The typical workplace is getting better for women, but there’s still a big gap between the typical American workplace and companies that offer a top-notch experience.
By 2023, more women working in typical workplaces will have fair pay, fair promotions, mentally healthy workplaces and meaningful work, according to a survey. Great Place to Work® Market research of 4,400 employees in the United States
This result may be due to increased workplace flexibility in the post-pandemic era, with the gender gap narrowing to record low Used to measure female labor force participation rate. However, the incremental gains for women in typical workplaces are dwarfed by the benefits women gain when working in high-trust workplaces.
ideal place to work More than 600,000 survey responses from employees at Great Place To Work Certified™ companies were analyzed to determine Fortune’s 2023 Best Workplaces for Women list.
On the list of big companies, Hilton ranks first this year:
1. Hilton
2. Marriott International Hotel
3. Cisco Systems, Inc.
4. Aya Healthcare
5. East West Bank
For the small and medium-sized businesses on the list, Roth Staffing Companies moved up from third to first this year:
1. Ross Talent Dispatch Company
2. Highlight Technology
3. Paramount Software Solutions
4.Cribble
5. Basic technology
For companies on the list, a higher proportion of women said they received fair pay, fair promotions and a mentally and emotionally healthy workplace. This gap suggests that while increased flexibility will make the post-pandemic workplace better for many women, there is a long gap between the marginal improvements women experience in typical workplaces and what women experience in healthy, high-trust cultures. Big difference.
“The best companies offer women greater flexibility, fair pay and career support, and these women are more likely to thrive and stay at their companies long-term than in other workplaces,” CEO of Great Place To Work Michael C. Bush said. “These companies ensure that these great talent practices are extended to everyone, and this rising tide will benefit everyone. They trust that these companies will implement technology that can continuously monitor their needs and ensure that equity adjustments are not a one-time event .”
How to support women at work
What lessons can lead to a better workplace for women? Here are some of the ways the best companies help women thrive:
1. Provide fair wages and promotions
The best companies conduct transparent pay audits while helping managers have constructive conversations with employees about pay issues.Pay equity it does not mean Best Places to Work™ ensures everyone is empowered to discuss total rewards, from salary and bonus plans to benefits and stock options.
It’s also important that employees are recognized for their efforts. When managers express appreciation for employees’ hard work, women are 70% more likely to say their pay is fair.
Recognition is not a substitute for fair pay, but a key element of a high-trust culture. When companies set clear expectations and then reward and celebrate employees for meeting those expectations, employees are more likely to feel that their managers understand and value their contributions to the organization.
2. Support mental and emotional health
At Best Places to Work, 87% of women report having a mentally and emotionally healthy workplace, compared to just 55% at the typical American company. When a balance of work-life responsibilities was encouraged, men and women at winning companies were more than twice as likely to report mental health conditions.
However, flexible working policies can be compromised by poor management. A UKG study found that managers have Great impact on employee mental health Than a doctor or therapist.
Whether men or women, employees are more likely to report positive mental health when they say their managers are approachable. The best companies invest heavily in managers, ensuring leaders receive training and resources to support the mental health of their employees.
3. Make sure your work is meaningful
In successful workplaces, more women (90%) believe they can “make a difference” in the workplace than women in typical companies (70%).Meaningful work matters Drivers of retention for all employees and has a positive impact on innovation.
The best places to work ensure employees feel like they are involved as strategic partners in the decision-making process, helping each employee feel connected to the organization’s higher purpose. When managers involve men and women in decisions that affect their jobs, men and women are 30% more likely to find their jobs meaningful.
The results for both men and women highlight one of the more interesting findings in this year’s list: The Best Workplaces for Women provide superior experiences for men in the same organization. It turns out that helping women thrive at work also helps every employee have a better experience.
Ted Kitterman is content manager at Great Place To Work.
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