Malco Tools is proud to announce that we have been named one of the Star Tribune’s Top 200 Workplaces in Minnesota for 2024. Top Workplaces recognizes the most progressive companies in Minnesota based on employee opinions measuring engagement, organizational health, and satisfaction. The analysis included responses from Minnesota public, private, and nonprofit employees. Malco previously earned the Star Tribune Top Workplaces award in 2019.
The complete list of selected companies was published in the Star Tribune Top Workplaces special section on Sunday, June 23, 2024. We are honored to receive this recognition and want to share some reasons that make Malco Tools a top workplace with a culture of excellence.
Purpose and Values
At Malco Tools, we’re more than a company. We’re a community united by a common purpose and a deep commitment to supporting Trade Pros. Our purpose is to positively impact the lives of our customers, employees, and society by providing quality tools that make work easier and safer. Our values-integrity, excellence, respect, innovation, and teamwork-aren’t just words on a page. We live and breathe them daily, striving to uphold them in everything we do.
Work/Life Balance
At Malco Tools, we understand that our employees have lives outside of work and respect their personal and family commitments. We offer flexible work schedules, holidays, paid time off, and excellent benefits. We believe a healthy work/life balance leads to happier and more productive employees.
ESOP Benefits
Malco Tools is proud to be a 100% employee-owned stock ownership plan (ESOP). As an employee-owned company, every team member is a shareholder with a stake in our collective success. This unique structure fosters a culture of ownership, accountability, and teamwork. Our employees are empowered to make decisions, share ideas, and contribute to the company’s growth and profitability. We also reward our employees with annual dividends and a retirement plan based on the value of their shares, providing a path to financial security and long-term career growth.
When mentioning ESOP, we’d be remiss if we didn’t mention our ESOP committee. This is a top-notch group of Malco employees who volunteer their time to plan and coordinate complimentary events for Malco employees and their families throughout the year. You can find us at the annual summer picnic, taking up a gardening committee, fundraising for charity, attending local sporting events, participating in community parades, and much more. These events are at the core of our strong culture, and we can’t thank our ESOP committee enough!
Innovative Ideas
Malco Tools is a leader in designing and manufacturing high-quality hand tools for the HVAC and construction industries. We constantly innovate and develop new products and solutions to meet our customers’ needs and expectations. To foster a creative and innovative space, we rely heavily on input from trade pros in the field to ensure we stay on the cutting edge of the industry. If you have a new product idea you’d like to share with us, you can submit it here.
Leadership
Having the right people in leadership positions is crucial for our company’s success, as they inspire, motivate, and guide our employees to achieve their full potential. We believe that by investing in our leaders, we are investing in our future. Our leadership team is composed of individuals who bring different strengths and ideas but share a common vision and mission for Malco Tools.
Our solid and visionary leadership team is a crucial factor in our success. They are responsible for creating and implementing our strategic goals and fostering a positive and collaborative work environment.
These are just a few reasons Malco Tools has been voted a top workplace. If you want to learn more or potentially join our team, please check our Careers page. As we expand, we look forward to adding more dynamic talent to our growing workforce.
To learn more about Malco Tools, visit www.malcotools.com.