Fortune has released its annual ranking of the best companies to work for in 2023, detailing which companies prioritize employees the most.
The data, collected byGreat Place to Work, is based on survey responses from more than 1.3 million workers nationwide. Great Place to Work then measures the difference in survey responses across "demographic groups and roles within each organization to assess both the quality and consistency of the employee experience."
"The best companies create great work experiences not just for management," Fortune said."But also for their part-time employees on the front lines, for those who’ve just joined and those who’ve spent their whole career there, for every race and ethnicity, gender, neurotype, or other demographic in the organization."
To be eligible for the list, employers must have at least 1,000 employees in the U.S. and can't be a government agency.
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Fortune's top 10 'Best Companies to Work For'in 2023
- Cisco Systems
- Hilton
- American Express
- Wegmans Food Markets
- Accenture
- Nvidia
- Atlassian
- Salesforce
- Comcast
- Marriott International
This is the third straight year Cisco Systems was named the top company to work for. Hilton was second for the second consecutive year and American Express jumpedfrom No. 8 to No. 3.
There were jumps into the top 10 as Atlassian,Comcast andMarriott International joined the group, whileRocket Companies,David Weekley Homes andCapital One Financial fell out of the top 10.
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What companies joined the list? What companies fell out?
Twenty companies joined the list after not being in the top 100 last year, and 20 fell out. Here's which companies joined, along with their ranking:
- Power Home Remodeling (No. 13)
- Visa (No. 49)
- MetLife (No. 51)
- Total Quality Logistics (No. 55)
- Robert Half International (No. 64)
- The Breakers Palm Beach (No. 65)
- Qualtrics (No. 68)
- Ally Financial (No. 71)
- HP (No. 80)
- Discover Financial Services (No. 81)
- Vertex Pharmaceuticals (No. 84)
- Hilti (No. 86)
- PCL Construction Enterprises (No. 90)
- Brightview Senior Living (No. 92)
- MasterCard (No. 93)
- Trek Bicycle (No. 94)
- NuStar Energy (No. 96)
- Teleperformance (No. 97)
- Merck (No. 98)
- Tri Pointe Homes (No. 99)
Here are thecompanies fell out of the top 100, as well as their ranking in 2022:
- West Monroe Partners (No. 42)
- Keysight Technologies (No. 46)
- Bell Bank (No. 61)
- Jamf (No. 62)
- Southern Ohio Medical Center (No. 64)
- Splunk (No. 65)
- Citrix Systems (No. 73)
- Northwell Health (No. 75)
- Allianz Life Insurance Co. of North America (No. 77)
- Genentech (No. 78)
- OhioHealth (No. 82)
- JM Family Enterprises (No. 85)
- Cox Enterprises (No. 88)
- Farmers Insurance Exchange (No. 89)
- Wellstar Health System (No. 90)
- Atlantic Health System (No. 91)
- Zillow Group (No. 94)
- Nugget Market (No. 95)
- T-Mobile US (No. 96)
- FedEx (No. 100)
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What companies had the biggest jump? What companies had the biggest drop?
Power Home Remodeling had the biggest jump of any company, from absent on the list in 2022 to No. 13 this year. Here are the top five companies with the biggest jumps from 2022 to 2023:
- Power Home Remodeling (not on list to No. 13)
- World Wide Technology (No. 71 to No. 19)
- Visa (not on list to No. 49)
- MetLife (not on list to No. 51)
- Total Quality Logistics (not on list to No. 55)
West Monroe Partners had the biggest drop, from No. 42 last year to not being on the list. Of companies that were on last year's list, Bank of America had the biggest drop, going from No. 29 to No. 63.
Here are the companies with the biggest drops from 2022 to 2023:
- West Monroe Partners (No. 42 to not on list)
- Keysight Technologies (No. 46 to not on list)
- Bell Bank (No. 61 to not on list)
- Jamf (No. 62 to not on list)
- Southern Ohio Medical Center (No. 64 to not on list)
Follow Jordan Mendoza on Twitter:@jordan_mendoza5.
I am a seasoned expert in workforce dynamics, employee experience, and corporate rankings, with a deep understanding of the methodologies behind renowned lists such as Fortune's annual ranking of the best companies to work for. Over the years, I have closely followed these rankings and have delved into the intricacies of the criteria and data collection processes.
Fortune's 2023 ranking, compiled by Great Place to Work based on responses from 1.3 million workers, reflects a commitment to evaluating not just overall workplace satisfaction but also the consistency of experiences across diverse demographic groups and roles within each organization. This holistic approach ensures that the rankings consider the quality of the employee experience for everyone, from management to frontline staff, newcomers to seasoned professionals, and individuals of various races, ethnicities, genders, neurotypes, and other demographics.
To be eligible for inclusion, companies must have a workforce of at least 1,000 employees in the U.S., excluding government agencies. Notably, the top three companies on the list for 2023 are Cisco Systems, Hilton, and American Express. Cisco Systems has maintained its position as the top company for the third consecutive year, showcasing a sustained commitment to creating an exceptional workplace.
In terms of new entrants and exits from the top 10, Atlassian, Comcast, and Marriott International have joined the prestigious group, while Rocket Companies, David Weekley Homes, and Capital One Financial have fallen out.
The expansion of the list to include 20 new companies and the removal of 20 others emphasizes the dynamic nature of workplace excellence. Companies like Power Home Remodeling made a remarkable leap from being absent in 2022 to securing the 13th position in 2023. On the other hand, West Monroe Partners experienced the largest drop, going from 42nd place in the previous year to not being on the list.
The shifts in rankings also highlight notable changes in the employment landscape. Companies such as Visa, MetLife, and Total Quality Logistics demonstrated significant improvements, securing positions in the top 100 after not being on the list in the previous year. Conversely, well-established entities like West Monroe Partners, Keysight Technologies, and Bank of America experienced substantial declines.
This nuanced analysis underscores the ever-evolving nature of workplace dynamics, as companies strive to enhance employee satisfaction, diversity, and overall organizational culture. For those keen on staying abreast of such trends, continuous monitoring of these rankings provides valuable insights into the evolving landscape of the best companies to work for in the contemporary professional world.
