Boston: The Boston Consulting Group (BCG), is ranked as the second best place to work in the US on FORTUNE magazine's "100 Best Companies to Work For" list, 2012, published today.
BCG has now attained this distinction two years in a row, pipped by SAS in 2011 and Google this year. It has also captured the top spot among small companies for the fifth time and become one of only two firms to be ranked in the top dozen for seven straight years.
The firm is a full 82 places above the only comparable strategy consultant to make the list, Booz & Co. The only other firms with major consulting interests to feature are the Big Four professional services groups, and Accenture.
- 2 — BCG
- 48 — PwC
- 59 — Ernst & Young
- 67 — Deloitte
- 84 — Booz & Co
- 92 — Accenture
- 94 — KPMG
BCG says an emphasis on investment in its people, career flexibility and mobility, extensive training, high-impact client work, a collaborative culture, progressive benefits, and a commitment to social-impact work were all factors that contributed to its strong showing.
"A perennial of the top five of our list, the global consultancy invests 100-plus hours and thousands of dollars to recruit each consultant," FORTUNE says of BCG. An online profile of one of those consultants, David Potere, discusses how he was able to chart his own course and build a global geoanalytics team based in Boston. "Potere was able to convince the company to create his team only 18 months after he was hired," notes the magazine.
BCG also achieved the top ranking as best "small" company (defined as companies with fewer than 2,500 employees in the United States) and was cited as one of the most diverse companies overall, with 45 percent female and 27 percent minority employees. BCG is one of 14 companies on the list to pay 100 percent of employees' health-care premiums and one of several hailed for having "gay-friendly benefits" and a "gay-friendly policy." It is also in the top 10 for annual pay for salaried employees.
"We are very pleased and honored to be ranked so high on FORTUNE's Best Companies list," said Rich Lesser, BCG's chairman of North and South America. "The fact that we've stayed in the top dozen for seven consecutive years is a testament to our continued focus on making BCG a great place to work."
"Attracting top talent and maintaining an environment in which employees can rapidly develop have been key to our success and our ability to deliver enormous value to clients. Recognitions like this are a nice acknowledgment that our efforts are highly unusual and, based on our growth and client retention, effective", he said.
At Accenture, Michael Scimo, managing director, North America Human Capital and Diversity, commented, "We are honoured to be recognized once again by FORTUNE as an employer of choice. Our people are key to Accenture's success and to our differentiation in the marketplace, and we remain committed to investing in their training and development."
In recognizing Accenture, FORTUNE cited Accenture's $600 million investment in training and development and the fact that five of the company's top 23 officers are women.
To pick the 100 Best Companies to Work For, FORTUNE works with the Great Place to Work Institute to conduct the most extensive employee survey in corporate America; 280 firms participated in this year's survey. More than 246,000 employees at those companies responded to a survey created by the institute, a global research and consulting firm operating in 45 countries around the world. Two-thirds of a company's score is based on the results of the institute's Trust Index survey, which is sent to a random sample of employees from each company. The survey asks questions related to their attitudes about management's credibility, job satisfaction, and camaraderie. The other third is based on responses to the institute's Culture Audit, which includes detailed questions about pay and benefit programs and a series of open-ended questions about hiring practices, methods of internal communication, training, recognition programs, and diversity efforts.