In this article, we will discuss the 20 Most Desirable Companies To Work For In USA. You can skip our industry overview and go directly to the 5 Most Desirable Companies To Work For In USA.
The year 2021 saw an unprecedented rise in quitting of jobs, now known as the Great Resignation, with over 47 million Americans saying goodbye to their jobs, primarily driven by retirement and a reconsideration of work-life balance. According to the Harvard Business Review, this phenomenon was more prevalent among women and younger age groups experiencing burnout. Many employees changed jobs, either within the same or different sectors, while others expressed reluctance to return to the office due to Covid-related concerns.
The Great Resignation is not yet over, as US Job Openings and Labor Turnover Survey data issued in February reported that around 50.5 million people quit their jobs in 2022. Therefore, it becomes more important than ever that we reassess the qualities that constitute a desirable workplace.
According to Glassdoor’s list of Best Places to Work in 2023 in the USA, the industries that have high retention rates and rank high in employee satisfaction are technology, finance, and consulting. The technology sector accounted for 40% of the organizations on the list of top employers, with six out of the top 10 highest-ranked employers being tech companies, emphasizing the industry’s dominance in creating appealing workplaces.
Photo by Campaign Creators on Unsplash
To further study what employees’ expectations are in this day and age from their hiring companies, Bain conducted a survey of over 500 technology employees across 230 tech companies around the world. The survey revealed that approximately 66% of employees prefer a blend of remote and in-person work, and 46% would contemplate leaving an employer that did not provide flexible work arrangements. The research also found that companies that explicitly state their commitment to promoting diversity and fostering inclusivity are approximately twice as successful in attracting and retaining top tech talent. Moreover, over 80% of the respondents said that the ability to use cutting-edge technology is also a significant factor in their decision to stay at a workplace.
Glassdoor takes into account themes such as flexibility, transparency, and communication, as well as reflecting employees’ perspectives on their companies’ economic outlooks to come up with its list of top companies to work for. Interestingly, Meta Platforms, Inc. (NASDAQ:META) and Apple Inc. (NASDAQ:AAPL) did not make it to the company’s recent list as both companies faced operational challenges in 2022 and continued to lay off workers. Similarly, Fortune 500’s list of top 100 companies to work for uses its proprietary data, which includes more than 870,000 surveys of employees.
Our Methodology
To come up with 20 Most Desirable Companies To Work For In USA, we went through lists of best companies to work for compiled by Fortune 500, Forbes, and Glassdoor. We picked the companies featured in these reports, and then based on their rankings out of the total companies these reports covered, we assigned them a score for each report. For example, if a company ranked 10th out of 100 companies in one report, we calculated its score by dividing its ranking by the total number of companies covered in that report. Finally, we calculated the average of the companies’ scores based on these reports and ranked them in our list in ascending order of high average scores.
Most Desirable Companies To Work For In USA
20. MathWorks
Average Score: 0.020
MathWorks is an American computer software company that produces mathematical computing software and specializes in image processing and data analysis. MathWorks, Inc. provides health and life insurance, family medical leave, a remote work program, tuition reimbursement, and paid time off benefits. The company also offers several training and development programs for career growth, including in-house and public seminars, industry conferences, and subscriptions to professional periodicals and organizations.
19. Alphabet Inc. (NASDAQ:GOOG)
Average Score: 0.026
Alphabet Inc. (NASDAQ:GOOG) is a multinational technology conglomerate based in America. Most of the company’s revenue is generated through Google, a wholly-owned subsidiary of Alphabet Inc. (NASDAQ:GOOG). The employee benefits comprise health and life insurance, educational reimbursements, student loan repayment, paid vacations, and a hybrid work model. Alphabet Inc. (NASDAQ:GOOG) provides support programs and access to mental health applications to help employees deal with burnout. Based on the reviews on greatplacetowork.com, 97% of survey respondents claimed that Alphabet Inc. (NASDAQ:GOOG) is a great place to work.
