04 Feb The best companies to work for and the most motivating for their employees
All of us who consider ourselves employees would agree that there are a number of key factors that make us more motivated to work for one company or another. We can think, for example, of high remuneration, flexibility to reconcile work and family life or a good atmosphere among colleagues.
After a year as extreme and challenging as 2020, it is not surprising that these rankings have turned around. This edition, marked by the Covid-19, there are six biotech and pharmaceutical companiesIn this edition of the rankings, the presence of this sector has increased by 200% compared to last year's list, with the presence of Johnson & Johnson (24th place), Pfizer (Rank 39) and Eli Lilly and Company (Rank 87).
Special mention should be made of Bain & Company which appears as one of the best places to work and this year debuts in the first position.
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In order of importance, according to consultants and independent human resources experts, employees value:
- Talent management and career development, performance and unwanted turnover
- Remuneration in kind and social benefits
- CSR: social and volunteering policies that involve the workforce
Well, according to this, here are the best companies to work for.
The best companies to work for in 2023
1. BAIN & COMPANY
In addition to being a leading consulting firm, Bain has also been ranked as a best place to work and has been recognised as a company with a strong commitment to LGBQT and working mothers.
What makes Bain one of the best companies to work for?
One of Bain's best value propositions is its people. The company invests heavily, not only in attracting talent, but also in people who are multifaceted, friendly and personable. It is common for Bainies (so they call themselves) to choose to meet on weekends even after putting in long hours during the work week.
2.-Challenging clients and projects
At Bain, they give you the opportunity to work on projects with some of the world's most influential companies. It is common to work on pioneering projects in new fields and high-impact, global-scale non-profit organisations. Projects aim to solve complex business problems, and employees gain tangible skills and achievements on each project.
3.-Ability to manage your time
Internships (the opportunity to work for another non-profit company for 4-6 months). Sabbaticals (taking time off to disconnect). Relocation (to another company and work for Bain in another global office). Social impact projects.
4.-Professional development and mentoring
There is a strong interest and emphasis on developing Bain's corporate culture. It is common to have regularly scheduled professional development (PD) discussions with the manager, partner or other team members. Having a coffee or just time out of the workday to have a frank conversation about strengths, feedback and goals. There is also a strong culture of teaching and knowledge sharing.
5.-One Bain Culture
"A Bainie never lets another Bainie fail. This is indicative of the culture at Bain: supportive and fun. Bain strives to help Bainies make connections when starting out within their start-up teams, and the office in general, through events and experience sharing. It is also remarkable how the Bain culture is transmitted between offices around the world. With the Bain World Cup (the annual world football tournament), global trainings and inter-office groups, there are many opportunities to interact with Bainies worldwide who share and value the Bain culture.
6.-Participation outside work
There are established groups such as Women at Bain, Blacks at Bain, BGLAD (the LGBTQ network at Bain), Inspire (free consultancy for non-profit organisations), Bain Band, etc., as well as an open invitation for Bainies to start their own initiatives, events and new groups. Some examples are: Run Club, the Green Team and volunteering in the community.
7.-Support after leaving the company
Another benefit of working at Bain & Company is the career support you will continue to have access to after you leave the firm. Bain has a strong alumni network, as well as job search and career development resources. For example, access to interview resources, job applications and a Bain-exclusive job board. Other companies post roles in that directory that they are looking to fill with former Bainies.
Bain is known to take good care of its employees through juicy compensation and benefits packages. Total compensation includes a competitive base salary, bonuses, profit sharing. In addition, Bain offers a wide variety of benefits:
- comprehensive health benefits plan
- flexible spending accounts
- generous office budgets
- team events
- access to professional development programmes
And the list goes on!
There are companies that have gone further when it comes to well-being and have created a whole new world for their employees to discover. One of the companies that "pampers" its employees the most is the all-powerful Google, which, although already famous for the high incentives it gives its workers, has been crowned thanks to the "Googleplex", where they offer their workers all kinds of services that can help them to improve their quality of life. "Googleplex", a small village they have built in California. where they offer their workers all kinds of services they might need: childcare, mobile libraries, massages, hairdressing, manicures, street markets, nap pods and car oil changes, among others. They also allow dogs to be brought to work and encourage children and parents to visit the offices.
This is probably why the technology giant has held the top spot for six years in Fortune magazine's world ranking of the best companies to work for , because, as Sergey Brin, co-founder of the company in 1998, says: "Our employees are everything. We will reward them and treat them well.
