Long hours, cutthroat competition and risky stock valuations
are among the drawbacks typically associated with working online and in
technology--but not at every company.
Several technology companies made it onto
Fortune magazine's third annual ranking of the top 100
employers in the United States. The magazine, well known for its ranking
of the top 500 companies by revenues, lists the survey results in its Jan.
10, 2000, edition.
Cisco and Charles Schwab rank among the top 10; distributor CDW Computer Centers,
Qualcomm, Microsoft, memory firm Kingston Technology, Adobe Systems,
Hewlett-Packard and Lucent Technologies all made the top 50.
"In an ultratight labor market, companies primp to woo and retain talent,"
reads an introduction to the survey results on the Fortune Web site.
"They offer perks and amenities like concierge services, unheard of until
recently. They listen to employee input, adjust schedules to suit family
obligations, provide training, and cut workers into stock-purchase,
stock-option and stock-award programs formerly reserved for the management elite."
San Jose, Calif.-based Cisco is ranked high in part because of
financial perks. "The computer network giant is growing fast--adding 5,000
new employees just last year--but still boasts stock options for everyone as
well as on-the-spot bonuses of up to $2,000 for exceptional performance,"
the survey results said.
|Tech firms among top 50|
|Company ||Ranking ||Number of employees|
|Cisco Systems ||3 ||16,144|
|Charles Schwab ||8 ||13,192|
|CDW Computer Centers ||11 ||1,650|
|Qualcomm ||14 ||6,072|
|Microsoft ||21 ||22,222|
|Kingston Technology ||29 ||729|
|Adobe Systems ||42 ||2,158|
|Hewlett-Packard ||43 ||83,200|
|Lucent Technologies ||44 ||117,814|
|Source: Fortune magazine|
In addition, the company had an 8 percent voluntary turnover rate in 1998
and added 7,226 new jobs in the past two years.
"There are many fine companies in our industry, and Cisco is proud to be
included on this list," said Doug Wills, a Cisco representative.
San Francisco-based Schwab was hailed by Fortune as "the anti-Wall
Street brokerage [that] certainly seems to work for its employees:
Ten percent of them have more than $1 million in their ESOP accounts. Plus
massages during busy periods." The firm had an 11 percent voluntary turnover
rate in 1998 and added 3,462 jobs in the past two years.
The companies on Fortune's list "come from 20 different fields and
30 states," the magazine says. "While 42 are in information technology or
financial services, we've also identified stars from retailing, pipe
manufacturing, supermarkets, the jam business (J.M. Smucker ranks 22nd) and
even law firms. Many (42) are private, but 58 are publicly traded."
In addition, "shares of public companies on the list rose 37 percent
annualized over the past three years, compared with 25 percent for the S&P
500. Qualcomm, the San Diego-based developer of wireless technology, led
the way with a 1,500 percent increase in 1999," according to Fortune.