22 of the best companies to work for spare no expense to secure top talent
Facebook/Mark Zuckerberg
When analyzing how well a company pays, salary figures alone don't tell the whole story. Instead, it's important to note how well a company pays compared to competitors in the same industry.
Business Insider recently released its list of the 50 best companies to work for in America in partnership with compensation software and data company PayScale. The ranking took six factors into account: high job satisfaction, low job stress, ability to telecommute, high job meaning, experienced median pay (for employees with at least five years of experience), and whether a company pays above or below market price for their employees. (You can read the full methodology here.)
The last factor — also referred to as the salary delta — is reflected as a percentage showing how much more or less a company pays compared with their industry. A larger percentage means the employer pays a high premium for talent, and conversely a negative percentage would indicate employees are underpaid.
We reranked the list based on this metric to find great places to work where employees are compensated well above market value — a premium of at least 10% — breaking any ties using the company's experienced median pay.
With a salary delta of 25%, social media giant Facebook topped the list, followed by Microsoft and Salesforce.com in second and third.
Keep reading to see the 22 best companies to work for who pay a premium to attract the best employees.
22. 3M
3M/FacebookHeadquarters: Maplewood, Minnesota
Experienced median pay: $85,100
Salary delta: 10%
Nearly 90,000 employees are dedicated to this industrial conglomerate's five diverse business groups: consumer, electronics and energy, healthcare, industrial, and safety and graphics. The company also offers a bevy of benefits, including on-site fitness centers, stress-management coaching, and an on-site pharmacy and medical center.
21. Intel
Ethan Miller/ Getty ImagesHeadquarters: Santa Clara, California
Experienced median pay: $118,000
Salary delta: 10%
Intel wants every employee to build the career of their dreams, and it helps them do it by providing access to career advisers, networking events, certifications, and tuition assistance. Outside of the workday, employees at the semiconductor and computer-technology company enjoy perks such as on-site fitness centers, tickets to local sporting and cultural events, and discounted shopping programs.
20. NetApp
Facebook/NetAppHeadquarters: Sunnyvale, California
Experienced median pay: $129,000
Salary delta: 10%
NetApp, a data-storage and cloud-management company, has a slew of employee benefits that have become typical of tech companies competing for top talent, including gourmet food and on-site fitness centers, as well as coworker training programs and time off to volunteer.
Senior software engineers draw the largest salaries at NetApp, pulling in $145,000 on average, followed closely by senior product managers, who make $143,000, according to PayScale.
See the rest of the story at Business Insider