These 15 Companies have employees ‘happiest with their pay’ : Survey Report
The most recent rankings are from Comparably, the employee review site, which used a series of questions to gauge employee opinion from August 2022 to August 2023.
Many top tech companies surprised the employment market in 2023 with mass layoff announcements, return-to-work disputes, and skepticism about whether the big tech dream job is still alive. Nonetheless, they remain among the top corporations where employees are most satisfied with their salaries.
That’s according to the most recent rankings from Comparably, the employee review site, which used a series of questions to gauge employee opinion from August 2022 to August 2023.
According to the analysis, Workday, the HR IT business, ranks first in terms of employee satisfaction with their salary. Employees believe they are not only paid competitively in the market but also fairly in contrast to their peers. “Fairness is a meaningfully contributing variable to how somebody feels about their employer,” says Chad Herring, chief human resources officer of Comparably’s parent business, ZoomInfo.
Overall, Herring notes that many tech companies, particularly cybersecurity organizations, performed well in the wage examination.
Top 15 companies where workers are happiest with their pay:
- Workday
- Boston Consulting Group
- Uber
- Adobe
- Calix
- Proofpoint
- Instacart
- Chegg
- Palo Alto Networks
- SAP
- AT&T
- Experian
- Meta
- Squarespace
According to Comparably data, the top three companies where people believe they are well paid—Workday, Boston Consulting Group, and Uber—also have some of the happiest workers in general, including work-life balance, alignment with company values, holistic benefits, and others.
Meta and Google have dropped from their 2022 positions (when they were placed third and fifth, respectively), but they remain among the top 15 firms where employees are satisfied with their salary. While employees may be content with their pay, the two tech behemoths did not rank among the top 100 firms with the happiest workers overall.
Employees at the top 100 companies with outstanding compensation rated their job satisfaction at 87.5 out of 100, compared to the general average score of 63.5 throughout Comparably data. Employees shared their feelings by responding to questions such as:
Do you believe you’re paid fairly?
How often do you get a raise?
Are you satisfied with your benefits?
Does your company give annual bonuses?
If applicable, are you satisfied with your stock or equity?
According to Herring, organizations that not only pay well but are honest about their pay scales across the organization rank high on this year’s Comparably ranking. Many are based in California, which established a pay range rule in January 2023 that applies to firms with 15 or more employees, at least one of whom is based in California.
And organizations that have prioritized compensation transparency and pay parity for years are suddenly gaining ground. Herring points out that in 2016, firms such as Workday, Adobe, and AT&T signed the White House Equal Compensation Pledge, pledging to improve hiring, promotion, and compensation policies in order to reduce racial and gender wage discrepancies.
These businesses were “focusing on salary transparency and doing gender and race pay equity analysis long before it was legally required,” Herring says. “I do think that has a positive impact on how they feel about their employer.”
He hopes that more businesses will commit to pay transparency and equitable compensation practices. “I do think it’s a meaningful causal contributor to how employees feel about their company,” he said.
“Employees respond overwhelmingly when employers are proactive about those aspects of their business.” So, my advice to any company that is wondering, ‘Should I do it even though I don’t have to?’ My advice is that you should definitely do it.”
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