Samsung holds the throne on Forbes’ list of World’s Best Employers

admin25 October 2023Last Update :
Samsung holds the throne on Forbes

To identify companies that offer a positive work environment, Forbes partnered with market research firm Statista for its seventh annual list of the World’s Best Employers.

Recently, Forbes (via Android titles) revealed the 2023 edition, with Samsung taking first place for the fourth year in a row. The Korean tech giant edged out the rest, with Microsoft in second place, followed by Google’s parent company Alphabet and Apple in fourth place.

Samsung’s consistent reign began in 2020 when it overtook Alphabet and maintained its lead. Alphabet had already topped the charts for three consecutive years.

The ranking is based on surveys of more than 170,000 employees of multinational companies and institutions in 50 countries. Participants were asked whether they would recommend their company to family or friends and were asked to rate employers based on criteria such as talent development, remote work options, parental leave , diversity, work-life balance and pride in the company’s products or services.

Ratings extended to companies in their sector and country. The scores were codified into a system and the top 700 companies made up the final list, covering 43 countries.

Samsung, with a global workforce of 270,372 across all its locations, is the largest employer among the top five. This highlights the company’s success in keeping its employees happy with the facilities and growth opportunities. The Korean company encourages its employees to work on unique product ideas alongside their regular tasks, supporting them financially to bring these ideas to life.

The Forbes World’s Best Employers 2023 list is largely focused on technology. However, notable tech players are lagging behind, with Amazon in 38th place and Meta in 98th.

Another recent study showed that the world’s highest-rated CEOs are also from the tech industry, with NVIDIA CEO Jensen Huang topping the list and Apple CEO Tim Cook coming in fourth. Apparently, in 2023, fourth place is reserved for the Cupertino-based tech giant.