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The “Great Resignation” headlines appear to have been replaced by warnings of an impending recession as inflation continues unabated. Therefore, some believe that the employer/employee dynamic shifted in favor of the formerwho no longer feels obligated to serve workers and can make demands such as an unequivocal return to the office, despite recent studies showing how not offering hybrid work is a problem for nearly half of college graduates entering the workforce. Additionally, the gap between corporate and frontline workers’ perspectives on issues such as understaffing, burnout and effective communication seems to be expandingpotentially leading to a confrontation where the volume can be increased on a ‘quiet exit’.
Such a bleak reading of the current landscape can lead one to question whether anyone is satisfied with their employment situation. According to Newsweek’s second annual report on America’s Most Loved Workplaces, the answer is an unequivocal yes for companies “that have been willing to change with the times and actively work to meet the evolving needs of the people who work for them”.
Partnering with the Best Practices Institute, Newsweek surveyed more than 1.4 million employees at companies ranging in size from 50 employees to more than 10,000, combining public ratings from sites like Glassdoor and Indeed with in-person interviews and survey responses to to make this year’s list. The main findings? Employees are happiest where there is flexibility and career development.
The survey shows that while employees are used to a hybrid setup and expect such an arrangement to continue, the majority of full-time telecommuters are also concerned about the loss of career development opportunities. Even there, however, employees expect to have a greater say in how those opportunities play out.
“The key,” says Lewis Carter, chief executive of the Best Practice Institute, “is to let workers take responsibility for where they want their careers to go and for the company to prepare them for that path within the company. “
Many of 2022’s most beloved companies illustrate this shift by implementing dedicated career development “academies” or projects dedicated to highlighting underutilized employee talent. Test preparation firm Kaplan, at No. 39 on the list, has a month-long program called DevelopU that helps employees improve their skills and encourages them to map out their own development plans.
Newsweek researchers say the most important thing is not to underestimate the power of emotional connection: employees who feel in sync with the companies they work for will be more productive and loyal.
“Employees want to go home every day and know they’ve contributed, whether they’re in an entry-level position or in senior management,” notes BPI head of research Scott Bakst. “Companies on this list highlight how they have given voice to all employees and in return have been rewarded with increased productivity and performance.”
Check out our slideshow above of the ten most loved companies on Newsweek’s list and click here for the full report.
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