Tag Archives: World’s Best Multinational Workplaces

2014 World’s Best Multinational Workplaces: Trends for Thought

Data Point TuesdayHere at Great Place to Work we’re getting ready to reveal the 2014 World’s Best Multinational Workplaces list, so there seems like no better a time to talk about a positive organizational trend that’s been occurring among many of the less encouraging trends we consistently hear about (for example, the war on talent, low levels of employee engagement, or no work/life integration). The positive trend that I’m speaking, to be exact, is that levels of trust, camaraderie and pride are rising at the best workplaces – essentially, the world’s best workplaces are getting better. In recent years we’ve seen “the best” companies get better in the majority of the ~50 countries where we measure workplaces using our Trust Index© employee survey. Additionally, we have seen increasing trust at the companies that make up Great Place to Work®’s annual World’s Best Multinational Workplaces list.
trustindexchange2009-2014

The good news is that while this increase in trust trend is mostly notable within “best companies,” such positive culture changes are influencing other companies as well and helping to create a push towards a higher standard for organizations. The data discussed here comes from the decision to examine trust trends in individual countries and among the world’s best multinationals as we prepared our 4th annual World’s Best Multinational Workplaces list. In particular, we studied the Trust Index© scores of all the national Best Workplaces lists during the past five years. The Trust Index© is Great Place to Work®’s 58-statement employee survey that measures trust, pride and camaraderie in organizations.

Our research highlights seven reasons why trust is rising in great workplaces: awareness, evidence, Generation Y, employee gratitude, wellbeing, momentum, and transparency. Globally, company leaders have been demonstrating an increased awareness towards the importance of a high-trust workplace culture. Furthermore, we’re seeing increasingly more evidence published that great workplaces lead to better business results. For example, publicly traded companies on the U.S. Best Companies to Work For list have nearly doubled the performance of the stock market overall from 1997 to 2013 and a paper published earlier this year by the European Corporate Governance Institute which studied data from 14 countries, concluded that higher levels of employee satisfaction (reflected by earning a spot on a best workplaces list generated by Great Place to Work®) corresponded to stock market outperformance in countries with high levels of labor market flexibility, such as the United States and the United Kingdom.

The Millennial generation is also an influencer. Globally, this generation is demanding better workplaces and pushing employers to place more focus on both social responsibility and work/life integration. Employee gratitude also plays a big role in high-trust cultures. Best workplace environments reflect employee gratitude and reciprocation and aren’t solely about what management is doing for employees. This is especially true during trying times for companies. When one company’s culture may take a turn for the worse during economic hardships, organizations that take care of their employees amid such a time can create higher levels of trust. We can also point to the ‘wellbeing’ movement as an influencer of high trust levels at organizations. With people placing more and more emphasis on mental and physical wellness, in part due to high stress work environments at many organizations, great workplaces are embracing the wellbeing trend. Among the three Trust Index© scores that have risen most among the World’s Best Multinational Workplaces is this statement: “People are encouraged to balance their work life and their personal life.”

Momentum and transparency are the last of the seven key trends we have noted as influencers of high-trust at organizations. Momentum refers to the positive upward spiral that seems to occur (owing to both management and employees) once an organization develops a trust-based workplace culture. This is logical as a more trust-based culture often sees employees that are more active participants in culture related activities and hold a greater appreciate for their workplace. With the amount of new technologies (like social media) and personal mobile devices available, organizations are faced with an amount of unprecedented transparency. This transparency works in favor of organizations with great cultures and rewards them while providing a “public eye” and ample incentive for less than great organizations to step up. Another of the three Trust Index© scores that have risen most among the World’s Best Multinational Workplaces is this statement: “Management keeps me informed about important issues and changes.”

Check out a few “Fast Facts” about the World’s Best Multinational Workplaces 2014 below, and be sure to check back here on Thursday to see which companies made the list!

Fast Facts: The World’s Best Multinational Workplaces 2014

  • Since last year, industry distribution has changed significantly on the World’s Best list. IT and Telecommunications now makes up 40% of the industries, replacing Manufacturing and Production (28%) as the dominating industry. The variety of industries represented has shrunk from 8 industries in 2013 to just 6 this year:industrydistribution2014
  • Among the 2014 World’s Best Multinational Companies to Work For in 2014, “Pride” is distinguished as the main strength. “Camaraderie” ranks stronger than “Respect” in the Top 10 and the Top 5, while “Fairness” continues to be biggest opportunity area:2014 Dimension Scores
  • Since 2011, the main improvements made by the best multinationals in the world are:
    • Encouraging work-life balance,
    • Management keeping employees informed
    • Promotions based on merit.
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Filed under China Gorman, Company Culture, Data Point Tuesday, Employee Satisfaction, Great Place to Work, World's Best Multinational Workplaces

The Big Reveal

2013 Best

Everyone wants to work at a great place, and today, they’ll find out if they do. Great Place to Work® is counting down the 2013 World’s Best Multinational Workplaces list during a live, online broadcast today for the first time ever. Join me in congratulating the 2013 World’s Best Multinational Workplaces and follow us at 9AM Pacific Time in the GoLive event when we’ll stream live the reveal of the third annual list of the World’s Best Multinational Workplaces.

Several executives from the top 25 companies will join us on set to share their approaches and successfull practices that help them build, sustain and grow the world’s most coveted workplace cultures. These organizations have thousands of people in different countries working across multiple time zones, and yet, their universal commitment to every employee makes them great beyond any border.

It’s no coincidence that great workplaces are also industry leaders across the board. Client satisfaction, ROI and quarterly earnings all start with the people who make it happen. Year after year, companies that see each employee as a whole person ultimately see the most valuable business results. These companies offer internal programs for personal well-being, provide professional development opportunities, and foster transparent communities for the best talent to connect, learn and succeed together.

We are honored to celebrate these companies and their dedication to sustaining healthy work environments for their employees. They help us achieve our mission of creating a better society by having a positive impact on their people and the communities within which they work.

Join us at 9:00 a.m. Pacific Time today, Tuesday, October 22, to find out who made the 2013 list and hear from the best what it takes to become a Great Place to Work®. http://worldsbest.greatplacetowork.net/index.html

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Filed under China Gorman, Culture, Great Place to Work Institute, World's Best Multinational Workplaces