WSJ Exclusive: Ranking the Best Companies for Career Growth
Excerpt from article by Lauren Weber, Theo Francis, and Stephanie Stamm
“Looking to get promoted quickly or avoid being underpaid? Then find companies where managers rise through the ranks, where promotions come with bigger pay bumps, or where employees stick around and build careers.
That information has been hard for employees to find. A new ranking of Fortune 500 companies seeks to help job-hunters avoid dead-end jobs. The 2023 American Opportunity Index rates companies by how well they help employees, especially those without college degrees, move into better, high-paying jobs.
The index, with data for 396 companies and focusing on jobs where many workers don't have college degrees, was created by the Burning Glass Institute with the Managing the Future of Work Project at Harvard Business School and the Schultz Family Foundation, the philanthropy started by longtime Starbucks leader Howard Schultz.
Most employers haven't cracked the code for systematically moving U.S. workers up the economic ladder-helping them gain skills and earn more. All of the U.S.'s biggest companies still have areas they need to improve.”