Employee Productivity Skyrockets at the Fortune 100 Best Companies to Work For in 2023, According to More than Half a Million Employees High levels of discretionary effort and mental health set the 100 Best Companies apart from the rest
Oakland, California
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April 04, 2023 07:00 AM Eastern Daylight Time
This year’s winning companies proved that you can create cultures where employees give extra at work without a cost to their mental health.
Discretionary effort — the willingness to give extra at work — is nearly 70% higher at the 2023 Fortune 100 Best Companies to Work For® compared to a typical U.S. workplace, where record-low productivity levels are the norm.
The U.S. Bureau of Labor Statistics reports the annual average productivity level decreased 1.3% from 2021 to 2022 — the largest annual decline since 1974.
Revenue per employee — another key productivity measure — increased 7% year-over-year for the 100 Best Companies. That’s almost double the 4% year-over-year revenue per employee increase among last year’s winners.
“It often seems easier to cut headcount to boost productivity, but you can’t cut your way to greatness,” says Michael C. Bush, CEO of Great Place To Work®, the global research and analytics firm that produces the 100 Best list. “It’s because these companies care for their people and prioritize well-being that they outperform. Not in spite of it.”
Sixty percent more employees at the 100 Best Companies say their workplace is psychologically and emotionally healthy compared to a typical employer, according to Great Place To Work market research.
Employees’ intent to stay and recruitment support are more than 50% higher at these workplaces than the typical employer.
“Make a high-trust culture your No. 1 priority,” Bush advises. “When your people win, you win,” Bush says. When everyone — no matter who they are or what they do — feels cared for, they’ll take care of you. It’s a virtuous cycle of care and support.”
Learn more: 4 ways the 100 Best Companies support their people
The Top 10
Cisco topped the list for the third year in a row. The top 10 companies to work for are:
1. Cisco
2. Hilton
3. American Express
4. Wegmans Food Markets, Inc.
5. Accenture
6. NVIDIA Corporation
7. Atlassian, Inc.
8. Salesforce
9. Comcast NBC Universal
10. Marriott International
Visuals available: 2023 100 Best Winners
About the Fortune 100 Best Companies to Work For
Great Place To Work surveyed companies employing 7.5 million people in the U.S. and received 1.3 million survey responses. Of those, over half a million responses were received from employees at Great Place To Work Certified™ companies who were eligible for the 2023 100 Best, and this list is based on their feedback.
To get on this list next year, start here.
About Great Place To Work
Great Place To Work® is the global authority on workplace culture. Since 1992, it has surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Its employee survey platform empowers leaders with the feedback, real-time reporting, and insights they need to make data-driven people decisions. Everything it does is driven by the mission to build a better world by helping every organization become a great workplace for all.
Learn more at greatplacetowork.comand on LinkedIn, Twitter, Facebookand Instagram.
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