Airbnb has been dethroned by Facebook Inc (NASDAQ:FB) as the number one firm to work for in the technology sector in 2017. This is according to the Employees’ Choice Awards which are carried out annually by Glassdoor. The awards are now in their ninth year. Facebook will now be topping the list for the fourth time.
Lori Matloff Goller, the Head of People at Facebook, disclosed that the company actively seeks to take good care of its human resources while adding that different employees had different things they loved about working at Facebook.
“Most employees speak favorably about their ability to have a real impact here. Many talk about the flexibility in the way we work,” said Goller.
The first time Facebook was the best company to work for in the tech sector was in 2011.
This year saw Twitter Inc (NYSE:TWTR) missing from the list despite having won in 2014. It is understood that the microblogging site’s current woes are to blame. There has a high churn rate at the company, especially in the executive suites.
List domination by tech sector
Overall, 20 companies drawn from the technology sector featured on the list. That’s a slight drop from last year when there were 21 companies featured. Tech companies regularly appear, a fact that is attributed, to an extent, to the generous compensation packages their employees receive. The most consistent performers have been Alphabet Inc (NASDAQ:GOOGL) and Facebook who almost always are in the top 10 category. Though Apple Inc. (NASDAQ:AAPL)’s position on the list has not been remarkable, it has always made it. Microsoft Corporation (NASDAQ:MSFT), on the other hand, has been absent in the last few years but it made it back this time round.
Glassdoor’s Employee Choice Awards rely on input by employees who offer feedback with regards to their work environment, their job satisfaction levels, compensation, career progression opportunities and so on. Respondents offer their feedback anonymously and Glassdoor then uses its own algorithm to rank.
Facebook Inc edged up 0.55% to close at $117.95 in Wednesday’s trading.
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