The Worst Companies to Work For
These days, employees can easily share their work experiences online, and employee opinions about companies and managers are all readily available to prospective workers and customers alike. As a result, companies face new risks to their reputations. A company known for its poor work environment and treatment of employees may find the poor image can also curb its reputation with customers, hinder its ability to attract new workers, and even hurt its financial performance.
For the fourth consecutive year, 24/7 Wall St. has identified the nation’s worst companies to work for. 24/7 Wall St. analyzed thousands of employee reviews from jobs and career website Glassdoor, which has compiled data on more than 400,000 companies around the world. The worst company ratings ranged from 2.3 to 2.7 out of 5, significantly lower than the 3.2 average company rating on Glassdoor. These are the 12 U.S. companies with the lowest employee ratings.
12. CVS Health (NYSE: CVS)
> Rating: 2.7
> Number of reviews: 4,700
> CEO approval rating: 40%
> Employees: 137,800
> Industry: Drug Retailers
Of the roughly 4,700 reviews posted about the company on Glassdoor, drugstore CVS Health received an average rating of 2.7 out of 5, making it one of the worst employee-reviewed companies in the United States. Employees who submitted reviews commonly complained about stores being understaffed, with managers having unreasonable expectations, and a difficulty in getting tasks done in the time allotted. Employees were likely to be dissatisfied not only with their working conditions, but also with the decisions of the company’s top management. Only 40% approved of the company’s current CEO, Larry Merlo.
While CVS Health employees are less than satisfied with the company and its management, stockholders are likely much happier with management. CVS shares rose roughly 10% so far in 2015. The company also reported earnings growth in each of the past three years.