18. In-N-Out Burger
Average Score: 0.030
In-N-Out Burger is a regional chain of fast-food restaurants based in the United States. The company offers several benefits to its full-time and part-time workers based on their employment type. These benefits include medical, dental, and vision care benefits, an associate assistance program, free meals, discounts on the company’s stores, and vacation & sick leave benefits.
17. Microsoft Corporation (NASDAQ:MSFT)
Average Score: 0.044
Based in the United States, Microsoft Corporation (NASDAQ:MSFT) is a multinational technology company that provides cloud storage, applications, and advanced security solutions. The company provides health and life insurance, performance bonus, paid holidays, an employee stock purchase plan, and student loan repayment. Moreover, the company offers tuition reimbursement to workers who are enrolled in courses linked to the company’s operations.
16. Medical Solutions
Average Score: 0.053
Medical Solutions is a healthcare staffing agency that connects healthcare professionals, including travel nurses, with hospitals and healthcare facilities across the United States. The company offers several benefits to its employees, including personalized pay packages, paid private housing, medical insurance, and friendly housing services for travel nurses. Medical Solutions LLC promotes diversity, inclusivity, and positive work culture. The company has a dedicated employee experience team, an employee assistance program, and several other programs that focus on equity, diversity, inclusion, and well-being. Medical Solutions also provides medical and dental care, remote work options, flexible work schedule, and paid time off to promote work-life balance.
15. Berkshire Hathaway Inc. (NYSE:BRK-B)
Average Score: 0.056
Berkshire Hathaway Inc. (NYSE:BRK-B) is a multinational conglomerate holding corporation based in the United States. The company engages in several businesses, including insurance and freight transportation, through its several subsidiaries. The employee benefits at Berkshire Hathaway Inc. (NYSE:BRK-B) include health insurance, paid vacations, paternity and maternity leave benefits, legal assistance, tuition reimbursement, and a work-from-home option.
14. Fidelity Investments
Average Score: 0.060
Headquartered in Massachusetts, United States, Fidelity Investments is a financial services company that offers advisory, financial planning, brokerage, and wealth management services. The company’s featured employee benefits comprise parental and maternal leave, flexible wellness programs, student loan assistance, and concierge services. Other employee benefits at Fidelity Investments include health and life insurance, an onsite clinic, a remote work option, a commuter benefit program, an employee assistance program, tuition reimbursement etc.
13. ServiceNow, Inc. (NYSE:NOW)
Average Score: 0.064
ServiceNow, Inc. (NYSE:NOW) is a software company based in the United States. The company offers a cloud computing platform to help corporations manage enterprise operations and digital workflows. ServiceNow, Inc. (NYSE:NOW) supports and promotes a positive work environment for its employees and has a zero-tolerance policy for workplace discrimination. The company provides unconscious bias training, has employee resource groups, and a mean gender pay gap lower than 10%. Moreover, ServiceNow, Inc. (NYSE:NOW) offers health and life insurance, paid time off, an employee stock purchase plan, and several professional development benefits for career growth.
12. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)
Average Score: 0.090
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is an American software company that offers cybersecurity services and products. The company encourages work-life balance, a supportive workplace environment, diversity, and inclusion among its staff members. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides free webinars on various topics, including mental health, financial wellness, diversity, equity, and inclusion. The employee benefits at CrowdStrike Holdings, Inc. (NASDAQ:CRWD) include health and life insurance, up to 12 weeks of parental leave, an employee stock purchase program, a flexible working schedule, and various professional development benefits available to all employees.
11. Garmin Ltd. (NYSE:GRMN)
Average Score: 0.100
Headquartered in Kansas, United States, Garmin Ltd. (NYSE:GRMN) is a technology company that provides communication, navigation, and information services. Garmin Ltd. (NYSE:GRMN) features various employee benefits such as health care, international travel insurance, educational reimbursements, an employee stock purchase plan, and discount on company products. The company also provides job training for professional development and career growth.
