The report evaluates organizations based on eight critical factors that contribute to employees’ career development: advancement potential, skills enhancement, company stability, external opportunities, workplace culture, gender diversity, educational background, and employee presence. To be eligible, companies must have at least 5,000 global employees by Dec. 31, 2023, including a minimum of 500 employees in the U.S., with a layoff rate of less than 10%. Additionally, firms that have laid off 10% or more since Jan. 1, 2023, are excluded from consideration. The ranking focuses only on parent companies, integrates data from their subsidiaries, and relies on aggregated and anonymous LinkedIn data collected during 2023. Here are some of the companies that fared well in the LinkedIn study.
JPMorgan Chase
The first rank in the LinkedIn report goes to American multinational finance company JPMorgan Chase. It is one of the world’s leading financial services firms, operating in over 100 countries with over 260,000 employees.
Top US locations: JPMorgan Chase has a strong presence in major U.S. cities including New York City, Dallas-Fort Worth, and Columbus, Ohio. These locations offer a variety of opportunities in finance, business development, and engineering roles.
Secrets to happiness at work: JPMorgan promotes flexibility, with a portion of its workforce working in a hybrid environment. This flexibility allows employees to maintain a healthy work-life balance while achieving success in their careers. It also offers employee-friendly programs such as the Employee Assistance Program (EAP) that provides support for personal challenges, emotional concerns, substance abuse, and workplace conflicts.
Amazon
Amazon It has been ranked second in LinkedIn’s report. It is a global leader in e-commerce, technology and innovation.
America’s top spots: Seattle, New York City, and the San Francisco Bay Area
Secrets to happiness at work: Amazon offers overtime pay for working more than 40 hours per week, and employees also receive time-and-a-half for working on holidays, which adds significant value to their compensation. It also offers a program called Anytime Pay, through which employees can choose their pay day, which is a rare benefit. This gives them control over their finances. This flexibility allows workers to access their income when they need it, rather than waiting for the traditional pay cycle.
Amazon offers a robust 401K savings plan, a retirement plan that allows you to contribute annually up to a certain limit and invest those funds for your future once you retire. Additional benefits like estate planning and financial counseling ensure that employees can make informed decisions about their long-term financial health.
Wells Fargo
Wells Fargo is a leading financial services institution dedicated to serving the needs of its clients specializing in commercial banking, capital markets and debt recovery. The company emphasizes skill-based hiring, with over 90% of its positions focused on relevant skills rather than formal educational credentials. It ranked third in the LinkedIn survey.
Top US locations: Charlotte, NC, Minneapolis, New York City
Secrets to happiness at work: As well as offering a competitive remuneration structure, this global giant has several other attractive features. Wells Fargo offers tuition reimbursement of up to $5,000 each year and scholarships of up to $3,000 annually for dependent children of employees.
Alphabet
Alphabet Inc. is a multinational technology conglomerate based in Mountain View, California. Alphabet is the parent organization of many companies, including Google, YouTube, Fitbit, Verily, Waze, and more. It is the second-largest technology company worldwide in terms of revenue after Apple, and is considered one of the most valuable companies in the world. LinkedIn reports it is ranked 10th.
America’s top spots: San Francisco Bay Area; New York City, Seattle
Secrets to happiness at work: The company offers flexible work arrangements, allowing employees to effectively balance their professional and personal lives. There are also work opportunities available outside of the United States, as well as paid internships to gain valuable experience. Employees receive assistance in paying off their student loans and benefit from matching contributions to their 401(k) plans.
Bank of America
Bank of America Merrill Lynch serves as the parent organization for US Trust and several other entities. It is the second-largest banking institution in the US and ranks as the second-largest bank globally by market capitalization, after the JPMorgan ChaseBank of America is considered one of the Big Four banks in the United States. Bank of America is ranked 12th by LinkedIn.
America’s top spots: New York City; Charlotte, NC; Dallas-Fort Worth
Secrets to happiness at work: According to a report released by the Great Place to Work website, 85 percent of Bank of America employees consider it a great workplace, which is much higher than the 57 percent average for typical U.S. companies. It promotes a positive work environment and numerous opportunities for growth.
