When it comes to what Americans want from corporate America today, worker pay and well-being continue to be core priorities. We know this from engaging nearly 100,000 Americans over the past five years for our annual survey on just business behavior.
Across demographics — even political affiliation — Americans want companies to prioritize fair pay, a living wage, good benefits, work-life balance, equal opportunity, and pay equity.
Is corporate America listening? It may depend on who you ask.
Some people may answer with a resounding “yes” after the Business Roundtable — an association of the chief executive officers of nearly 200 of America’s largest and most influential companies — released a new Statement on the Purpose of a Corporation in August 2019.
After 22 years of endorsing shareholder primacy, the organization committed to a new ethos in which the purpose of a corporation is to benefit all stakeholders, including workers, customers, communities, and more.
The Business Roundtable’s vision catches up to what the American public has been telling us for years: They want business to serve all, not just a few.
Still, only 45% of Americans believe large corporations are actually walking the talk in promoting this more just and inclusive economy. Meanwhile, 69% think shareholders are the top priority for large corporations, over both employees and customers. And 79% agree that companies do not share enough success with employees.
We’ve come a long way — as proven by the Business Roundtable’s announcement — but corporate America still has work to do to regain the trust of the American public.
The good news is that there are companies setting an excellent example, leading the way in serving their employees through paying a fair wage and a living wage, providing good benefits and work-life balance, as well as quality jobs, equal opportunity, career development, and more.
Here are the 10 companies doing the most to invest in their employees, based on our 2020 Rankings.
Industry: Semiconductors & Equipment
Overall JUST Capital Rank: 2
NVIDIA receives a very high score for the quality of its benefits package. In addition to generous medical plan benefits, the company partners with the Stanford Health Navigator program to provide employees access to medical advice and care from leading institutions.
NVIDIA also supports parents through a generous paid parental leave policy, which provides 100% pay up to 22 weeks for mothers and 12 weeks for fathers, adoptive parents, and foster parents, along with eight weeks of flexible work hours upon return from leave.
The company is also committed to promoting diversity and inclusion by shepherding candidates at key diversity recruiting events. At the board level, NVIDIA’s Nominating and Corporate Governance Committee reviews and strategizes around how to continue to improve diversity and inclusion.
Overall JUST Capital Rank: 5
Salesforce wins a spot on this list for many reasons, starting with the fact that the company publishes its EEO-1 Survey, providing the highest level of disclosure on their workforce demographics. Salesforce is part of the 4% of companies in the Russell 1000 that publicly shares this detailed report that provides information about workers by their occupation, gender, and ethnicity.
Further showing their commitment to diversity and equal opportunity, Salesforce signed the Paradigm for Parity initiative whereby companies commit to achieving full gender parity by 2030, with a near-term goal of women holding at least 30% of senior roles.
When it comes to benefits, Salesforce stands out for offering childcare services to its employees, who also benefit from preferential childcare rates and backup childcare. The company also supports employees who want to go back to school by reimbursing up to $5,000 in educational fees per employee every year. Salesforce is deeply committed to providing career advancement, skills development, and educational attainment opportunities for its workers.
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Overall JUST Capital Rank: 1
Along with Salesforce, Microsoft is another company that published its EEO-1 Survey, giving the highest level of disclosure on its workforce demographics. Transparency around demographics is just one of the many ways Microsoft works to increase diversity and inclusion in the long term.
In an effort to build a diverse pipeline of talent, the Microsoft-led Technology Education and Literacy in Schools (TEALS) program helps high schools develop a comprehensive computer science program. Over the past five years, more than 30% of the program’s participants have been girls and 3% identify as an ethnic minority.
Microsoft also offers robust childcare services to its employees. For more than a decade, the company has provided childcare subsidies, discounts, and backup options for their workers. While it does not have onsite childcare, Microsoft’s subsidy and discount programs help parents afford near-site childcare centers. In 2019, the company also expanded its subsidized backup childcare from 100 to 150 hours per year, giving working parents coverage in cases when their regular childcare arrangements fall through.
Another standout investment includes how Microsoft supports new parents with generous parental leave benefits. All new parents at Microsoft receive 12 weeks of fully paid parental leave. Birth mothers get an additional eight weeks of fully paid maternity disability leave, totaling 20 weeks to bond with their newborns. Recognizing the importance of these benefits for new families, in 2018, Microsoft announced that it would require its suppliers to also offer paid parental leave. Under this policy, suppliers must provide their employees with at least 12 weeks of parental leave, paying up to $1,000 per week.
Overall JUST Capital Rank: 10
VMware’s investment in employees starts with disclosing a highly detailed PTO policy, offering 15 days for new employees and up to 25 days for employees with 10-plus years of experience within the company.
The company also publishes the results of its pay equity analysis and discloses the ethnic and gender breakdown of its workforce, revealing that 23.9% of its leaders are women.
