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These were the 10 best companies to work for in Europe in 2024
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These were the 10 best companies to work for in Europe in 2024

When it comes to professional work, Europe is considered to have one of the most positive attitudes worldwide.

European countries consistently rank among the best for work-life balance, were among the first to experiment with a four-day workweek, and offer some of the highest average salaries in the world, along with other employee benefits.

So which are the best companies to work for on the continent?

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Fortune and Great Place To Work have published the “Fortune Europe’s 100 Best Companies to Work For” list, compiled by analyzing more than 1.3 million survey responses from more than 2 million employees across Europe.

Companies at the top of the list had employees who were both more motivated to work and more comfortable with the way their company operated.

For example, according to a blog by Great Place To Work, market research found that nearly 90 percent of employees at top companies report making extra efforts to get the job done, while only 59 percent do. In a typical European workplace.

They also found that camaraderie was a driving factor, with workers 108 percent more likely to put in extra effort when they felt a sense of collaboration with their colleagues.

Moreover, 86 percent of employees in these top workplaces and 60 percent of employees in other workplaces said they plan to stay long-term; This was particularly meaningful for those who felt that their work was meaningful and provided them with a sense of purpose.

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The report also found that innovation rates are 66 percent higher in top workplaces, and these rates are primarily due to the ongoing training and development opportunities companies provide.

A look at the 10 best companies to work for in Europe, according to the latest Fortune list.

Work-life balance was also a key factor behind companies ranking higher and was one of the aspects that employees valued most.

A large percentage of workers at a top company (about 85 percent) reported that they were encouraged to balance their work and personal lives, with 92 percent reporting that they were able to take time off when necessary. .

Fairness in the workplace also played an important role and contributed to some companies being ranked higher.

Employees at these companies reported that promotions were fair (78 percent), they received a fair share of company profits (70 percent), and their managers were not favorites among staff (81 percent).

This sense of fairness was also linked to employees’ willingness to adopt artificial intelligence (AI) tools in their work.

Only a third (34 percent) of respondents in the pan-European survey said they were excited about using AI to improve their business; The report also found that those who believe their company is fair are 29 percent more likely to be excited about using AI tools.

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Which are the leading sectors in Europe?

While European workers are still reluctant to embrace AI, the tech sector is generally not a dominant force in Europe when it comes to jobs.

This contrasts with the US, where tech companies such as Nvidia, Microsoft and Google are among the best and have emerged as early winners in the AI ​​boom.

But most of the leading companies in Europe come from more traditional sectors such as fossil fuels, automotive and finance, as seen in the latest Fortune 500 list.

Topping the list was Europe’s largest company, German carmaker Volkswagen, followed by two oil and gas companies, Britain’s Shell and France’s TotalEnergies.

According to Fortune, while only 15 companies on this year’s list are in the technology sector, legacy businesses are also opening the door to innovation by adopting automation technologies.

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For example, Volkswagen announced earlier this year that its artificial intelligence chatbot ChatGPT was integrated into the voice assistant in some of its vehicles.

Additionally, fossil fuel company Shell has also embraced the use of AI in its operations, such as using AI-based technology in deep-sea exploration and production, to improve operational efficiency, speed up processes, and increase production.