We continue in the web world with the second and third places on the list. The silver medal goes to the social network Twitter , because the current CEO and co-founder, Jack Dorsey, has a lot of money. So much that has donated a third of its Twitter shares to employees.... is the equivalent of two hundred million dollars. Dorsey tweeted on the subject, saying he'd rather have less of something big than a lot of something small. And that's not the end of the CEO's generosity and exceptionality: Dorsey is also famous for taking new employees on a field trip to the Gandhi statue.
In the case of Facebook, which occupies our third place, employees are given a full technological equipment as a welcome gift And not only that, but Mark Zuckerberg himself, when he wants to hire a new employee for Facebook, takes them for a ride. The aim, according to Zuckerberg, is to talk about the company's vision.
We continue on our list and in the number four position is LinkedinThis social network, until recently unknown, has announced that from 1 November it will implement a new model of holidays for its employees that will allow them to take unlimited days off. unlimited days off. As they announce on their website, they want to better understand their personal needs in order to be able to perform their work in a more optimal way.
6. CYSCO SYSTEMS
With Cisco Systems we reach the meridian of companies that make their employees happy, Cisco is considered to be one of the largest manufacturers of computer network technology in the world; it has created for its entire workforce, including X-rays, dentist, paediatrician, ophthalmologist, etc., as well as a fitness area. "Life Connections" a free primary health care centre for all its staff including X-rays, dentist, paediatrician, ophthalmologist etc., and also a fitness area. The best thing about this company is that it supports telecommuting, and 75% of the staff can work remotely with access to data and voice services.
Microsoft , in sixth place, is highly rated for its flexibility in terms of work-life balance. flexibility in terms of work-life balance. It is one of the few companies with such well-paid maternity and paternity leave and even telecommuting. It also has very good health cover for its employees and their immediate families.
The California-based data storage firm NetAppThe California-based data storage firm has risen in just a few years to Fortune magazine's most prestigious technology companies to work for and the number seven spot in our own. It doesn't offer any services that we have mentioned so far, but rather employees directly request their need and the company goes the extra mile to meet it. Last year, for example, NetApp provided its data storage services free of charge to a group of surgeons to treat the brain tumour of an employee's son.
We change technology for a public relations agency, in the eighth position we have the company Edelman, which although it is not well known internationally, in the United States it has quite a lot of repercussion due to the study carried out by The Market Watch in which it states that its employees are delighted with the meal service they offer, as well as a full medical insurance and free childcare for their children. It also provides its employees with free training courses to optimise their work experience.
After so many tech companies, we move on to the "queen of happiness". It is true that Coca-Cola has not been at its best lately, but even so, the giant has stayed afloat thanks to several policies, among which we find the financial compensation for a job well doneThe integration of people with disabilities in the workforce or the continuous training of its employees. It is also famous for the corporate decoration of its facilities all over the world.
A fast food company Chick-fil-ADespite years of bad press for its "junk food", its employees have turned the situation around, declaring themselves "very happy to work there". The fried chicken giant is famous for its "excellent" working atmosphere and for the "unbeatable" fellowship among its workers.
12. MUTUA MADRILEÑA
In 2017, it snatched the first place from BBVA as the best Spanish company to work for (data obtained from Actualidad Económica). Mutua Madrileña adopts universal measures, for all workers equally, regardless of their professional level.
Since last year, it has also had a new system for evaluating the performance of each employee in the company, which is carried out at the same time by their managers, colleagues and collaborators. The results determine the amount of each employee's salary increases of each professional and the amount of their variable remuneration.
They all have a life insurance of up to 500,000 euros compensation, and it is the same for the professional who has just joined at the lowest level as for the general manager. They also have a full group health insuranceThe company also has a full salary package, although they give the possibility of individual upgrading. Mutua Madrileña, gives 10% of the fixed and variable remuneration as a contribution to a pension plan. And the salaries are well above the tables of the sector's collective agreement.
They are currently working on three important projects: a mobile application to make life easier for employees inside and outside the company and which will have multiple utilities, a new job map and a new career path model that will allow them to follow the most appropriate career plan within the company.
But there are many more: the extension of the distance working, the integration of certain groups into the labour market and improving the work-life balance.Mutua already has the highest certification in this respect, awarded by the Fundación Más Familia.
The ongoing training has always been key in this company, which allocates at least 500,000 euros per year for this purpose. They have different projects for the development of managers and for the continuous improvement of employees, such as the women's leadership programmewhich 37 women have already gone through and whose aim is to enable them to carry out managerial functions in the future. Mutua is one of the few companies in Spain to state in its annual report that there is no wage gap, which has been verified by PWC.
And for you, what are the factors that most motivate you to work in a company?
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On the cover: image from the film The trainees
Madrileña, journalist, broadcaster and dubber. She started at the university newspaper, has trained at Europa Press and writes for Actuall.com. She is committed to life and believes that creativity is intelligence having fun.