\nThe Index is the only measure of employer quality evaluating what really happens to workers at America\u2019s largest employers over time, assessing how well companies manage their most important asset\u2014their people. The Index is unprecedented in this approach: based not on corporate surveys but on an independent, big-data analysis of the career trajectories of nearly five million workers from 2018 to 2022. The results are drawn from how employees reported changes in their work history on social media and online resume platforms, as well as comprehensive salary and job-posting data.<\/p>\n \nTopping this year\u2019s ranking are Coca-Cola Co., J.M. Smucker Co., W.W. Grainger Inc., PNC Financial Services Group, ServiceNow Inc., Meta Platforms Inc., Capital One Financial Corp., Bank of America Corp., Costco Wholesale Corp. and Intuit Inc.<\/p>\n \nThe Index reveals that workers at top-performing companies are two-and-a-half times more likely to receive promotions<\/b>, and they are paid, on average, 68 percent more for the same jobs.<\/b> Firms that deliver for their employees are not confined to just a few sectors: The Index\u2019s top-100 companies represent more than three-quarters of the industries evaluated.<\/p>\n \nAn analysis of Index results also finds large companies that significantly outperform their peers in retaining employees are<\/b> saving as much as $400 million a year on turnover costs<\/b>. Many of those firms succeed in keeping their people by offering ample opportunities for promotions in addition to competitive wages.<\/p>\n \nThis year\u2019s Index has been expanded to assess 400 of the largest U.S. companies who publicly report their financial performance. All firms are rated across multiple metrics and by sector. The highest-scoring 100 firms overall are recognized as top employers, and companies are also rated in five ways:<\/p>\n \nThe 2023 American Opportunity Index reveals several powerful insights for companies navigating a dynamic labor market:<\/b><\/p>\n \nThe Index was designed to fill a key void in the marketplace: an outcomes-focused tool employees, employers, and policymakers can use to benchmark corporate progress in advancing opportunity across their workforce. <\/b>It is rooted in the belief that when employers enable the full potential of their people\u2014by providing good jobs and opportunities for advancement\u2014their business does better. In recognizing the companies where workers and firms thrive symbiotically, and showing areas where each company can continue to improve, the Index seeks to spark a new focus on sustainable talent management across American business.<\/p>\n \nExplore the Index and read the full report at www.AmericanOpportunityIndex.org<\/a><\/p>\n \nQuotes:<\/b><\/p>\n \n\u201cAt a time when so many are questioning the vitality of the American promise, it\u2019s crucial that CEOs and corporate directors look inward and examine how effectively they are nurturing and developing their people. Companies have a crucial role to play in creating opportunity and upward mobility for American workers and their families. The American Opportunity Index demonstrates the greatest lesson I have learned in business: When you invest in your people, you\u2019re investing in the future of your company.\u201d<\/p>\n \n– Howard Schultz, co-founder of the Schultz Family Foundation and former ceo and chairman emeritus of Starbucks Corporation<\/p>\n \n\u201cCompanies do better when their employees rise. When workers are moving ahead, they are learning and growing while becoming more valuable to their employers, with direct impact to the bottom line. The American Opportunity Index represents a big step forward both in defining what it means to be a quality employer and in showing why that matters to everyone.\u201d<\/p>\n \n– Matt Sigelman, President of the Burning Glass Institute.<\/p>\n \n\u201cThe American Opportunity Index demonstrates the incredible significance of corporate policies in determining economic outcomes for most workers. The variation in outcomes across and, especially, within industries yields an obvious conclusion: What companies choose to do to help workers gain economic security, and how they go about doing it, drives outcomes more than factors like their business model or location. Companies that have implemented more forward-looking policies benefit financially and competitively and so do their workers.\u201d<\/p>\n \n– Professor Joseph Fuller, Harvard Business School<\/p>\n \n\u201cThe American Opportunity Index shows that how companies invest in talent has a profound impact on the careers of individual employees and a firm\u2019s overall bottom line. By arming boardrooms and c-suites with data about what is actually happening to their employees, and how firms stack up against their competitors in growing internal talent, we believe more business leaders will embrace changes that enable more American workers, especially those without college degrees, to rise into jobs that provide financial security and the ability to realize one\u2019s full potential.\u201d<\/p>\n \n– Rajiv Chandrasekaran, Managing Director, Schultz Family Foundation<\/p>\n \n\u201cAt Chipotle, our employees are our greatest asset and we believe in investing in their careers by offering opportunities for advancement, as well as robust benefits that address physical, mental and financial health. Developing our people is paramount to running great restaurants and it is an honor to be the leading hospitality company recognized by the American Opportunity Index.