Watco Named No. 67 on Newsweek’s 2023 Global Most Loved Workplace List
Watco, a leading provider of integrated freight transportation services, is No. 67 on Newsweek’s 2023 list of the Top 100 Global Most Loved Workplaces. This is the second time Newsweek has honored Watco. In October 2022, Watco was named to Newsweek’s Top 100 Most Loved Workplaces in America.
The global list announced on May 31 is the newest in the Most Loved Workplace collaboration with the Best Practice Institute (“BPI”), a leadership development and benchmark research company. The results were determined after surveying more than 2 million employees from businesses with workforces varying in size from 30 to more than 10,000. The list recognizes companies that put respect, caring, and appreciation for their employees at the center of their business model and, in doing so, have earned the loyalty and respect of the people who work for them.
“We’re humbled and at the same time excited about the selection by Newsweek,” said Watco Chief Executive Officer Dan Smith. “Our Watco team members set this tone, and we’ll continue to work to preserve an environment that is deserving of the label ‘most loved.’”
Five critical areas measured to gauge employee sentiment: How positive workers feel about their future at the company, career achievement, how much employer values align with employee values, respect at all levels, and the level of collaboration at the firm. In addition, areas such as inclusion, diversity, equity and belonging, career development, and company leadership were identified and analyzed in relation to the five critical areas measured.
"While workplace dynamics continue to evolve, the power of a positive culture remains constant,” says Nancy Cooper, global editor in chief of Newsweek. “The companies featured on the 2023 Global Most Loved Workplaces list embody this transformative spirit, proving that when companies prioritize their people, success naturally follows."
To identify the top 100 companies for the Newsweek ranking, companies were evaluated and scored as follows: 35 percent of the initial score was based on responses to BPI's proprietary Love of Workplace survey. Another 25 percent was derived from analysis of external public ratings from sites such as Comparably, Careerbliss, Glassdoor, Indeed and Google. The final 40 percent came from direct interviews with and written responses from company officials. Newsweek then conducted additional research into every company on the list, as well as the top runners-up, to determine the final list of 100 companies and their rankings.