10. NVIDIA Corporation (NASDAQ:NVDA)
Average Score: 0.126
Headquartered in California, United States, NVIDIA Corporation (NASDAQ:NVDA) is a multinational technology corporation. The company develops and sells 3D graphics processors and other related software. An average salary of an employee at NVIDIA Corporation (NASDAQ:NVDA) stands at $145,000 per annum, along with a $16,000 annual bonus. NVIDIA Corporation (NASDAQ:NVDA) prioritizes the well-being of its employees and provides various support programs related to mental health, substance abuse, relationship issues, etc. According to 1,320 anonymous employee reviews on Glassdoor, the NVIDIA Corporation (NASDAQ:NVDA) is rated 4.6 out of 5 stars.
Here is what ClearBridge Investments had to say about NVIDIA Corporation (NASDAQ:NVDA) in its Q4 2022 investor letter:
Promoting diversification and managing risk continue to guide our transaction activity, with a focus on the earnings trajectory of existing and potential holdings leading to our most recent moves. We are directing our research efforts to identifying names that are closer to the bottom than the top in terms of earnings and valuations, adding to our positions in ASML, the leading supplier of high-end production equipment to chip makers, and NVIDIA Corporation (NASDAQ:NVDA), whose valuation has washed out due to weakness in gaming and crypto mining as well as slowing enterprise spending.
9. HubSpot, Inc. (NYSE:HUBS)
Average Score: 0.140
HubSpot, Inc. (NYSE:HUBS) is an American software company that offers a cloud-based platform for customer relationship management (CRM). The company’s employee benefits comprise healthcare, tuition reimbursement, parental leave benefits for new parents, paid sabbaticals, and remote work options. The company also offers leadership development programs to train their managers as well as employee resource groups to create an inclusive and diverse workspace.
8. Adobe Inc. (NASDAQ:ADBE)
Average Score: 0.156
Headquartered in California, United States, Adobe Inc. (NASDAQ:ADBE) is a software company that offers digital marketing, advertising, document management, and content creation software to marketers and creative professionals. Adobe Inc. (NASDAQ:ADBE) boasts a highly diverse management team and a mean gender pay gap of less than 10%. The company also provides several professional development opportunities, including job training, conferences, and a mentorship program. Further, Adobe Inc. (NASDAQ:ADBE) provides health and life insurance, child and parental leave benefits, tuition reimbursements, and paid sabbaticals.
7. Cisco Systems, Inc. (NASDAQ:CSCO)
Average Score: 0.171
Cisco Systems, Inc. (NASDAQ:CSCO) is an American-based multinational conglomerate that provides digital communication technology. The company offers software development, cloud computing, enterprise network security, data collaboration, and other related services. Cisco Systems, Inc. (NASDAQ:CSCO) prioritizes a positive working environment for its employees. According to greatplacetowork.com, 96% of a survey’s respondents believe that people care about each other at this company. The employee benefits and perks include health and life insurance, onsite medical facilities at all locations, and onsite subsidized gym facilities. The company also provides career advancement opportunities by offering training programs and learning platform memberships, which cover all major platforms, including Udemy, Inc. (NASDAQ:UDMY), Lynda.com, etc.
6. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Average Score: 0.182
Advanced Micro Devices, Inc. (NASDAQ:AMD) is an American multinational semiconductor corporation. The company provides several products, such as microprocessors, chipsets, graphics, and multimedia products, as well as testing, assembling, and packaging services. Advanced Micro Devices, Inc. (NASDAQ:AMD) provides health and life insurance, remote work option, tuition reimbursement, and family medical leave. To reward employees’ performance, the corporation also provides an annual bonus and RSU AWARDS. Moreover, Advanced Micro Devices, Inc. (NASDAQ:AMD) offers an employee stock purchase program, paid vacations, and learning development programs to provide employees with opportunities for advancing in their careers.
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Disclosure: None. 20 Most Desirable Companies To Work For In USA is originally published on Insider Monkey.