Companies, when recruiting workers, usually go through rigorous interview processes to get the best candidates. However, potential employers are also free to research and know the best companies to work for. In this article, we see the top 10 best companies to work for in the world, according to Fortune and Forbe's list.
What makes these firms the top best companies to work for? These firms share a great workplace culture and treat their employees well.
This list of the top 10 best companies to work for in the world is based on employee feedbacks of companys' working conditions. Employees working with these companies indicated high satisfaction with working with these companies.
Before finally compiling this list of the top 10 best companies to work for in the world, some metrics were used to rate the companies. Some of the metrics used to rate the firms include:
- The willingness of employees to recommend the companies to friends and family
- Company financial outlook
- Employees satisfaction with the company's COVID-19 responses
- Talent Development in the companies
- Social responsibility
- Gender equality
- General workplace culture
Employees too want to work with companies that value them, care about them and support them.
Company CEOs ought to learn the qualities of a good leader and what it takes to manage an organization. There should be more to business goals than just profit-making, and that includes employee satisfaction.
Top 10 best companies in the world to work for
If you are seeking the best places to work for, check out below for the top best companies you can work with:
- Ultimate Software
- Samsung Electronics
- Wegmans Food Markets
- International Business Machines, IBM
Hilton is a popular company in the hospitality sector. This top global company is number one in our list of the top 10 best companies in the world to work for.
Hilton was established by Conrad Hilton in 1919. Conrad led and managed the company so well that today, it ranks as one of the most respected brands worldwide.
Hilton has up to 18 brands under it, with over 6,300 properties that span across about 119 countries. Hilton's other brands include Conrad hotels and resorts, Canopy by Hilton, Hilton Grand Vacations, DoubleTree by Hilton, Hilton Garden Inn, etc.
Business Chief enlisted Hilton Worldwide as one of the top 10 biggest hotel chains and one of the most famous worldwide.
Hilton boasts of up to 430,000 employees working for the company in different parts of the world. Do you wonder why this company is listed as one of the top 10 best companies to work for in the world?
The CEO of the company, Chris Nassetta, had adopted the policy of ensuring that benefits are improved amongst employees starting from the higher-level HR managers to the lower-level housekeepers.
The company built a partnership with Milk Stork, a startup company, to make it easier for its employees to easily carry or ship breast milk for free when travelling for work.
In 2019, Hilton company added more weeks to its parental leave policy. With the extended leave policy, new mothers now have as much as 12 weeks of paid time off while new fathers and adoptive parents get four months off work.
Employees of the company have continued enjoying a travel package which makes it possible for them to be treated as special clients in any part of the world. This means they get to pay for things at a highly discounted rate at Hilton facilities worldwide.
Nassetta speaking about employee care had said, "We try to care for our people in the right way so they will care for our customers".
In 2019, Hilton opened 470 new hotels and had about 4,500 job openings in 2020. Also, in 2020, the company generated as much as $ billion in revenue.
2. Ultimate Software
Ultimate Software is number 2 in our list of the top 10 best companies to work for in the world. Ultimate Software is an HR software company established in 1990 and based in Weston, Florida. Scott Sherr is the founder of the company.
This company goes with the tagline, "Ultimate Software. People first". Over the years, the company has worked with its tagline, putting people (including employees first).
Ultimate Software is focused on offering human capital management (HCM) solutions. This American multinational technology company offers different solutions such as HR, talent, payroll, time management and employee surveys.
Ultimate Software gained more recognition in May 20119 when it went into a private 11 billion dollar deal. The top US company has about 25 worksites and has as many as 4,600 employees working under it.
Ultimate Software employees enjoy almost unlimited paid time off, with premium health care plans that are fully paid for.
Its employees are ever grateful for the company culture of "workers appreciation", which comes with lots of exclusive surprise packages.
The company supports its employees travelling for any learning or skill development trip. Also, employees who meet company set goals enjoy paid gateways to top beautiful spots in the world, such as the Bahamas.
These and many more put Ultimate Software on the top spot as one of the best companies in the world to work for.
3. Samsung electronics
Samsung Electronics Co. Ltd. is a top electronics company that deals in the production and selling of electronic devices. The company has varying divisions, which includes Information Technology and Mobile Communications, Consumer Electronics and Device Solutions.
According to Forbes, this electronics company is one of the Top 10 best companies in the world to work for. It was founded in 1969 with headquarters in Suwon, South Korea.
Samsung Electronics has up to 105,257 employees under it and has an estimated market cap of $278.7 billion as of 2020.
In 2019, Samsung Electronics was listed as number 3 on the list of Top 100 Digital Companies. It made it to the list of the 2020 list of World's Most Valuable Brands.
Also, in 2020, Forbes partnered with Statista, a market research company, to find out companies that new graduates most like. Samsung Electronics was ranked number 85 on the list of Best Employers for New Grads.
According to Statista, this company generated global revenue of $206.21 billion and had a brand value of $102.62 billion as of 2020.
This top technology hardware and equipment company has already been selected as one of Greater Toronto's Top Employers, 2020 and one of Canada's Top 100 Employers, 2021.
Amazon is a US top company that offers online retail shopping services. It has been rated one of the top best companies to work for in the world by Forbes.
Amazon was founded in 1994 by Jeffrey P. Bezos, who is one of the world's richest today. Amazon headquarter is in Seattle, Washington.
Amazon carries out its operations via different business segments- International, North America and Amazon Web Services.
