First-of-a-Kind Ranking Reveals Best Large Companies for High School Graduates to Start Careers
2024年8月6日 - 7:15PM
ビジネスワイヤ(英語)
American Opportunity Index ranks top 50
employers for young adults who do not have a college degree
The American Opportunity Index today released a first-of-a-kind
ranking of the top 50 employers that can offer recent high school
graduates with the best pathway to a sustaining career and
increased compensation. The list provides a valuable new resource
for the millions of young individuals entering the workforce
without a college degree.
Topping the list are seven retailers and restaurants: Chipotle
Mexican Grill, Lowe’s, Walgreens Boots Alliance, Foot Locker, Gap
Inc., Best Buy and Starbucks. The PNC Financial Services Group,
Goodyear Tire & Rubber and Chewy also made the top 10.
The American Opportunity Index’s 2024 Best Places for High
School Graduates to Start a Career list is based on data from the
full American Opportunity Index, a joint project of the Burning
Glass Institute, the Managing the Future of Work Project at Harvard
Business School and the Schultz Family Foundation, that measures
how well America’s largest companies maximize their internal talent
to drive business performance and individual employee growth.
The list is based on an assessment of the career trajectories of
hundreds of thousands entry-level workers over the past five years.
The assessment reveals that workers who start in the same
entry-level jobs at select large companies can have very different
outcomes.
The Index assesses 400 of the largest U.S. companies that file
public financial statements, measuring how well these firms
maximize their internal talent to drive corporate performance and
the growth of their employees. The Index is unprecedented in this
approach: It is not based on corporate surveys but on an
independent, big-data analysis of the career trajectories of nearly
5 million workers from 2018 to 2022, drawn from how they report
changes in their work history on social-media platforms, resumes
posted online, as well as comprehensive salary and job-posting
data.
The American Opportunity Index’s 2024 Best Places for High
School Graduates to Start a Career list is based on scores on three
key Index metrics: how well firms hire entry-level workers (First
Jobs), promote them internally (Advancement Within) and prepare
them for better opportunities when they leave (Advancement Beyond).
Excelling in these areas can have a profound impact in the early
stages of a person’s career.
* Top companies in the Index’s First Jobs metric are as much as
4.3 times more likely to hire entry-level workers than other large
firms.
* Employees at top companies for Advancement Within are as much
as 2.5 times more likely to get promoted than their peers at other
large businesses. The Index’s Advancement Within metric considers
how likely workers are to be promoted, how many further promotions
they can expect over time, and how large of a raise they can expect
at each promotion. The Index only counts promotions that yield at
least a 10 percent increase in pay.
* Employees at top Advancement Beyond companies are as much as 5
times more likely to land a substantially higher paying job
elsewhere when they leave compared to peers transitioning out of
other large firms.
The full list can be viewed here.
ABOUT BURNING GLASS INSTITUTE
The 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’s 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/.
ABOUT THE HBS MANAGING THE FUTURE OF WORK PROJECT
Harvard Business School’s 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’s 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 “care economy”; 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/.
ABOUT THE SCHULTZ FAMILY FOUNDATION
The Schultz Family Foundation’s mission is to create greater
opportunity, accessible to all. 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. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240806188800/en/
Zack Hutson zhutson@emesproject.com