Does An Admired Company Mean An Ideal Employer?
What companies do you admire? Fortune Magazine set out to answer just that question when they conducted their annual survey of businesspeople to name the companies they most admired from any industry. We looked at the top 50 Most Admired Companies to find out if external opinions matched internal ones.
- The top three most admired companies according to Fortune include Apple, Google and Berkshire Hathaway. Whereas the three highest rated companies on Glassdoor.com, according to employees, include Southwest Airlines (4.7), General Mills (4.4) and Proctor & Gamble (4.0) – all of which were identified as one of the 50 Best Places to Work in 2010 by employees on Glassdoor.com.
- 40% of Fortune’s most admired companies earn a satisfied company rating from employees (>3.5) including: Google (3.9), Marriott International (3.6) and Caterpillar (3.6).
- The three lowest rated companies among the list of most admired according to employees were Hewlett Packard (2.5), Samsung Electronics (2.6) and AT&T (2.7). However, note none of the most admired companies garner a dissatisfied company rating, all score neutral or better.
- Among the most admired companies, 18% of CEOs earn an approval rating of 80% or higher including General Mills CEO Ken Powell (96% approval; 0% disapproval), Apple CEO Steve Jobs (91% approval; 2% disapproval) and Goldman Sachs CEO Lloyd C. Blankfein (84% approval; 3% disapproval).
- The three lowest rated CEOs among the list of most admired according to employees were eBay CEO John Donahoe (20% approval; 51% disapproval), Coca-Cola CEO Muhtar Kent (20% approval; 32% disapproval) and AT&T CEO Randall Stephenson (28% approval; 38% disapproval).
Below is Fortune’s List of Most Admired Companies compared to employee ratings of those companies and their CEOs provided by Glassdoor.com:
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The list of most admired companies is interesting to scan through and especially to compare to how employees feel about these businesses, but most important to keep in mind if you’re a job seeker is that the list of Top 50 Most Admired Companies is just one tool in your job search arsenal. If Fortune’s list is a starting point for your job search, we invite you to take a moment and read just a handful of the more than 120,000 company reviews on Glassdoor to get a better feel if a specific company is the going to be the right fit for you.
If you are an employee at any of these 50 most admired companies and haven’t yet submitted a review to Glassdoor, take just 5-10 minutes to tell us what you think about your job and the company.
* Note any company or CEO with less than 10 reviews or ratings on Glassdoor were not accounted for in the report above.