It’s official. Google is the #1 Best Place to Work in America according to Fortune Magazine. If you haven’t yet read this issue of Fortune, you should. It’s a powerful listing of what can be done by corporations in order to make their workplaces more exciting.
It’s also important to realize that even though the Fortune list is the granddaddy of them all, there are numerous other lists that also recognize firms as a top or best place to work. If you are on a recruiting or employment branding team, it is critical that you realize the tremendous value that these lists can have on recruiting. They are unequaled in their ability to help establish your employment brand image as a top place work, but they are also excellent sources of information on which firms’ recruiters should focus poaching efforts.
There’s No Better Way to Get Recognition
Two weeks ago, Fortune Magazine‘s “100 Best Companies to Work For” list came out, and if your firm isn’t on it (or ranked high on it), your employment branding strategy can only be judged as a failure. You might ask why. Well, simply put, the Fortune list is the most powerful branding opportunity available to firms. There is simply no other action or program that has as dramatic an impact on a company’s long-term recruiting as being highly ranked on this list. The issue of Fortune that includes this list is the most widely read and passed around issue of the year. It is also highly credible because the criteria are relatively rigorous, and it’s been around for almost 10 years.
The top 10 firms on Fortune‘s list of “100 Best Companies to Work For” include:
- Quicken Loans
- Wegmans Food Markets
- Edward Jones
- Cisco Systems
- Goldman Sachs
- Methodist Hospital System
I’ve had the opportunity to work with seven of the top 10 firms on the list, and I can assure you that they are, in fact, extraordinary places to work. It’s also important to note that if you visit the list on Fortune‘s website, you can sort the 100 firms by many categories, including great benefits, a low turnover, high pay, etc.
The Value of Getting On These Lists
There are many reasons for getting on Fortune‘s and other similar lists. They include:
- Quantity and Quality of Applicants. Appearing on these lists will increase your visibility dramatically and, as a result, both the number and the quality of applications that you receive will increase dramatically.
- Press Coverage. Getting mentioned on the best lists means that you will receive dozens of editor and reporter calls, which in turn help to further spread your brand image.
- Speaking Engagements. Appearing on these lists guarantees that you will get opportunities to speak at industry events, seminars, and trade shows. Not only does this exposure further reinforce your brand, but it will also provide your firm with an opportunity to provide large audiences with detailed stories and more in-depth examples to further strengthen your employment brand.
- Learning Opportunities from Benchmarking. Getting on these lists means that the very best individuals from other companies will invariably call you to learn more about what to do. These calls allow you to reciprocate and to learn more about that firm’s best practices. You should also consider recruiting away the individuals who make the benchmark calls to your firm.
- Target Them for Hiring. If you’re looking for the best trained practitioners, it only makes sense that you target your recruiting on the firms that regularly appear on these lists. When you hire people from a listed company, you not only get good employees but their hiring also helps you gain an understanding of the best practices that got the firm on the list in the first place.
- Employer Referrals. Your employee referral rate will invariably go up after being listed because more individuals will approach your employees and ask them what it’s like to work there. In addition, the increased pride by your workers (as a result of being listed) will generally cause them to increase their attempts to sell their colleagues and friends on coming to work at your firm.
Other Important Lists That You Should Attempt to Be On
There are several other powerful lists that can help a firm build its employment brand. These lists include:
The Best and Worst Firms For People Management
This is a subset of the “most admired” firms list published by Fortune Magazine. This list allows you to see which firms have the best and worst people management practices among the most admired firms. If you’re in HR, consider these as opportunities to identify both the right way and the wrong way to manage people.
Best Firms at People Management:
- Procter & Gamble
- General Electric
- Kinder Morgan
- Kinder Morgan Energy Partners
- Exxon Mobil
Worst Firms at People Management
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6 Delta Air Lines
8 Lyondell Chemical
9 Northwest Airlines
20 Best Global Companies for Leaders
Published by Fortune Magazine but administered by Hewitt Associates and The RBL Group, this list focuses on leaders. It is viable if you want to examine the best practices and leadership development or if your firm is having a talent shortage as a result of large-scale retirements. This list contains a group of 20 firms from around the world that are noted for their strong leaders and leadership development programs. It currently lists:
- General Electric
- Procter & Gamble
- Hindustan Unilever
- Capital One Financial
- General Mills
- Infosys Technologies
- Medtronic, Inc.
- Eli Lilly and Company
- McDonald’s Corporation
- Whirlpool Corporation
- Natura Cosmeticos
- Australia and New Zealand Banking Group
- ICICI Bank
The Best Place to Start a Career
This list is published by BusinessWeek Magazine and is the list to be on if you want to attract the best people graduating from high school or college. The current list includes:
- Deloitte & Touche
- Ernst & Young
- Lockheed Martin
- Teach For America
100 Best Companies by Working Mother Magazine
Obviously, this list is targeted at working women, and it highlights the many benefits that women-friendly companies offer. The current top ten includes:
- Baptist Health South Florida
- Booz Allen Hamilton
- Ernst & Young
- General Mills
- The McGraw-Hill Companies
The importance of being on lists grows every year as firms put more emphasis on employment branding. But, it’s also important to realize that these various lists also have equal value for learning about best practices and as targets for recruiting efforts. Now, some might argue that many of these lists are really just “beauty contests,” and they would be partially right. The fact that these lists are not perfect in no way takes away from their branding power and their ability to send a message to potential applicants that your firm is a place that the very best should consider for their next job.
Getting on these lists is a skill that you can develop over time. If you’re just starting out, I suggest you begin with local or functional lists. Then, as your experience and skill increase, try to get on the granddaddy of them all: the Fortune “100 Best Places to Work” list. If you do, you’ll become an instant hero within your corporation, I guarantee it!