The Covid-19 pandemic triggered a historic layoff trip that has forced companies to reconsider not only where to work, but how to improve the employee experience.
According to new research from LinkedIn, some companies have navigated these seismic shifts to work better than others.
On Wednesday, the networking platform released its annual list of Top Companies identifying the top 50 places in the United States for professionals to grow their careers. Amazon ranked No. 1 on the list, followed by Alphabet (Google’s parent company) and Wells Fargo.
Here are the 10 best companies to work for in 2022 according to LinkedIn:
Headquarters: Seattle, Washington
MANAGER: Andy Jassy
Headquarters: Mountain View, California
MANAGER: Sundar Pichai
3. Wells Fargo
Headquarters: San Francisco California
MANAGER: Charles W. Sharp
4. JPMorgan Chase & Co.
Headquarters: New York, New York
MANAGER: Jamie Dimon
Headquarters: Bentonville, Arkansas
MANAGER: Doug McMillon
Headquarters: Armonk, New York
MANAGER: Arvind Krishna
Headquarters: Dallas, Texas
MANAGER: John T. Stankey
8. Bank of America
Headquarters: Charlotte, North Carolina
MANAGER: Brian Moynihan
Headquarters: Cupertino, California
MANAGER: Tim Cook
Headquarters: Philadelphia, Pennsylvania
Industry: Telecommunications, Entertainment
MANAGER: Brian L. Roberts
For the report, LinkedIn reviewed millions of employee profiles and insights about companies posted on the platform between January and December 2021. Researchers focused on companies with at least 500 employees and assessed each organization based on seven factors:
- Ability to advance: the frequency and speed with which employees are promoted
- Skills development: how employees gain new skills once they are hired
- Company stability: attrition and retention of employees
- External option: how often recruiters from other companies search for and contact employees
- Company affiliation: how many employees are linked to each other on LinkedIn
- Gender diversity: gender equality in a company and its subsidiaries
- Educational background: the different levels of education among the employees
Amazon claimed this year’s No. 1 spot after making “significant investments” to improve employee well-being and support their upgrading skills, Dan Roth, editor-in-chief and vice president of LinkedIn, tells CNBC Make It.
“What we measure on this list is ‘do it here’ [company] help you grow in your career? and according to all our data, Amazon is definitely the best place for it, “he adds.
In the last 12 months, the e-commerce company has more than doubled the maximum basic salary for company employees, introduced new mental health services and announced that they would cover 100% of the tuition costs for hourly wage earners, to name a few examples.
However, it is important to note that Amazon has been subjected to a barrage of criticism for its treatment of warehouse workers during the Covid-19 pandemic and the promotion of a brutal workplace culture. Last week, Amazon workers at a warehouse in Staten Island voted to join unions, and they became the first group at a U.S.-powered technology giant to do so. Amazon did not immediately respond to a request for comment from CNBC Make Its.
Amazon CEO Andy Jassy acknowledged that the company could improve its treatment of employees during the GeekWire Summit in Seattle back in October. “I think if you have a large group of people that we have – we have 1.2 million employees – it’s almost like a small country,” he said. “There are many things you could do better.”
There are three elements that set the best companies apart from their competitors: offering flexible work arrangements, ample opportunities for professional development (job rotations during teaching, mentorship) and robust mental health services (free counseling, extra paid free), Roth adds.
Disclaimer: Comcast is the owner of NBCUniversal, the parent company of CNBC.
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