Guess I’m not the only one who is a bit surprised to see Facebook land the No. 1 spot on Glassdoor’s 2013 Top 50 Best Places to Work list, released earlier today. You can include Glassdoor CEO Robert Hohman in that group, too.
As I’m sure you already know, Facebook has had some tough sledding since going public in May. Yesterday, FB closed around $27.87, more than $10 below its opening IPO price. It’s no secret that many on Wall Street have questioned whether founder, CEO and Chairman Mark Zuckerberg has what it takes to lead the now publicly traded company.
Evidently, Facebook employees, despite the company’s troubles, are more satisfied with their employer, and its leader, than ever.
When I asked Hohman for his thoughts on the reasons behind Facebook’s strong ratings, he posited that Zuckerberg has used the company’s Wall Street troubles to “galvanize the internal troops.” Today, he says, they have more faith in Zuckerberg than ever. In fact, Glassdoor reports that Zuckerberg’s approval ratings jumped from 90 percent to 99 percent over the past year.
“I think he [Zuckerberg] deserves a lot of credit for turning this external pressure into motivation for the workforce,” he says.
In addition to their trust in their CEO, Facebook employees also commented favorably on their ability to impact a billion people, the company’s continued commitment to its unique culture, and the great perks and benefits that enable them to balance work and their personal lives. No doubt some of these have a hand as to why tech companies tend to dominate the list, with this year 20 out of the 50 coming from that sector.
(For more on Facebook’s practices, check out the following video feature Facebook Vice President of People and HR Lori Goler.)
In case you’re wondering, McKinsey & Co., Riverbed Technology, Bain & Co. and MD Anderson Cancer Center filled out the list’s top five.
It’s also worth noting that, for the first time ever, a fast-food restaurant chain not only made the list, but cracked the top 10 at No. 9. And perhaps not coincidentally, it just so happened to be one of my few favorites: In-N-Out Burger (based in the west and Southwest). Among other things, Hohman says, employees at In-N-Out have great things to say about the company’s flexible work hours, fair pay (compared to others in that sector) and, yes, the free food they’re entitled to.