SEATTLE, July 31, 2018 (GLOBE NEWSWIRE) -- Today PayScale, Inc., the leader in precise, on-demand cloud compensation solutions for businesses and individuals, announced its third list of 2018 Hero Award recipients, featuring the top 100 organizations where compensation practices and approaches are shared most openly. Research shows that employees who understand how and why they are paid develop more trusting relationships with their managers, are more engaged at work and stay with the companies longer.
“People are more likely to trust their employer if it’s clear how and why they are paid the compensation they earn. There really is no downside to sharing your organization’s approach to compensation, but there is a well-researched downside to remaining silent,” commented PayScale VP Lydia Frank. “Employees feel better about their deal when organizations are more transparent about pay decisions and practices.”
Of note, restaurants and grocers dominate the top 10—both industries where profit margins are relatively thin, which suggests that transparency may be a distinct advantage in these highly competitive industries.
The PayScale Hero Awards for Pay Transparency feature employers who rank highest for being transparent with employees regarding pay practices as reported by their own employees. To arrive at the following list, PayScale examined employee feedback from more than 47,000 distinct employers to understand which organizations are the true Pay Transparency Heroes of 2018.
The top 100 companies are:
Aldi, Inc.
McKinsey & Company, Inc.
Sanderson Farms, Inc.
Trader Joe’s Company
FedEx Freight
Texas Roadhouse, Inc.
CMA CGM
Smith’s Food and Drug Stores
Dialysis Clinics, Inc.
Edward Jones
Costco Wholesale Company
Outback Steakhouse, Inc.
Dyncorp International
Geico
Hyatt Place
M Corp
Magellan Health
Ractrac Petroleum
Salem Hospital
Brinker International
Duke University Medical Center
Society of St. Vincent De Paul
Bose Corporation
Broward Health
Memorial Healthcare
AT&T Mobility LLC
Harbor Freight Tools
Kinder Morgan Inc.
LPL Financial
Waffle House, Inc.
Progressive Casualty Insurance Company
American Renal Associates
Bayer Corporation
Brink’s Incorporated
CHI Systems, Inc.
ECPI College of Technology
Embassy Suites Hotels
Greystar Real Estate Partners
Hackensack Hospital
HEB Grocery Company
Indian Health Services
International Paper Co
Kellogg Co
Merry Maids Inc.
National Vision, Inc.
NFI Industries Inc.
Novo Nordisk Inc.
P.F. Chang’s China Bistro, Inc.
Packaging Corporation of America
Penske Truck Leasing LLC
Pepsi Bottling Group
Preferred Family Healthcare
Roche Diagnostics Corporation
Saia Motor Freight Incorporated
Speedway SuperAmerica LLC
Sprouts
Stanford Hospital and Clinics
TIAA-CREF
University of Central Florida
University of Illinois at Urbana-Champaign (UIUC)
The Cheesecake Factory, Inc.
Casey’s General Stores, Inc.
University of California (UC)
Zaxby’s
Auburn University
British Petroleum (BP)
First RF Corporation
Kaman Industrial Technologies
Mcleod Health
Norfolk Southern Corporation
Perdue Farms, Inc.
Procter & Gamble Co
Save Mart Supermarkets
Union Pacific Railroad
Blue Cross and Blue Shield of North Carolina, Inc (BCBSNC)
Chicago Bridge and Iron
ClearLink
Consumers Energy Company
Emcor Group Inc.
Hilti Corporation
Juniper Networks, Inc.
Massachusetts Institute of Technology (MIT)
Purdue University
Rush University Medical Center
South Short Hospital
U.S. Security & Associates
University of Arkansas
Wintrust Financial Corporation
Alcon Laboratories, Inc.
BNSF Railway Company
J. M. Smucker Co.
Mars, Inc.
Publix Super Markets Inc.
Teamhealth, Inc.
The MITRE Corporation
University Health System
VCU Health Systems
Anheuser-Busch Companies, Inc.
Campbell Soup Company
Farm Bureau Financial Services
For more information and to view specific ratings of the 100 PayScale Hero Award Recipient organizations, please refer to the full PayScale 2018 Hero Awards data at: www.payscale.com/hero-awards
About PayScale: PayScale offers modern compensation software and the most precise, real-time, data-driven insights for employees and employers alike. More than 6,500 customers, from small businesses to Fortune 500 companies, use PayScale to power pay decisions for more than 18 million employees. These companies include Dish Network, Getty Images, Skullcandy, Time Warner, T-Mobile, Macy's, Sunsweet, UnitedHealth Group, Stihl and Wendy's. For more information, please visit: www.payscale.com or follow PayScale on Twitter: https://twitter.com/payscale.