A new business study shows the 50 best companies to work for in the United States.
- A new study from Harvard Business School’s Managing The Future of Work project, the Burning Glass Institute, and the Schulz Family Foundation shows which companies offer the best economic and social mobility.
- “The American Opportunity Index measures how well major employers are doing in fostering economic mobility for workers and how they could do better,” says the study.
- The study followed 250 large companies with over 3 million employees to study the outcomes of how employees at all levels rose and fell within the organizations.
- The top 10 of the 50 companies named include AT&T, American Express, Cisco, PG&E, Microsoft, Fiserv, HF Sinclair, Liberty Mutual, International Paper, and Southwest Airlines.
- “The American Opportunity Index: A Corporate Scorecard of Worker Advancement is a new effort to give companies and other stakeholders a set of robust tools that measure how well major employers are doing in fostering mobility,” says the study.
- The study was released on Thursday, October 13.
Why it’s important
The study is designed to highlight the role that employers have in improving the lives of employees and helping workers advance their station and careers over time.
“As economic inequality has risen and real wages for many Americans have fallen, the welcome return to robust employment after the shock of the COVID-19 pandemic has been overshadowed by widespread job dissatisfaction. Whether it’s called the Great Resignation, the Great Attrition, or the Great Renegotiation, there’s ample evidence that, for too many people, the basic human desire to advance is not being fulfilled,” says the study.
“According to a recent McKinsey study, 41% of workers globally cited lack of opportunity for advancement as the main reason they left their jobs. It’s time for the opportunity to get ahead–and the tools needed to make that happen—to be restored for all Americans, not just a privileged few.”
As we previously reported, the “great resignation” is giving employees the opportunity to demand greater flexibility and freedom from work. Employees are beginning to discover they have nothing to lose—they have the power to make their employers more flexible.
Better companies are out there and many people are happy to seek greener pastures if employers do not meet their needs in the post-COVID world.