Employees At These Large Companies Are Most Satisfied With Their Pay Packages: Meta, Alphabet (Google) Slipped In The Rankings

Several tech companies scored well on a recent analysis of employee satisfaction regarding compensation, but none of the usual mega-cap suspects made the top 10. 

What To Know: Many tech companies, especially cybersecurity firms, performed well on compensation analysis from employee reviews site Comparably.

The rankings are derived from worker sentiment from August 2022 to August 2023 based on a series of questions surrounding feeling paid fairly, raise frequency, benefit packages, annual bonuses and stock-based compensation.

Being paid competitively compared to the broader market and feeling paid fairly versus colleagues are two strong contributing factors to overall employee sentiment, per CNBC.

Here's a look at the top 20 large companies where employees are happiest with their current pay package. 

1. Workday Inc (NASDAQ: WDAY) 
2. Boston Consulting Group
3. Uber Technologies Inc (NYSE: UBER)
4. Adobe Inc (NASDAQ: ADBE)
5. Calix Inc (NYSE: CALX) 
6. Proofpoint
7. Maplebear Inc (NASDAQ: CART)
8. Chegg Inc (NYSE: CHGG)
9. Palo Alto Networks Inc (NASDAQ: PANW)
10. SAP SE (NYSE: SAP)
11. AT&T Inc (NYSE: T) 
12. Experian
13. Meta Platforms Inc (NASDAQ: META)
14. Alphabet Inc (NASDAQ: GOOG)
15. Squarespace Inc (NYSE: SQSP)
16. Microsoft Corp (NASDAQ: MSFT) 
17. Vista
18. DataArt
19. Elastic
20. Trimble

Meta and Alphabet were ranked in the top 10 last year, but they saw a significant drop in this year's rankings. Meta has deemed 2023 the "year of efficiency" and Alphabet has reportedly been cutting back on perks and amenities throughout the year. 

Of the companies that ranked highest on the list, many employees highlighted strong benefits packages and pay transparency. 

Chad Herring, chief human resources officer at Comparably parent company ZoomInfo, noted transparency goes a long way for how an employee views their employer. Pay transparency and equitable pay practices meaningfully contribute to worker sentiment, he said. 

"Employees overwhelmingly respond to employers being proactive about those elements of their business," Herring said. 

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Photo: RAEng_Publications from Pixabay.