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Ranked: America’s Best Places to Work in 2023

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Ranking America’s Best Places to Work

What better way to know more about a company’s work culture than to hear from those who’ve already been on the inside?

In the above graphic, we dissect how America’s top employers have changed over the last five years based on employee reviews on Glassdoor, a website that allows current and former employees to anonymously review their employers on things like company culture, pay, benefits, diversity, and more.

Tech Fares Best

Despite widescale layoffs in 2022, technology companies made up more than 40% of Glassdoor’s Best Places to Work list in 2023. Gainsight, a customer success software company founded in 2009, entered the top 15 ranking for the first time in five years and took the number one spot as the year’s best employer.

The dominance of technology companies in Glassdoor’s Best Places to Work list is nothing new, though. Companies like HubSpot and NVIDIA are staples on the list, with consistent praise from their employees when it comes to pay, benefits, leadership, and career growth.

Rank 20192020202120222023
#1Bain & CompanyHubSpotBain & CompanyNVIDIAGainsight
#2Zoom Video CommunicationsBain & CompanyNVIDIAHubSpotBox
#3In-N-Out BurgerDocuSignIn-N-Out BurgerBain & CompanyBain & Company
#4Procore TechnologiesIn-N-Out BurgerHubSpoteXp RealtyMcKinsey & Company
#5Boston Consulting GroupSammons Financial Group CompaniesMcKinsey & CompanyBoxNVIDIA

While tech tends to be popular among employees, the industry isn’t the end-all-be-all when it comes to good employee reviews.

Take Bain & Company, a management consulting firm with over 10,000 employees, that’s been consistently ranking in the top three over the last five years. Or look at fast-food chain In-N-Out Burger, whose employees consistently rave about good pay and schedule flexibility in anonymous Glassdoor reviews, making the company one of America’s top 20 employers since 2015.

Analyzing Ranking by Company

Diving into the ranking by company can also give us a good understanding of how some of the giants compare to others in the field.

Best employers ranked by company

Looking at the above visual, you might notice that two regular winners, Apple and Meta, did not make the top 100 this year. Salesforce’s ranking also fell below the top 50 for the first time since 2015, coming in at #75. While tech fared relatively well in 2023, these companies tumbled down and off the list, making way for smaller tech companies like Gainsight, Box, and MathWorks.

As the global economy faces uncertainty in 2023, it’ll be interesting to observe how these companies fare in terms of employee satisfaction. Against the backdrop of layoffs and slower economic growth, how leadership navigates hard conversations and steps up for their employees may be very telling, potentially resulting in a completely different makeup of the list in 2024.

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Economy

Economic Growth Forecasts for G7 and BRICS Countries in 2024

The IMF has released its economic growth forecasts for 2024. How do the G7 and BRICS countries compare?

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Faded horizontal bar chart visualization of G7 and BRICS countries' real GDP growth forecasts for 2024.

G7 & BRICS Real GDP Growth Forecasts for 2024

The International Monetary Fund’s (IMF) has released its real gross domestic product (GDP) growth forecasts for 2024, and while global growth is projected to stay steady at 3.2%, various major nations are seeing declining forecasts.

This chart visualizes the 2024 real GDP growth forecasts using data from the IMF’s 2024 World Economic Outlook for G7 and BRICS member nations along with Saudi Arabia, which is still considering an invitation to join the bloc.

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Mixed Economic Growth Prospects for Major Nations in 2024

Economic growth projections by the IMF for major nations are mixed, with the majority of G7 and BRICS countries forecasted to have slower growth in 2024 compared to 2023.

Only three BRICS-invited or member countries, Saudi Arabia, the UAE, and South Africa, have higher projected real GDP growth rates in 2024 than last year.

GroupCountryReal GDP Growth (2023)Real GDP Growth (2024P)
G7🇺🇸 U.S.2.5%2.7%
G7🇨🇦 Canada1.1%1.2%
G7🇯🇵 Japan1.9%0.9%
G7🇫🇷 France0.9%0.7%
G7🇮🇹 Italy0.9%0.7%
G7🇬🇧 UK0.1%0.5%
G7🇩🇪 Germany-0.3%0.2%
BRICS🇮🇳 India7.8%6.8%
BRICS🇨🇳 China5.2%4.6%
BRICS🇦🇪 UAE3.4%3.5%
BRICS🇮🇷 Iran4.7%3.3%
BRICS🇷🇺 Russia3.6%3.2%
BRICS🇪🇬 Egypt3.8%3.0%
BRICS-invited🇸🇦 Saudi Arabia-0.8%2.6%
BRICS🇧🇷 Brazil2.9%2.2%
BRICS🇿🇦 South Africa0.6%0.9%
BRICS🇪🇹 Ethiopia7.2%6.2%
🌍 World3.2%3.2%

China and India are forecasted to maintain relatively high growth rates in 2024 at 4.6% and 6.8% respectively, but compared to the previous year, China is growing 0.6 percentage points slower while India is an entire percentage point slower.

On the other hand, four G7 nations are set to grow faster than last year, which includes Germany making its comeback from its negative real GDP growth of -0.3% in 2023.

Faster Growth for BRICS than G7 Nations

Despite mostly lower growth forecasts in 2024 compared to 2023, BRICS nations still have a significantly higher average growth forecast at 3.6% compared to the G7 average of 1%.

While the G7 countries’ combined GDP is around $15 trillion greater than the BRICS nations, with continued higher growth rates and the potential to add more members, BRICS looks likely to overtake the G7 in economic size within two decades.

BRICS Expansion Stutters Before October 2024 Summit

BRICS’ recent expansion has stuttered slightly, as Argentina’s newly-elected president Javier Milei declined its invitation and Saudi Arabia clarified that the country is still considering its invitation and has not joined BRICS yet.

Even with these initial growing pains, South Africa’s Foreign Minister Naledi Pandor told reporters in February that 34 different countries have submitted applications to join the growing BRICS bloc.

Any changes to the group are likely to be announced leading up to or at the 2024 BRICS summit which takes place October 22-24 in Kazan, Russia.

Get the Full Analysis of the IMF’s Outlook on VC+

This visual is part of an exclusive special dispatch for VC+ members which breaks down the key takeaways from the IMF’s 2024 World Economic Outlook.

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