VMware scores well for paying its employees a fair wage based on job level, qualifications, and experience, and paying them a living wage that covers the local costs of basic needs.
Overall JUST Capital Rank: 14
Workday commits to having a positive workplace culture, offering dependent care and back up childcare support and opening a health and wellness facility at the company’s headquarters.
Workday also provides workers with a good benefits package and supports work-life balance by offering paid parental leave and unlimited vacation days.
As part of Workday’s commitment to pay equity, the company conducts a pay equity analysis annually and enables its customers to conduct their own pay equity analyses through the Workday platform.
Industry: Commercial Support Services
Overall JUST Capital Rank: 8
Paypal joins the ranks of Salesforce and Microsoft as part of the 4% of companies in the Russell 1000 that publicly shares its EEO-1 Survey, giving the highest level of disclosure on its workforce demographics. To continue improving on diversity and inclusion, in 2018 the company rolled out a new diverse hiring policy, mandating that there must be at least one diverse candidate interviewing for Director-level positions and higher. Additionally, interview panels will require at least one diverse employee.
Paypal shows its continued commitment to building an inclusive company culture by conducting both a gender and ethnicity pay equity analysis and publishing its results. Since 2015, PayPal has made closing pay inequities a continuous process, evaluating pay three times a year, facilitating an in-depth review process, and training managers about unconscious biases.
As part of its enhanced leave benefits, PayPal offers mothers, fathers, same-sex spouses, and domestic partners eight weeks of maternity leave or parental bonding leave at 100% of their base pay. New mothers can coordinate this benefit with Short-Term Disability leave or other state-based programs.
To learn more about what PayPal is doing to invest in employees and more, check out these insights from our first Quarterly JUST Call with PayPal CEO Dan Schulman.
Overall JUST Capital Rank: 12
Intuit commits deeply to parental and gender issues. In 2018, the company retained 75% of women technologists who participated in a program allowing women to return after time away to have a family. Meanwhile, Intuit offers 12 weeks of paid parental leave for both women and men, paid time off for domestic violence, and four weeks of paid time away to provide care for a family member. Additionally, Intuit publishes its sexual harassment policy.
Intuit is another standout company that publishes its EEO-1 Survey, which shares detailed demographic information about its workers. Intuit discloses that 12% of its workforce is currently comprised of Black, Latinx, and Native American employees, showing that the company has a way to go in achieving full representation.
Intuit also offers quality retirement planning, as measured by Brightscope, and generous paid vacation time for its workers, ranging from three weeks for employees with less than two years at the organization up to six weeks for employees with over 15 years of seniority.
Overall JUST Capital Rank: 149
Facebook makes extraordinary efforts to create a diverse workforce. In addition to releasing its full EEO-1 report, Facebook has a strong pipeline for diverse talent, including a computer science program for veterans and several engineering education initiatives.
Facebook also offers excellent benefits for new parents in its workforce, including 16 weeks of gender-neutral paid parental leave, adoption assistance, subsidized daycare, and $4,000 of cash to help cover new baby expenses.
The internet company has an extensive, standalone harassment policy that mandates anti-harassment training for all managers and supervisors to ensure that all employees report to someone who can effectively prevent and respond to unlawful harassment.
Overall JUST Capital Rank: 6
Alphabet, the parent company of Google, provides a strong benefits package to employees, including 18 weeks of paid parental leave, regardless of gender. Among companies we evaluate, only 12% offer gender parity in their paid parental leave policies.
Alphabet also offers work-life balance through its flexible work options and free on-site daycare center.
The company is also committed to gender issues. In 2018, Alphabet achieved gender pay parity, based on an analysis that included 91% of its workers. Additionally, the company updated its sexual harassment policy to make arbitration optional for individual sexual harassment and sexual assault claims, and employees’ performance reviews are negatively impacted upon failure to complete mandatory sexual harassment training.
10. Hubspot, Inc.
Overall JUST Capital Rank: 96
Hubspot is committed to building a culture of “flexibility, learning, and belonging” to help employees be their best inside and outside of work. Some of the ways they do this include an unlimited vacation policy, remote work opportunities, and 16 weeks paid leave to primary caregivers and 6 weeks to secondary caregivers. Additionally, employees get a four-week paid sabbatical after five years with the company.
Hubspot is deeply committed to providing career advancement, skills development, and educational attainment opportunities for its workers. Employees get the equivalent of $5,000 a year to spend on education, along with the chance to participate in the company’s ongoing learning opportunities like the Free Books Program or the Learn@HubSpot online platform.
Finally, Hubspot scores well for paying its employees a living wage that covers the local costs of basic needs and for creating a transparent and supportive workplace culture with open communication.
Want to see which companies are just beyond the top 10 for Workers? Check out the full list here. And to stay up to date on all the latest moves companies are making to prioritize workers, customers, the environment, and more, sign up for our free weekly newsletter, The JUST Report, today!