Google Inc. (NASDAQ: GOOG) topped all companies in terms of best pay and benefits in a new survey by online jobs site Glassdoor. It adds to Google’s prime spot on a long list of “best places to work,” “highest paid jobs” and all round best company in the world.
According to Glassdoor’s Top 25 Companies for Compensation & Benefits (2014):
Google takes the #1 spot with a 4.4 compensation & benefits rating. Costco (4.4), the only retailer on the list, comes in at #2 followed by Facebook (4.3). Rounding out the top five are Adobe (4.2) and Epic Systems (4.2).
And the ratings system:
As part of Glassdoor’s company review survey, employees are asked to rate the compensation & benefits at their companies on a 5-point scale: 1.0=very dissatisfied, 3.0=OK, 5.0=very satisfied.
The list was thick with tech and biotech companies, including Salesforce.com Inc. (NASDAQ: CRM), Intuit Inc. (NASDAQ: INTU), Qualcomm Inc. (NASDAQ: QCOM), Microsoft Corp. (NASDAQ: MSFT), VMWare Inc. (NYSE: VMW) and Amgen Inc. (NASDAQ: AMGN). The list included two telecom companies: Verizon Communications Inc. (NYSE: VZ) and T-Mobile US Inc. (NYSE: TMUS).
The reason the tech and biotech companies are so well represented is likely because they have large engineering staffs, which tend to command high pay.
Glassdoor’s research also showed that most companies do not rate anywhere close to their top 25:
A recent Glassdoor survey found that 2 in 5 (39%) employees do not believe they receive fair pay.
Since Glassdoor’s employee evaluations include tens of thousands of companies, that conclusion should come as no surprise.