully-paid sabbaticals | no |
| On-site fitness/subsidized gym | yes |
| On-site medical care facility | no |
| Non-discrimination policy includes sexual orientation | yes |
| Health insurance for part-timers | no |
| Sick days for part-timers | no |
| College tuition reimbursement | yes |
| Student loan debt repayment | no |
| Medical facility at all locations | no |
Diversity
| % Women | 25% |
| % Minorities | 49.4% |
| % African-American/Black | 19.9% |
| % Asian | 4.6% |
| % Caucasian/White | 49.5% |
| % Hispanic/Latino | 19.4% |
| % Native American/Alaska Native | 0.4% |
| % Native Hawaiian/Pacific Islander | 0.3% |
| % Two or more races | 4.9% |
| % Unknown ethnicity | 1% |
| Date info provided | Aug. 26, 2019 |
Paid Time Off
| PTO limit (days) | 32 |
| # Sick days | 6 |
Compensation
| Most common job (for salaried employee) | Sales Manager |
| Avg. base pay (salaried) | - |
| Avg. extra compensation (salaried) | - |
| Total pay for most common job (salaried) | - |
Hiring/Staffing (Past 12 Months)
| Full-time and part-time job growth | 4% |
| # of job applicants | 283,033 |
| Avg. # of applicants per opening | 25 |
| # New graduates hired | 140 |