Through its Amazon Web Services (AWS), Amazon engages in the global sales of storage, compute and database, and other web services for enterprises, start-ups, and governmental organizations.
In 2018, Amazon was rated number 5 in the list of the World's Innovative Companies 2018. Forbes, after a survey of working Americans, including women working for businesses that employ more than 1,000 workers, enlisted Amazon as one of the Best Employers for Women.
5. Wegmans Food Markets
Wegmans Food Markets was established as a family-owned grocery with its headquarter in Rochester, New York City. Fortune enlisted this company as number three in its list of top 10 best companies to work for in the world.
This retail company was established in 1916. Over the years, Wegmans Food Market has employed over 51,000 workers and has about 130 work sites.
Wegmans Food Markets goes with the mission to help people live a healthy and better life through the food they eat. The company offers customers a warm in-store experience at all sites while also offering online support for delivery and meal planning.
According to a review on greatplacetowork.com, 93% of people working at Wegmans Food Markets agree that it is a great workplace compared to 59% of other people working at other typical companies in the US.
Fortune ranked the company number 28 in Fortune Best Workplaces for Millenials in 2020 and number 6 in Fortune Best Workplaces for Women 2020.
The number 6 on our list of the top 10 best companies to work for in the world is Cisco. It is an information and technology company established in 1984 with headquarters in San Jose, California.
With over 30,000 employees and 142 worksites, Cisco goes beyond just the networking that it is known for.
Employees here get paid time off when they welcome a new baby to their homes. Also, how much time off they get depends on whether they are the main or supporting parent caregiver. This means the duration of paid leave is independent of gender.
Even grandparents of newborn babies working in this company get three days off work to help with baby nursing. For its health coverage, Cisco goes as far as covering for counsellors and psychologists.
As a Cisco employee, you can get free anxiety and depression screening, yoga and meditation classes at on-campus facilities.
This shows that Cisco takes care of its workers' financial needs and their health, psychological and mental needs as well.
According to greatplacetowork.com, 97% of Cisco employees agree that the Management is honest and ethical in its business dealings, 98% said that they would love to recommend the company to others, while 98% said that the company makes employees feel welcomed.
7. International Business Machines, IBM
International Business Machines Corp. (IBM) is an IT Software and services firm that focuses on providing integrated solutions to businesses using information and technology.
IBM is rated as one of the top 10 best companies in the world to work for by Forbes. The company was established in June 1911 by Thomas J. Watson and Charles Ranlett Flint.
IBM operates via different segments such as Systems and Global Financing, Cloud and Cognitive Software, Global Technolgy Services and Global Business Services.
IBM has its headquarter in Armonk, New York. Over the years, this company has grown and expanded its size. Today, it has employed over 380,000 workers.
Employees working with IBM attest that the company is one of the best places to work. This means the company has the interest of its workers at heart.
careerguide.com listed out several reasons to work with IBM. Some of the reasons this company is a great workplace include healthcare benefits, commuter benefits, life and disability benefits, discounts on products and services by IBM, parental and bereavement leave and skill development support.
In 2018, Forbes enlisted IBM as one of America's Largest Public Companies. This is based on company size. It is number 14 on the list of Top Regarded Companies 2019.
It also made it to number 24 on the List of World's Most Valuable Brands, 2020. It was enlisted in Forbes recently published list of America's Best Management Consulting Firms, 2021.
Microsoft is another top company many people will wish to work for because the company culture supports the employees' welfare and growth.
This company deals in developing software, devices, services and solutions. Its business segments include Intelligent Cloud, Productivity and Business Processes and More Personal Computing.
Microsoft has offices in different parts of the world but has its headquarter located in Redmond, Washington.
It was established in 1975 by William Henry Gates and Paul Gardner Allen and have grown to become one of the top regarded companies in the world and one of the world's most valuable brands.
Microsoft has about 144,000 employees working under it and have always strived to keep their employees satisfied, just like their clients.
The number 9 in our list of the top 10 best companies in the world to work for is LG Corp. LG is a holding company that manages other subsidiary companies.
LG was established in 1947 with headquarter in Seoul, South Korea. Since its establishment, the company had always put customer satisfaction atop its goals.
The subsidiary companies under LG Corp include LG CNS, LG Chem, LG Siltron, LG Electronics, LG Sports and LG Solar Energy.
2021 saw the company getting its range of televisions ready for launch. As if this huge project is not enough, the company recently have been working out ways to tackle the VRR raised black problem on their 2020 OLED TVs.
LG might not be the biggest in terms of size; however, it has been recognized as one of the best workplaces for employees.
Apple is one of the world's most famous companies. Regarding employment or labour force, it is also one of the best companies to work for in the world.
Apple is a technology hardware and equipment company. The company deals with designing, producing, and selling personal computers, smartphones, wearables, tablets, and other device accessories.
Apple operates in different geographical areas, which include Europe, America, Japan, Greater China and the remaining Asia Pacific. The Europe segment of the business operation includes Africa and the Middle East.
The company was founded in 1976 with its headquarters in Cupertino, California. It is led by the Chief Executive Officer, Tim Cook.
In 2018, Forbes listed Apple as number 1 in its list of America's Largest Public Companies. It was number 1 in the list of Top 100 Digital Companies 2019.
In 2020, Apple took position 1 on the list of the World's Most Valuable Brands. It also ranked number 33 in the List of Best Employers for New Grads 2020 and 33 in the list of Best Employers for Veterans 2020.