Great Place to Work®, the global authority on workplace culture has determined the Fortune Best Workplaces for Women™ 2021 by analyzing confidential employee surveys representing the opinions of 5.6 million U.S. employees.
There are 38 new companies on this list this year and two of them, Bitwise Industries and Greenhouse) made it to the top five. Twenty-six of the 75 large organizations on the list are new, and 12 out of the 25 small- and medium-sized businesses (SMBs) are making their Best Workplaces for Women debut.
Hilton tops the list this year, followed by financial corporations American Express and Bank of America. Impressively, Bank of America jumped 39 spots from their position on last year’s Best Workplaces for Women list.
The number of participating organizations increased 40% from 2020, but the spots available this year remains at 100, making it more difficult than ever to earn a spot on the list. This year’s list is made up of 75 large companies and 25 SMBs.
“These companies have made a commitment to fostering equity in the workplace. With the facts about gender inequity in mind, the Best Workplaces for Women braved the task of combatting gender inequity by ensuring their women employees feel safe, heard, challenged and valued,” says Michael C. Bush, CEO of Great Place to Work.
COVID-19 was disproportionately hard on working women, who experienced more furloughs and layoffs and had higher quit rates compared to their male colleagues. Nowhere was this truer than in the hospitality industry. That makes it even more impressive that four hospitality companies—Hilton, Marriott, Hyatt and Kimpton—made the list in 2021.
Hyatt even jumped seven spots to make this year’s top 10, powered by an incredibly strong representation of female leadership, a barrier many organizations struggle to overcome. In fact, half of the executive management at Hyatt identify as female. The company has made numerous internal investments to support their female employees, including Women@Hyatt Diversity Business Resource Group (DBRGs), which are akin to Employee Resource Groups (ERG) at other organizations. The group has since expanded to include Hyatt B.L.A.C.K, Hyatt Asian-Pacific Islanders, Latinos@Hyatt, Hyatt disABILITIES and HyPride.
Though Nationwide, Rocket Companies, and Bank of America saw the largest improvement in their employee survey scores, many more on the list showed great improvement in how women were experiencing their workplace, despite the lasting impact the COVID-19 pandemic has had on the well-being of women worldwide.
See the full list of the Best Workplaces for Women™ 2021
What are the top 10 companies to work for as a woman in 2021?
1. Hilton Worldwide, Inc.
2. American Express
3. Bank of America
4. New American Funding
5. Progressive Insurance
6. Pinnacle Financial Partners
8. PrimeLending, A Plains Capital Company
10. Hyatt Hotels Corporation
About the Best Workplaces for Women methodology
The methodology for determining the Best Workplaces for Women is unique in that it specifically analyzes how women are experiencing the workplace. In order to do this, we ask employees to respond to over 60 survey questions describing the extent to which their organization creates a great place to work For All™.
Eighty-five percent of the ranking is based on what women themselves report about their workplace, and how fairly those experiences compare to men’s reports of the same workplaces. The survey measures the extent to which women report their organizations create a great place to work For All—for example, whether people trust each other and employees are able to reach their full human potential, no matter who they are or what they do. We analyze whether different identities women hold change their experience of the workplace. We analyze these patterns relative to each organization’s size, workforce makeup and what’s typical in their industry and region. We also measure the degree to which employees from all backgrounds are equally involved in innovation opportunities, believe company values are lived and breathed, and believe management is effective.
Fifteen percent of the remaining rank is based on how well-represented women are in the workforce and throughout management, taking into account industry trends. To be considered, companies need to employ at least 50 women, at least 20% of their non-executive managers need to be female and at least one of their executives needs to be female.
About Great Place to Work
Great Place to Work is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees around the world and used those deep insights to define what makes a great workplace: trust. Great Place to Work helps organizations quantify their culture and produce better business results by creating a high-trust work experience for all employees. Their unparalleled benchmark data is used to recognize Great Place to Work-Certified™ companies and the Best Workplaces™ in the US and more than 60 countries, including the 100 Best Companies to Work For® and World’s Best Workplaces™ lists published annually in Fortune. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For All™.