California firms topped lists for health care, technology, media and entertainment
California firms have dominated LinkedIn’s Top Companies 2022 report, which lists the top 25 companies in nine major industries in the United States.
In fact, three industry lists were topped by companies in “The Golden State:” Kaiser Permanente ranked first in health care, Google and Apple took the top two spots in technology and information and The Walt Disney Company (followed by Twitch) sat atop media and entertainment.
The goal of the ranking is to praise companies that are investing in their talent and helping people build careers that set them up for long-term success.
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No surprise that California firms occupied most spots on the tech list. Companies ranked included Intel (sixth), Salesforce (ninth), Meta (10th), Cisco (11th), Esri (13th), Instagram (14th), Snap Inc. (18th), Synopsys (20th), Juniper (21) and Viasat (25th).
For consumer goods, The Clorox Company, Red Bull (whose North American headquarters is located in Santa Monica), Del Monte Foods, The Wonderful Company, Impossible Foods, Niagara Bottling and Driscoll’s were all ranked.
Los Angeles-based Oaktree Capital ranked fifth for financial services, and was joined by Silicon Valley Bank, PIMCO and Wells Fargo on the list. As for health care, MicroVention, City of Hope, ZEISS Medical Technology, Curology, Varian Medical Systems and Nevro all cracked the list. Levi Strauss & Co. trailed only Amazon on the retail list, in which eBay clocked in at 21st.
LinkedIn’s methodology is based on seven pillars that have been shown to lead to career progression: ability to advance; skills growth; company stability; external opportunity; company affinity; gender diversity and educational background.
Ability to advance tracks employee promotions within a company and when they move to a new company, based on standardized job titles. Skills growth looks at how employees across the company are gaining skills while employed at the company, using standardized LinkedIn skills. Company stability tracks attrition over the past year, as well as the percentage of employees that stay at the company at least three years. External opportunity looks at Recruiter outreach across employees at the company, signaling demand for workers coming from these companies.
Company affinity, which seeks to measure how supportive a company’s culture is, looks at connection volume on LinkedIn among employees, controlled for company size. Gender diversity measures gender parity within a company. Finally, educational background examines the variety of educational attainment among employees, from no degree up to Ph.D. levels, reflecting a commitment to recruiting a wide range of professionals.
To be eligible, companies must have had at least 500 employees as of April 30, 2022, in the U.S. and attrition can be no higher than 10% over the methodology time period, based on LinkedIn data. Similarly, companies with layoffs during that time that amount to more than 10% of their workforce, based on public announcements, are also ineligible.
The report excludes all staffing and recruiting firms, educational institutions and government agencies, as well as LinkedIn, its parent company Microsoft and Microsoft subsidiaries
