Fortune Best Places to Work — How Perks Add Up

May 06, 2009

Fortune Best Places to Work — How Perks Add Up

   Like last year, we took a look at this year’s Fortune’s Best Companies to Work For survey to see if there were any patterns in the perks provided and noted by Fortune editors. There were a few interesting ones over the past three years and here they are:
 
*The number of companies offering job sharing has steadily declined since 2007, from 71 in ’07 to 61 in ’09, and although Fortune only has two years of data on this offering, the number of companies providing compressed work weeks declined from 82 in ‘08 to 75 in ‘09
*Although Fortune only has two years of data, the number of companies offering subsidized gym memberships has increased from 59 in ‘08 to 78 in ’09
*The number of companies offering gay-friendly benefits increased from 70 in ’08 to 79 in ’09

                                              Fortune Best Places to Work Perks Analysis

 

2007

2008

2009

Total Companies

100

100

100

# companies with Unusual Perks (as deemed by Fortune)

5

15

8

# companies with On-Site Child Care

32

29

32

# companies with Fully Paid Sabbaticals

22

18

19

# companies with 50% or More Women

41

40

41

# companies with 50% or More Minorities

8

6

8

# companies with 100% paid Health Care

16

21

15

# companies that allow Telecommuting

82

84

83

# of companies that have Job Sharing

71

63

61

# of companies that have a Gay-friendly policy

92

95

95

# companies that have Onsite Gyms

n/a

69

69

# of companies that have Subsidized Gym Memberships

n/a

59

78

# of companies that have Compressed Work Weeks

n/a

82

75

# of companies that have Gay- Friendly benefits

n/a

70

79

Not surprisingly, job growth rates are higher for Best Companies to Work For than the national rates. For example, national job growth decreased by 11% from 2007 to 2008, but increased by 18% in Best Companies. Reputation-rich companies still keep hiring.  

                                                Best Companies vs. National Averages    

 

National Number of New Hires (based on year end)*

Best Companies Number of New Jobs

2006

 

64,911,000

58,096 (2007 survey)

2007

63,381,000

(-2%)

66,934 (2008 survey)

(+15%)

2008

56,496,000

(-11%)

78,787 (2009 survey)

(+18%)

 

 

 

 

 

 

*United States Department of Labor JOLTS Survey News Release, March 10, 2009

  http://www.bls.gov/news.release/archives/jolts_03102009.htm

 

 

 

 

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Leslie Gaines-Ross
Leslie Gaines-Ross
lesliegainesross@gmail.com

As Weber Shandwick’s Chief Reputation Strategist, I focus on the ever changing world of reputation. For the past 25 years, I have relentlessly observed, researched and commented on the rise and fall of reputations.

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