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Fortune names 10 hospitals, health systems as 'Best Companies to Work For'

By Kent Hamaker posted 02-15-2018 16:02

  

Fortune has named 10 hospitals and health systems to its 2018 list of the "Best Companies to Work For," and all are Advisory Board members.

New methodology

Since 1998, Fortune and Great Places to Work have partnered to develop the annual rankings. The rankings are based on survey responses from more than 315,000 employees in over 50 countries on questions about workplace culture and what makes employees "love the work they do," according to Fortune and Great Places to Work. Researchers also review companies' benefits, training and development, and philanthropic efforts.

After changing the methodology only minimally over the last two decades, researchers made significant revisions for the 2018 rankings to account for changes in the way "we do business—and work." Previously, the rankings focused on trust, pride, and camaraderie. The latest rankings are based on six metrics: values, innovation, financial growth, leadership effectiveness, maximizing human potential, and trust. According to Fortune and Great Places to Work, key to the "new approach is Maximizing Human Potential: We now assess how well companies create a consistently positive experience for all employees, no matter who they are or what they do for the organization."

Fortune and Great Places to Work noted that a separate study assessing these changes to the methodology found that "organizations scoring highest using our new 'For All' methodology grew their revenue about 10% faster over the same period than [did] the companies that scored best according to our old methodology."

Read more HERE

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