According to the Hayes Group, 100% of the Top 20 Companies for Leadership have work climates that motivate employees to do their best. One-hundred percent of these companies have systems that actively manage a pool of successors for mission-critical roles. And one-hundred percent of these companies have a sufficient number of qualified internal candidates who are ready to assume leadership positions.
These are just a few of the amazing findings of the Hayes Group in their annual report of the Top 20 Companies for Leadership. For the past six years, the Hayes Group has published this list by asking employees from around the world to rate their own organization’s leadership practices. Then those respondents are asked to rate what they consider the top three firms that they admire most. The latest study is based on almost 7000 respondents with strong representation from North America, Asia, Latin America and Europe as well as a few folks representing the view in the Middle East.
General Electric and Proctor and Gamble have topped the list since its inception. IBM, Microsoft, Coca-Cola, McDonald‘s, Accenture, Wal-Mart, Johnson & Johnson and Unilever complete the top 10. The remaining companies in the top 20 are Toyota, Nestle, 3m, Southwest Airlines, PepsiCo, Siemens, Shell, Dow Chemical and Fedex.
This is not just a “feel good” study. The Best Companies for Leadership consistently outperform their peers. For the past 10 years, the Top 20 companies have doubled the annual shareholder return generated by the S&P 500. When you get a chance, check out the other major findings from this study as well. The difference between “best” and “good” is not complicated, but requires a dedicated effort on the part of those in leadership positions in your organization.