Many big tech companies have come under fire in the past year for their surprise layoff announcements, battles for a return to power, and skepticism that Big Tech’s dream job will survive. Despite this, they remain among the best companies where employees feel the most satisfied with their salary.
That’s according to the latest rankings from employee review site Comparably, which measured worker sentiment from August 2022 to August 2023 using a series of questions.
Workday, the HR technology company, ranks first where workers feel most satisfied with their pay, according to the analysis. Not only do employees feel like they are being paid competitively in the market, but they also report feeling paid fairly compared to their colleagues. “Fairness is a variable that significantly contributes to how someone feels about their employer,” says Chad Herring, chief human resources officer at ZoomInfo, Comparably’s parent company.
Overall, Herring points out, many tech companies, and especially cybersecurity companies, scored high in compensation analysis.
Here are the top 15 companies where workers are most satisfied with their salary:
- Working day
- Boston Consulting Group
- Uber
- Adobe
- Chalice
- Point of proof
- Instacart
- Chegg
- Palo Alto Networks
- SAP
- AT&T
- Experienced
- Meta
- Square space
The top three companies where people feel well paid — Workday, Boston Consulting Group and Uber — also have some of the happiest workers overall, according to data from Comparably, which takes into account compensation as well as factors like work-life balance, alignment. with company values, holistic benefits and others.
Meta and Google lost their place in 2022 (when they were ranked No. 3 and No. 5, respectively), but they remain in the top 15 companies where workers are satisfied with their pay. Although workers may feel satisfied with their pay, the two tech giants are not among the top 100 companies with the happiest workers overall.
Workers at the top 100 high-paying companies had a satisfaction score of 87.5 on a 100-point scale, compared to an overall average score of 63.5 in Comparably data. Employees expressed their feelings by answering questions such as:
- Do you think you are paid fairly?
- How often do you get a raise?
- Are you satisfied with your services?
- Does your company offer annual bonuses?
- If so, are you satisfied with your shares or equity?
Herring says companies that not only pay well, but are transparent about their pay scales across the organization, are high on Comparably’s list this year. Many are headquartered in California, which enacted a pay scale law in January 2023 that applies to employers with 15 or more workers and at least one in California.
And organizations that have valued pay transparency and pay equity for years are moving forward. Herring notes that companies like Workday, Adobe and AT&T signed the White House Equal Pay Pledge in 2016 to commit to improving hiring, promotion and compensation policies to reduce racial and gender wage gaps.
These companies “focused on pay transparency and conducted gender and racial pay equity analyzes long before it was legally required,” Herring says. “I think it has a positive impact for employees on how they feel about their employer.”
He hopes more companies will commit to transparency and fair pay practices: “I think it contributes significantly to how employees feel about their company,” he says.
“Employees mostly respond to employers being proactive about these elements of their business. So my suggestion would be, for any business wondering, “Should I do this even if I don’t have to?” My advice is that you absolutely should do it. »
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