Great Place to Work has revealed 2021’s Fortune Best Workplaces for Millennials.
Those that support equity, transparency, flexibility and purpose achieve top marks amongst millennial employees, according to the analysis of 300,000 millennial employee opinions in the US. In the large-sized category, Cisco has been crowned the number one company for millennials. It has been recognised on the list since 2016.
Salesforce, Hilton and Pinnacle Financial Partners followed in second, third and fourth places respectively. Topping the list for the second year in a row in the small- and medium-sized company category is Asana at number one. Newcomer Better.com ranks second, followed by NerdWallet (third); the biggest climber on the list, moving up 18 spots from last year (from position 21).
TOP 10 large best companies for millennials
- Cisco
- Salesforce
- Hilton
- Pinnacle Financial Partners
- Red Hat, Inc.
- Progressive Insurance
- Modern Technology Solutions, Inc
- Bank of America
- American Express
- Veterans United Home Loans
TOP 10 small and medium companies for millennials
- Asana
- Better.com
- NerdWallet
- Nationwide Mortgage Bankers
- United Therapeutics Corporation
- Expel
- Davidson Technologies Inc
- Bitwise Industries
- Peopletec, Inc
- Aledade
Nine in 10 millennial employees at the companies on this year’s list say they want to stay with their current employer a long time. “The Best Workplaces for Millennials treat their employees like people, not just employees,” stated Michael C Bush, CEO of Great Place to Work. “These companies foster caring and respect for one another, at every level of the organisation. The result is millennial employees who say they look forward to coming to work and – as our research says – are 50 times more likely to stay a long time.”
OTHER TOP PERFORMERS
For the fifth straight year, New American Funding, a top nationwide mortgage lender, has been named one of the Best Workplaces for Millennials by Fortune and Great Place to Work. This year, the mortgage lender ranked #23 out of 100 companies. The company continues to break its own lending records and currently boasts 4,800 employees, 179 nationwide locations.
The company has already hired more than 1,191 new employees this year, with diversity key in its recruitment. Millennials comprise 38% of the company’s workforce, while women and minorities make up 60% and 45%, respectively, confirmed the company.
PROVIDING GROWTH OPPORTUNITIES
The listing has once again named analytics firm SAS as one of 2021’s Best Workplaces for Millennials. SAS firmly believes that the ability to attract and retain creative employees directly affects business success. Employees are critical to the company’s innovation, so SAS invests in all its employees – from career development to health and well-being. SAS is deeply committed to helping employees succeed at every stage of their careers. Networking and career development initiatives like SAS YPN, as well as full-time training programmes like the SAS academies help foster a sense of community for early-career individuals. And opportunities like the Emerging Leaders programme help support and guide employees as they advance and seek leadership training and skills.
“SAS provides employees countless opportunities to grow professionally and personally, as well as make a true difference for our communities,” said Pauline Ashcraft, Program Manager for Risk Research and Quantitative Solutions at SAS and leader of the SAS Young Professionals Network (YPN). “Our unique company culture encourages employees to harness their creativity and passion to work on meaningful projects that drive innovation for our industry and our world.”
RIGOROUS ANALYSIS
Great Place to Work determines the list each year through rigorous analysis of data from their proprietary Trust Index employee experience survey. To determine the list, Great Place to Work analysed confidential survey feedback representing more than 5.3 million employees.
Employees responded to over 60 survey questions describing the extent to which their organisation creates a great workplace For All. Around 85% of the evaluation is based on what millennials say about their experiences of trust and reaching their full human potential as part of their organisation; no matter who they are or what they do. The remaining 15% is based on an assessment of millennials’ daily experiences of innovation; the company’s values, and the effectiveness of their leaders.
Click here for the full ranking.
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