100 Best Companies to Work For

The 100 Best Companies to Work For is an annual list published by Fortune magazine that ranks U.S. companies based on employee happiness and perks.[1] Like the Fortune 500, the list includes both public and private companies.[2] The list was first published in 1998. Cisco Systems received No. 1 placement in the most recent 2021 ranking, followed by Salesforce, Hilton Worldwide and Wegmans Food Markets.

The logo of Fortune's 100 Best Companies to Work For list.

Methodology edit

To compile the list, Fortune partners with the Great Place to Work Institute to survey a random group of employees from each company. A company's score is based on the "Trust Index Employee Survey" and the "Culture Audit."[2]

According to the magazine, the Trust Index "asks questions related to employees' attitudes about management's credibility, overall job satisfaction, and camaraderie." The Culture Audit includes "detailed questions about pay and benefit programs and a series of open-ended questions about hiring practices, methods of internal communication, training, recognition programs, and diversity efforts."[2]

The methodology has been criticized as being too superficial in focusing primarily on perks, leadership, and financial success as opposed to actual workplace culture and sense of purpose.[3]

Results edit

Alphabet has ranked first eight times and appeared every year from 2006 until 2018 (the company also disappeared from Glassdoor's similar list).[4][5] Additionally, Wegmans, SAS Institute, W. L. Gore, REI, Goldman Sachs, TDIndustries,[6] Publix, Four Seasons, Whole Foods, The Container Store, Cisco, Marriott, Genentech[7] and Nordstrom have all have been on the list at least 17 times.[5]

In 2011, finance professor Alex Edmans published a paper in the Journal of Financial Economics showing that the 100 Best Companies to Work For outperformed their peers in total shareholder returns by 2.1–3.5% from 1984–2009.[8]

Previous years edit

See also edit

References edit

  1. ^ Levering, Robert (March 3, 2016). "This Year's Best Employers Have Focused on Fairness". Fortune. Retrieved April 2, 2016.
  2. ^ a b c "Methodology of the 100 Best Companies to Work For". Fortune. Time Inc. March 3, 2016. Retrieved April 2, 2016.
  3. ^ Hatta, Robert (2018-02-20). "The Problem with Fortune's 100 Best Companies to Work For List". LinkedIn. Archived from the original on 2022-01-13. Retrieved 2022-01-12.
  4. ^ Wagner, Kurt (2019-12-11). "Facebook, Google Drop Out of Glassdoor's Top 10 'Best Places to Work' List". Yahoo Finance. Archived from the original on 2019-12-11. Retrieved 2022-01-12.
  5. ^ a b "100 Best Companies to Work For 2018". Fortune. Archived from the original on 2018-03-05. Retrieved 2018-02-16.
  6. ^ "Top 10 Web Developers Companies and services in USA". IT Rating USA. Retrieved 2022-06-30.
  7. ^ "Genentech". Fortune. Archived from the original on 2019-02-27. Retrieved 2018-08-07.
  8. ^ Edmans, Alex (2011). Does the stock market fully value intangibles? Employee satisfaction and equity prices. Journal of Financial Economics 101, 621–640.

External links edit