Industry Challenges Aren’t Why Workers Are Quitting
Oakland, California
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September 07, 2022 07:00 AM Eastern Daylight Time
Your industry has little to do with whether you can offer an employee experience that outshines the competition.
Organizations on this year’s Fortune Best Workplaces lists across 11 industries in 2022 show that companies that prioritize their people can offer better outcomes for workers no matter which industry they’re in.
“Great leaders understand that the responsibility to inspire and engage their people is on them —and only them,” says Michael C. Bush, CEO of Great Place To Work®. “I know it’s easy to blame the industry and not your company, but try not to. We can do better for our people, and there’s nothing preventing any company from doing just that.”
Workers at the Fortune Best Workplaces in Health Care report nearly identical levels of meaningful work as those at winning technology companies at 90% and 86%, respectively. Those levels drop to 62% in tech and 59% in health care at typical workplaces, according to a Great Place To Work survey of nearly 4,200 U.S. employees.
The average tech company offers one of the most positive experiences among typical workplaces — 72% of employees on average report that theirs is a “great place to work.” The Fortune Best Workplaces in Construction surpass those scores — 94% of employees report having a great place to work.
Great Place To Work determined the Best Workplaces lists by analyzing data from nearly 1 million employees at qualifying companies in 11 industries:
- Manufacturing & Production
- Health Care
- Consulting & Professional Services
- Financial Services & Insurance
- Advertising & Marketing
- Retail
- Aging Services
- Real Estate
- Construction
- BioPharma
- Technology
Purpose drives retention in every industry
Meaningful work — the belief that one’s work is “not just a job” — is a key indicator of retention in all 11 industries surveyed. Despite evidence that some industries are losing talent, meaningful work doubles an employee’s intent to stay in their job long-term.
Take the retail sector:
• 38% of employees at a typical retail workplace report meaningful work.
• 79% of employees at the Fortune Best Workplaces in Retail report meaningful work.
• Retail employees who report meaningful work are three to five times as likely to stay in their role.
Industry is no excuse for poor well-being.
It’s too easy to believe some industries can’t offer work-life balance, healthy work lifestyles or flexible work options. The Best Workplaces prove this assumption wrong.
For the typical health care organization, only 55% of employees report being encouraged to find a healthy work-life balance. At the Best Workplaces in Health Care, that percentage jumps to 87%.
Visuals available: GPTW Best Workplaces by Industry Lists 2022
About the Fortune Best Workplaces by Industry
Great Place to Work® selected the Best Workplaces™ for each of the 11 industries in 2022 based on feedback collected from nearly 1 million employee responses from qualifying Great Place To Work Certified™ organizations in the United States. Company rankings are derived from 60 employee experience questions within the Great Place to Work Trust Index™ Survey. Read the full methodology for all 11 lists.
To get on this list next year, start here.
About Great Place To Work®
Great Place To Work® is the global authority on workplace culture. Since 1992, it has surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Its employee survey platform empowers leaders with the feedback, real-time reporting and insights they need to make data-driven people decisions. Everything it does is driven by its mission to build a better world by helping every organization become a great place to work for all.
Learn more at greatplacetowork.com and on LinkedIn, Twitter, Facebook, and Instagram.
Contact Details
Great Place To Work
Kim Peters
+1 415-844-2574
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