Markets
Ranked: America’s Best Places to Work in 2023
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 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
#1 | Bain & Company | HubSpot | Bain & Company | NVIDIA | Gainsight |
#2 | Zoom Video Communications | Bain & Company | NVIDIA | HubSpot | Box |
#3 | In-N-Out Burger | DocuSign | In-N-Out Burger | Bain & Company | Bain & Company |
#4 | Procore Technologies | In-N-Out Burger | HubSpot | eXp Realty | McKinsey & Company |
#5 | Boston Consulting Group | Sammons Financial Group Companies | McKinsey & Company | Box | NVIDIA |
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.
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.
Markets
Mapped: The Growth in House Prices by Country
Global house prices were resilient in 2022, rising 6%. We compare nominal and real price growth by country as interest rates surged.

Mapped: The Growth in House Prices by Country
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Global housing prices rose an average of 6% annually, between Q4 2021 and Q4 2022.
In real terms that take inflation into account, prices actually fell 2% for the first decline in 12 years. Despite a surge in interest rates and mortgage costs, housing markets were noticeably stable. Real prices remain 7% above pre-pandemic levels.
In this graphic, we show the change in residential property prices with data from the Bank for International Settlements (BIS).
The Growth in House Prices, Ranked
The following dataset from the BIS covers nominal and real house price growth across 58 countries and regions as of the fourth quarter of 2022:
Price Growth Rank | Country / Region | Nominal Year-over-Year Change (%) | Real Year-over-Year Change (%) |
---|---|---|---|
1 | 🇹🇷 Türkiye | 167.9 | 51.0 |
2 | 🇷🇸 Serbia | 23.1 | 7.0 |
3 | 🇷🇺 Russia | 23.1 | 9.7 |
4 | 🇲🇰 North Macedonia | 20.6 | 1.0 |
5 | 🇮🇸 Iceland | 20.3 | 9.9 |
6 | 🇭🇷 Croatia | 17.3 | 3.6 |
7 | 🇪🇪 Estonia | 16.9 | -3.0 |
8 | 🇮🇱 Israel | 16.8 | 11.0 |
9 | 🇭🇺 Hungary | 16.5 | -5.1 |
10 | 🇱🇹 Lithuania | 16.0 | -5.5 |
11 | 🇸🇮 Slovenia | 15.4 | 4.2 |
12 | 🇧🇬 Bulgaria | 13.4 | -3.2 |
13 | 🇬🇷 Greece | 12.2 | 3.7 |
14 | 🇵🇹 Portugal | 11.3 | 1.3 |
15 | 🇬🇧 United Kingdom | 10.0 | -0.7 |
16 | 🇸🇰 Slovak Republic | 9.7 | -4.8 |
17 | 🇦🇪 United Arab Emirates | 9.6 | 2.9 |
18 | 🇵🇱 Poland | 9.3 | -6.9 |
19 | 🇱🇻 Latvia | 9.1 | -10.2 |
20 | 🇸🇬 Singapore | 8.6 | 1.9 |
21 | 🇮🇪 Ireland | 8.6 | -0.2 |
22 | 🇨🇱 Chile | 8.2 | -3.0 |
23 | 🇯🇵 Japan | 7.9 | 3.9 |
24 | 🇲🇽 Mexico | 7.9 | -0.1 |
25 | 🇵🇭 Philippines | 7.7 | -0.2 |
26 | 🇺🇸 United States | 7.1 | 0.0 |
27 | 🇨🇿 Czechia | 6.9 | -7.6 |
28 | 🇷🇴 Romania | 6.7 | -7.5 |
29 | 🇲🇹 Malta | 6.3 | -0.7 |
30 | 🇨🇾 Cyprus | 6.3 | -2.9 |
31 | 🇨🇴 Colombia | 6.3 | -5.6 |
32 | 🇱🇺 Luxembourg | 5.6 | -0.5 |
33 | 🇪🇸 Spain | 5.5 | -1.1 |
34 | 🇨🇭 Switzerland | 5.4 | 2.4 |
35 | 🇳🇱 Netherlands | 5.4 | -5.3 |
36 | 🇦🇹 Austria | 5.2 | -4.8 |
37 | 🇫🇷 France | 4.8 | -1.2 |
38 | 🇧🇪 Belgium | 4.7 | -5.7 |
39 | 🇹🇭 Thailand | 4.7 | -1.1 |
40 | 🇿🇦 South Africa | 3.1 | -4.0 |
41 | 🇮🇳 India | 2.8 | -3.1 |
42 | 🇮🇹 Italy | 2.8 | -8.0 |
43 | 🇳🇴 Norway | 2.6 | -3.8 |
44 | 🇮🇩 Indonesia | 2.0 | -3.4 |
45 | 🇵🇪 Peru | 1.5 | -6.3 |
46 | 🇲🇾 Malaysia | 1.2 | -2.6 |
47 | 🇰🇷 South Korea | -0.1 | -5.0 |
48 | 🇲🇦 Morocco | -0.1 | -7.7 |
49 | 🇧🇷 Brazil | -0.1 | -5.8 |
50 | 🇫🇮 Finland | -2.3 | -10.2 |
51 | 🇩🇰 Denmark | -2.4 | -10.6 |
52 | 🇦🇺 Australia | -3.2 | -10.2 |
53 | 🇩🇪 Germany | -3.6 | -12.1 |
54 | 🇸🇪 Sweden | -3.7 | -13.7 |
55 | 🇨🇳 China | -3.7 | -5.4 |
56 | 🇨🇦 Canada | -3.8 | -9.8 |
57 | 🇳🇿 New Zealand | -10.4 | -16.5 |
58 | 🇭🇰 Hong Kong SAR | -13.5 | -15.1 |
Türkiye’s property prices jumped the highest globally, at nearly 168% amid soaring inflation.
Real estate demand has increased alongside declining interest rates. The government drastically cut interest rates from 19% in late 2021 to 8.5% to support a weakening economy.
Many European countries saw some of the highest price growth in nominal terms. A strong labor market and low interest rates pushed up prices, even as mortgage rates broadly doubled across the continent. For real price growth, most countries were in negative territory—notably Sweden, Germany, and Denmark.
Nominal U.S. housing prices grew just over 7%, while real price growth halted to 0%. Prices have remained elevated given the stubbornly low supply of inventory. In fact, residential prices remain 45% above pre-pandemic levels.
How Do Interest Rates Impact Property Markets?
Global house prices boomed during the pandemic as central banks cut interest rates to prop up economies.
Now, rates have returned to levels last seen before the Global Financial Crisis. On average, rates have increased four percentage points in many major economies. Roughly three-quarters of the countries in the BIS dataset witnessed negative year-over-year real house price growth as of the fourth quarter of 2022.
Interest rates have a large impact on property prices. Cross-country evidence shows that for every one percentage point increase in real interest rates, the growth rate of housing prices tends to fall by about two percentage points.
When Will Housing Prices Fall?
The rise in U.S. interest rates has been counteracted by homeowners being reluctant to sell so they can keep their low mortgage rates. As a result, it is keeping inventory low and prices high. Homeowners can’t sell and keep their low mortgage rates unless they meet strict conditions on a new property.
Additionally, several other factors impact price dynamics. Construction costs, income growth, labor shortages, and population growth all play a role.
With a strong labor market continuing through 2023, stable incomes may help stave off prices from falling. On the other hand, buyers with floating-rate mortgages face steeper costs and may be unable to afford new rates. This could increase housing supply in the market, potentially leading to lower prices.
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