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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. Hilton Worldwide received No. 1 placement in the most recent 2024 ranking, followed by Cisco, Nvidia and American Express.
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]
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]
Ernst & Young Global Limited, trading as EY, is a multinational professional services partnership. EY is one of the largest professional services networks in the world. Along with Deloitte, KPMG and PwC, it is one of the Big Four accounting firms. It primarily provides assurance, tax, information technology services, consulting, and advisory services to its clients.
SAS Institute is an American multinational developer of analytics and artificial intelligence software based in Cary, North Carolina. SAS develops and markets a suite of analytics software, which helps access, manage, analyze and report on data to aid in decision-making. The company's software is used by most of the Fortune 500.
Navy Federal Credit Union is an American global credit union headquartered in Vienna, Virginia, chartered and regulated under the authority of the National Credit Union Administration (NCUA). Navy Federal is the largest natural member credit union in the United States, both in asset size and in membership. As of July 2024, Navy Federal has US $177 billion in assets and has 13.8 million members.
Inc. is an American business magazine founded in 1979 and based in New York City. The magazine publishes six issues per year, along with surrounding online and social media content. The magazine also produces several live and virtual events yearly.
Arthur D. Levinson is an American businessman who is the chairman of Apple Inc. (2011–present) and chief executive officer (CEO) of Calico. He is the former CEO (1995–2009) and chairman (1999–2014) of Genentech.
The Conference Board, Inc. is a 501(c)(3) non-profit business membership and research organization. It counts over 1,000 public and private corporations and other organizations as members, encompassing 60 countries.
Employee engagement is a fundamental concept in the effort to understand and describe, both qualitatively and quantitatively, the nature of the relationship between an organization and its employees. An "engaged employee" is defined as one who is fully absorbed by and enthusiastic about their work and so takes positive action to further the organization's reputation and interests. An engaged employee has a positive attitude towards the organization and its values. In contrast, a disengaged employee may range from someone doing the bare minimum at work, up to an employee who is actively damaging the company's work output and reputation.
MacLaren (Mac) Thompson Cummings is an American entrepreneur and co-founder of Terakeet, a search engine optimization firm.
Vi Senior Living is a high-end retirement community developer, owner, and management group based out of Chicago, Illinois, United States. Vi maintains 10 continuing care retirement communities (CCRCs) in six states, including Arizona, California, Colorado, Florida, Illinois, and South Carolina. Founded in 1987 by Penny Pritzker, the privately held company houses over 4,000 residents and employs 2,700 workers as of May 2016.
HubSpot, Inc. is an American developer and marketer of software products for inbound marketing, sales, and customer service. HubSpot was founded by Brian Halligan and Dharmesh Shah in 2006.
Paylocity Holding Corporation is an American provider of cloud-based payroll and human capital management (HCM) software solutions.
Bain & Company is an American management consulting company headquartered in Boston, Massachusetts. The firm provides advice to public, private, and non-profit organizations. One of the Big Three management consultancies, Bain & Company was founded in 1973 by former Group Vice President of Boston Consulting Group Bill Bain and his colleagues, including Patrick F. Graham. In the late 1970s and early 1980s, the firm grew rapidly. Bill Bain later spun off the alternative investment business into Bain Capital in 1984 and appointed Mitt Romney as its first CEO. Bain experienced several setbacks and financial troubles from 1987 to the early 1990s. Romney and Orit Gadiesh are credited with returning the firm to profitability and growth in their sequential roles as the firm's CEO and chairman respectively.
Francis Aurelio deSouza is an American entrepreneur and business executive. He is co-founder of SynthLabs, and a member of the Board of Directors of Deel Inc.
Glassdoor is an American website where current and former employees anonymously review companies, operated by the company of the same name.
Paycom Software, Inc., known simply as Paycom, is an American online payroll and human resource software provider based in Oklahoma City, Oklahoma with offices throughout the United States. It is attributed with being one of the first fully online payroll providers. It has been recognized by Fortune and Forbes as one of the fastest-growing publicly traded companies in the world, and as one of the World's Most Innovative Enterprise Companies by Fast Company in 2022. Founded in 1998, it reported annual revenue of $1.375 billion for 2022, up from $1.06 billion for 2021.
ThousandEyes, Inc. is a network intelligence company headquartered in San Francisco with offices in Dublin, London, Mexico City, Kraków, Lisbon, Sydney and Austin, Texas. The company produces software that analyzes the performance of local and wide area networks, servers and applications. On May 29, 2020, Cisco announced it would be acquiring ThousandEyes.
Ryan LLC is a tax services and software provider based in Dallas, Texas. Ryan LLC has 18,000 clients in over 60 countries. The company has over 113 locations around the globe, including locations in Canada, the Netherlands, the United Kingdom, India, the Philippines, and Australia.
Kraken is a United States–based cryptocurrency exchange, founded in 2011. It was one of the first bitcoin exchanges to be listed on Bloomberg Terminal and was valued at US$3 billion in January 2024. The company has been the subject of several regulatory investigations since 2018, and has agreed to cumulative fines of over $30 million. It was the first cryptocurrency company to obtain a bank charter.
Aron Ain is an American software technology executive and author. He became the CEO of UKG in 2020, a role he held until being named UKG Executive Chair, effective July 1, 2022. UKG was created from the merger of Ultimate Software and Kronos Incorporated, and provides global HCM and workforce management solutions. Previously, Ain had been the chief executive officer of Kronos Incorporated since 2005.
Alex Edmans is a British academic and economist who is professor of finance at London Business School and Mercers' School Memorial Emeritus Professor of Business at Gresham College. He serves on the World Economic Forum Global Future Council on the Future of Responsible Investing and as a non-executive director of the Investor Forum. He is a Fellow of the British Academy, the Academy of Social Sciences and the Financial Management Association, Director of the American Finance Association, and Vice President of the Western Finance Association.