The best fortune 500 companies to work for in 2020 are the Hilton, the Ultimate Software, and the Wegmans Food Markets[1]. What I learned is that these companies have similar HR practices especially in talent acquisition and recruitment where these companies screening, source, and onboard the best talents available, conduct employee training and development and also perform effective performance management. These companies also have clear ethical and legal considerations in conjunction with conflict resolution.
HR Insights from the Best Companies to Work for in 2020
The modern world is rapidly changing and the business landscape must adapt. Some of these changes include the “Work from Home” trend exacerbated by the recent Covid-19 Pandemic. Human resource is the driving force for any organizational operations, success as it defines and nature companies’ employees[2]. The top three companies listed in the 2020 Fortune Best Companies to Work For provides golden HR practices which can be optimized by any aspiring manager
The Ultimate Software: Trust and Transparency
These companies utilize The Ultimate Software to implement extraordinary workplace. They prioritize employee empowerment, transparency, and trust. Open door strategy as well as employee involvement in decision making processes promotes ownership culture in the organization[3]. This approach offers better ways to ensure employees are operating at their optimal capacity. The duties of the HR in supporting these aspects is critical.
Prioritizing Employee Well-being
Wegmans Food Markets, provides excellent employee benefits, ensure legal compliance and balances. The HR practices illustrates an extensive commitment to staff well-being. This demonstrates that managers need to prioritize the general employee satisfaction and general well-being. The HR is tasked with offering extensive benefits that are in line with the objective.
Effective managers face several issues pertaining balancing different needs of diverse employees, effectively managing, and ensuring legal compliance[4]. Effective management of these daunting challenges demands efficient collaboration with the HR who can offer guidance on employee relation, support in navigating complexities pertaining employee issues including conflict resolution.
Conclusion
The top three to work for in 2020, that is, Hilton, The Ultimate Software, and Wegmans Food Markets illustrates the crucial role of HR in building successful businesses. My objective as a future manager, is to prioritize open communication, employee well-being, and growth while identifying and solving challenges associated with organization management. learning from these exemplary organization and working closely with HR facilitates becoming the kind of manager that prioritize a workplace environment that fosters employee growth and development.
Resources:
Buckingham, Marcus, and Curt Coffman. First, Break All the Rules: What the Worlds Greatest Managers Do Differently. Google Books. Simon and Schuster, 1999. https://books.google.co.ke/books/about/First_Break_All_The_Rules.html?id=sJxgCRr3D8UC&redir_esc=y.
D. Breitfelder , Matthew , and Daisy Dowling. “Why Did We Ever Go into HR?” Harvard Business Review, July 2008. https://hbr.org/2008/07/why-did-we-ever-go-into-hr.
Fortune Media. “100 Best Companies to Work For.” Fortune, 2020. https://fortune.com/ranking/best-companies/2020/.
Garvin, David. “How Google Sold Its Engineers on Management.” Harvard Business Review, December 2013. https://hbr.org/2013/12/how-google-sold-its-engineers-on-management.
[1] Fortune Media, “100 Best Companies to Work For,” Fortune, 2020, https://fortune.com/ranking/best-companies/2020/.
[2] Matthew D. Breitfelder and Daisy Dowling, “Why Did We Ever Go into HR?,” Harvard Business Review, July 2008, https://hbr.org/2008/07/why-did-we-ever-go-into-hr.
[3] David Garvin, “How Google Sold Its Engineers on Management,” Harvard Business Review, December 2013, https://hbr.org/2013/12/how-google-sold-its-engineers-on-management.
[4] Marcus Buckingham and Curt Coffman, First, Break All the Rules: What the Worlds Greatest Managers Do Differently, Google Books (Simon and Schuster, 1999), https://books.google.co.ke/books/about/First_Break_All_The_Rules.html?id=sJxgCRr3D8UC&redir_esc=y.
Leave a Reply