The Fortune 500 Workplace
Here’s what work at some of the world’s biggest companies is really like
Here at Lensa.com, we wanted to investigate what it was like to work at some of the biggest companies there is, and objectively measure the pros and cons of some of these organizations.
To do this, Lensa analyzed Fortune Global 500 companies and recorded the median average employee wage, employee-to-CEO wage ratios, average employee ratings on Glassdoor, and remote work opportunities to reveal which Fortune 500 companies are the best to work for in 2022.
Using some clever math, Lensa was able to calculate a normalized ranking for these companies based on the factors outlined above. Companies scoring higher ranks will generally have higher median salaries, lower employee-to-CEO wage ratios, higher employee ratings, and allow remote work in their organization.
The 50 Best Fortune 500 Companies to Work For
1. HP
Hewlett-Packard, more commonly known as HP, takes the top spot on our list of Fortune 500 companies to work for in 2022. HP offers a very attractive $92,900 median salary and boasts a 4.2-star employee rating on Glassdoor. HP manufactures and sells computer hardware, and has a strong reputation for providing reliable laptops. The technology firm offers many remote opportunities and also has the smallest wage gap between its CEO and employees. Despite this, HP’s CEO still makes an estimated 134 times the average employee wage at HP.
2. Chevron
Headquartered in California, Chevron is an American multinational energy corporation. Active in more than 180 countries, Chevron also offers remote work opportunities to its employees. Chevron is the second-best company to work for on our list, with an average employee wage of $107,000, the third-highest on this list. The CEO makes an estimated 164 times as much, and the company benefits from an average employee rating of 4.1.
3. Merck
Third place for our best Fortune 500 companies to work for in 2022 is Merck, the German multinational science and technology company. Merck offers a generous average salary of $103,000 to its current 57,000 employees and has an average employee rating of 4.2. Merck supplies biotechnology companies, research centers, and academic institutes with new and advanced tools, laboratory supplies, and devices.
4. Cisco Systems
Cisco Systems is an American networking software company specializing in networking hardware and telecommunications. Boasting the highest employee rating of 4.4, only elsewhere achieved by Microsoft, Cisco Systems has a solid spot in our top five best companies to work for in 2022. Cisco also offers the second-highest median salary of $110,000, while the CEO rakes in a salary of 231 times this.
5. Intel
Intel is our second top-five company that is headquartered in California. Intel specializes in technology hardware and has made recent advancements in cloud computing and digital technology. Intel offers an average six-figure salary of $101,000 with Intel’s CEO making over 200 times its employees’ median salary. Offering many remote work opportunities, Intel boasts an employee rating of 4.2 on Glassdoor.
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It is interesting to note that our two highest rated companies by employees, Cisco Systems and Microsoft both rated 4.4, also offer the two highest median employee salaries of $110,000 and $120,000 respectively.
Some of the lowest-paying companies in our top 50 also have lower employee ratings, such as Marathon Petroleum and Wells Fargo, which offer average salaries of around $50,000 and demonstrate employee ratings of 3.7 and 3.6.
Despite this, Exxon Mobil, an international oil and gas company, offers a median six-figure salary of $101,000 despite having an employee rating of 3.4, the lowest in our top 50. It goes to show that money isn’t necessarily the best measure of employee satisfaction.
How to get hired at a Fortune 500 company
All of our top five companies are currently hiring, as are many other Fortune 500 companies, so get over to Lensa now and discover your next career opportunity!
Lensa also provides expert insight into how you can better your chances of getting hired at a Fortune 500 company. From cover letters and resumes to presentation templates, Lensa has you covered. Here are five tips for getting hired in 2022.
Align your job with your passions
Suffering from application burnout or frustration? The motivation to do what you love will help carry you through the long and sometimes stressful time between job offers and rejections.
Clock in and clock out
Treat your job hunt like it’s a part-time job. Clock in and clock out of the process and give yourself permission to focus on other things or enjoy some well-earned rest.
Be part of the community
Online communities and job seeker message boards can be great places to network with others going through similar experiences. You will notice your frustration soften as you express your feelings to others.
Solicit feedback
Admittedly, it can be tough to hear why you were not selected for that job you loved. Seeking out feedback, however, can help you learn and grow and the changes you make in light of feedback can boost your confidence.
Schedule breaks
One of the best ways to prevent job search burnout is to schedule regular breaks to recharge and try again.
Methodology
We analyzed the top 100 US companies on the Fortune Global 500 2021 ranking on four factors, giving each company a normalized score out of 10 for each factor before taking an overall average across these scores.
Employee ratings were taken directly from Glassdoor.com prior to February 23, 2022.
Employee & CEO annual salaries, as well as the CEO to employee ratios, were recorded directly from PayScale prior to February 23, 2022.
