American Opportunity Index

At which companies do workers stay the longest? The 2024 American Opportunity Index assesses how well large firms retain their employees. Nearly 100 companies are leading the way. See who they are at?https://lnkd.in/gMir6HtG Where you work matters.

Want to get ahead? Not every company offers the same opportunities. More than half of the companies on the Index decreased promotion opportunities over the past year. But there are firms across all sectors bucking that trend. We also found that companies in the building-and-construction, auto manufacturing, chemicals, freight-and-logistics, and packaging industries are among the best at giving workers promotions. Where you work matters.

While most companies on the 2024 American Opportunity Index did not increase hiring of early career and non-college workers in 2023, healthcare is leading the way in creating first jobs. Banking, credit services, entertainment and information-technology services also performed better than others at hiring people into first jobs. Companies in the top-100 of the Hiring metric are?significantly outperforming their competitors.?

Where you work can have a significant impact on your long-term financial success. That’s just one key insight from the 2024 American Opportunity Index. Workers at companies in the top 100 Pay metric can earn up to 130% more than workers at the bottom of the Pay metric in the same roles.?

Where you work can have a significant impact on your long-term financial success.? ?? Employees at the 100-best firms on the Index’s pay metric earn, on average, 2.3 times more for the same job than those who work for bottom 100 pay firms. ?? Those at top 100 firms for the internal promotion metric are 2.5 times more likely to be promoted than their counterparts at bottom-100 firms. ?? Top 100 employers in hiring are?2.8 times?more likely to hire workers without a college degree, creating greater opportunity for entry level workers. See which companies are creating opportunities for their employees:?https://lnkd.in/gX7UJBHz?

Investing in your people is an investment into your company’s future.

In my four decades at Starbucks, I enjoyed meeting managers—across the country and in our Seattle Support Center—who started their Partner journey as baristas. They climbed a ladder of opportunity, often learning new skills and stretching themselves as they rose to new roles. Creating those pathways has long been a part of our secret sauce: When those in positions of leadership have walked in the shoes of those on the front lines, they are often better managers. ? That’s also what I see at Grainger, the industrial-supply company that tops this year’s American Opportunity Index, a groundbreaking ranking of how well large employers are creating genuine opportunity for their workers. The Index is different from every other best-place-to-work list because it is based on studying what really happened to more than 5 million workers over five years.? ? “For recent grads and job seekers, the list can serve as a field guide,” this great Bloomberg story about Grainger notes, “while for employers, the AOI shows the payoff of investing in employees, especially as?hiring?cools,?layoffs?continue and companies?dial back?diversity initiatives.” ? Grainger has cracked the code on moving people up and creating opportunity. I urge you to check out this article, which is available outside Bloomberg’s paywall today. https://lnkd.in/g6KCGGyZ

We have just released the 2024?American Opportunity Index, revealing which large U.S. companies are doing the best to advance the careers of their employees and grow the middle class in an evolving labor market. This year’s Index finds that many firms beyond the technology and financial-services industries, including those in the energy and resource-related sectors, are succeeding at providing pathways to opportunity for workers. Overall, companies from more than 30 sectors are represented in the Index’s Top 100 Employers of Choice list. ? The Index shows that where you work matters: Employees at the 100-best firms on the Index’s pay metric can earn up to 130% more for the same job than those at bottom-100 firms.? Congratulations to the companies topping this year’s list:?Grainger,?Costco Wholesale,?Capital One,?Meta,?ServiceNow,?J.B. Hunt Transport Services, Inc.,?The Coca-Cola Company,?PepsiCo,?MetLife, and Bank of America. ? The Index is a project in the public interest from?the?Schultz Family Foundation,?The Burning Glass Institute, and Harvard Business School’s?Project on Managing the Future of Work.??

Our research has found that 92% of workers care deeply about growth and access to learning opportunities. But where a young person starts their career can be an indicator of whether or not they will have access to those opportunities.? ? See which large companies are doing the best at moving people up and creating economic opportunity:?https://lnkd.in/gAZs2MCx

At Starbucks, employee development is a core value. The Starbucks College Achievement Plan, employees can earn a bachelor’s degree online from Arizona State University with 100% tuition coverage. Since the program began, 10,000 employees have graduated. This commitment to development and upskilling is one reason why Starbucks earned a spot in the top 10 of the 2024 Best Places for High School Graduates to Start a Career list. Explore the full list: https://lnkd.in/ggBS5bDg Learn more about why Starbucks made the list: https://lnkd.in/gY9FpiFu