\u201d<\/p>\n \n– <\/i>Brian Niccol, Chairman and CEO, Chipotle<\/p>\n \n“People are the soul of every great company. That’s why I believe that the best talent is the ultimate competitive advantage. Our success reflects our commitment to investing in our people – so they deliver the best for our customers, our community, and the world. We’re humbled by the recognition from The American Opportunity Index; their work to advocate for human happiness and productivity is creating a brighter future for all.”<\/p>\n \n– Bill McDermott, Chairman and CEO, ServiceNow<\/p>\n \n\u201cSince our founding, what has made Capital One a great place to work has always been our people, our culture, and the way we care for our customers and communities. We continue to invest in our associates, as well as in innovative programs and partnerships that help people from diverse backgrounds unleash their full potential.\u201d<\/p>\n \n– Andy Navarrete, Executive Vice President and Head of External Affairs, Capital One<\/p>\n \nABOUT THE AMERICAN OPPORTUNITY INDEX<\/b><\/p>\n \nThe American Opportunity Index is a groundbreaking ranking of how well companies maximize their internal talent to drive business performance and individual employee growth. Unlike most measures of employer performance, the Index is based on real world outcomes, assessing the progress of millions of workers by tracking the progress of their individual careers. The Index measures hiring and promotion practices, pay, race-and-gender parity, and cultural components such as retention and whether companies hire their leaders internally. This ranking is rooted in the belief that when employers enable the full potential of their people\u2014by providing good jobs and opportunities for advancement\u2014their business does better. In recognizing the companies where workers and firms thrive symbiotically, and showing the areas where each company can continue to improve, we seek to spark a new focus on sustainable talent management across American businesses. The American Opportunity Index is a joint project of the Burning Glass Institute, the Managing the Future of Work Project at Harvard Business School, and the Schultz Family Foundation. Explore the Index and see who\u2019s leading the way at: https:\/\/americanopportunityindex.org<\/a>.<\/p>\n \nABOUT BURNING GLASS INSTITUTE<\/b><\/p>\n \nThe Burning Glass Institute believes that everyone deserves meaningful work and the chance to move up. A fully independent non-profit, we advance data-driven research and practice on the future of work and on the future of learning. We work with employers, public agencies, educators, and policymakers to develop solutions that build mobility, opportunity, and equity through skills. Through our expertise in mining new datasets for actionable insight, the Burning Glass Institute\u2019s discourse-shaping research draws attention to pressing problems and frames the potential for new approaches. Through project-based engagement and collectives, we put ideas into practice, bringing forward solutions that are high-impact and replicable. For more information visit https:\/\/www.burningglassinstitute.org\/<\/a>.<\/p>\n \nABOUT THE HBS MANAGING THE FUTURE OF WORK PROJECT<\/b><\/p>\n \nHarvard Business School\u2019s Project on Managing the Future of Work pursues research that business and policy leaders can put into action to navigate the complex, fast-changing nature of work. The Project\u2019s current research areas focus on the many forces that are redefining the nature of work in the United States as well as in many other advanced and emerging economies: Technology trends like automation and artificial intelligence; Contingent workforces and the gig economy; Workforce demographics and the \u201ccare economy\u201d; The middle-skills gap and worker investments; Global talent access and utilization; Spatial tensions between leading urban centers and rural areas. Learn more at: https:\/\/www.hbs.edu\/managing-the-future-of-work\/<\/a>.<\/p>\n \nABOUT THE SCHULTZ FAMILY FOUNDATION<\/b><\/p>\n \nThe Schultz Family Foundation\u2019s mission is to create greater opportunity, accessible to all<\/b>. Our work is deeply rooted in the lives and values of our co-founders, Sheri and Howard Schultz, who believe talent is everywhere, but opportunity is not<\/b>. We seek to apply the lessons they have learned over the decades to seed innovations and scale solutions to help young people successfully navigate the transition to adulthood and positively impact the trajectory of their lives. We are investors in unleashing potential and unlocking opportunity, working in partnership with employers, entrepreneurs, non-profits, and governments that share our aspiration of enabling everyone to access the full promise of America. For more information about the Foundation and its work: www.schultzfamilyfoundation.org<\/a>.<\/p>\n Contacts<\/b> <\/p>\n![](\"https:\/\/mms.businesswire.com\/media\/20231130519603\/en\/1956007\/21\/American_Opportunity_Index_PNG.jpg\")
<\/a>![](\"https:\/\/mms.businesswire.com\/media\/20231130519603\/en\/1956007\/22\/American_Opportunity_Index_PNG.jpg\")
<\/a>![](\"https:\/\/mms.businesswire.com\/media\/20231130519603\/en\/1938399\/21\/SFF_Orange_Logo.jpg\"){kind=logo}
<\/a>![](\"https:\/\/mms.businesswire.com\/media\/20231130519603\/en\/1938399\/22\/SFF_Orange_Logo.jpg\"){kind=logo}
<\/a><\/p>\n\n
\n