Spotlight on Best Big Companies to Work For
With consumer dollars being a driving force behind the economy, the job market in the United States remains a hot topic on both Wall Street and Main Street. Every year researchers compile lists of the top companies in a number of categories, including most ethical, top earners and best companies to work for, based on a variety of criteria. Recently CNN published a list of the Best Big Companies to Work For, with all the named companies appearing on both the prestigious Fortune 500 list and the Fortune Magazine Best Companies to Work For list, consisting of 100 small, large, and mid-sized companies, and compiled for Fortune magazine by the Great Place to Work Institute. The selection process is based on a Trust Index survey which looks at issues such as the credibility of management, job satisfaction and team spirit from an employee’s perspective, as well as a Culture Audit completed by company management regarding pay and benefits, hiring practices, training, incentives and recognition programs, internal communication effectiveness and other pertinent information.
Appearing as number 72 of 100 on the Best Companies list and ranked as number 38 on Fortune 500 Microsoft is listed at the top of the Best Big Companies list. The computer giant employs 53,410 people in the United States. Goldman Sachs Group is next with its ranking of 54 on Fortune 500 and 23 on Best Companies, employing a total of 13,154 workers in the United States. Intel comes in third on Best Big Companies, ranking 56 on Fortune 500 and 51 on Best Companies, with a total of 42,694 employees.
Cisco Systems, which recently reported better-than-expected results, comes in at fourth spot. Its Fortune 500 rank is 62 and Best Companies rank is 20, with 36,612 employees. American Express, which employs 26,329 people, ranked 91 on Fortune 500 and 49 on Best Companies. Google came in at fifth, with a Fortune 500 ranking of 92 and at number 4 on Best Companies. It is interesting to note that the tech and bankin sectors dominated the top five Best Big Companies to Work For.
Other companies that were named on CNN’s list are: Publix Super Markets; Aflac; United Services Automobile Association; General Mills; Marriott International; Qualcomm; Starbucks; Devon Energy; Nordstrom; Chesapeake Energy; Whole Foods Market; CarMax; Stryker; W.W.Granger; Darden Restaurants; EOG Resources; Mattel; CH2M Hill; Booz Allen Hamilton; J.M.Smucker; and NuStar Energy.
Great Place to Work uses the information gathered in employee surveys and assessments of company culture to identify what makes a company a great place to work. With job satisfaction fuelling productivity, and public image and transparency becoming increasingly important, the results of these surveys can be used as a benchmark by other companies that want to join the ranks of Best Companies to Work For.