Online retailer Overstock.com said today it has been ranked #1 for employee satisfaction in a Glassdoor.com survey commissioned by Forbes.

The company received high ratings for its fun, relaxed work culture. CEO and Chairman Patrick M. Byrne earned a 92% employee approval rating, the highest of any retailer on this list.

"This ranking is a very nice recognition for our company culture," said Overstock.com President Jonathan Johnson.

"We focus on making Overstock.com a place that our employees look forward to coming to each day. Our motto is ‘We save people money,’ and we have a lot of fun doing it. It is great working at a place where people put aside office politics and just get the job done. This award is a reflection of how Patrick cultivates the Overstock.com culture from the top down."

Glassdoor.com compiled a list of the "Best Retailers to Work For" for Forbes. The survey ranked employers based on criteria such as "career opportunities," "communication," "compensation & benefits" and "employee morale." Collected from current and employee feedback since June 2008, the study ranked brands that had at least 20 reviews or more over the last 30 months.