Sunday, 30 March 2014

Glassdoor telling it how it is

Glassdoor is a website that lets prospective employees know what a company is really like. We have all heard about how great companies are from their recruiters but what do their employees really think? Glassdoor helps answer that question with 6 million company reviews, CEO approval ratings, salary reports, office photos and more. Glassdoor was co-founded by Rich Barton who has a track record for disrupting industries being the co-founder of Expedia the travel bookings site and Zillow a housing research site.

Glassdoor is not listed but when it does list on the stock exchange Rich Barton will likely have the track record of co-founding three billion dollar businesses an unheard of track record in such a small amount of time. As an investor I personally use Glassdoor to help evaluate company management and find their CEO rankings useful in assessing management from an employee point of view. Glassdoor has recently revealed the highest rated CEOs for 2014 as voted by employees (see below).

Source http://www.glassdoor.com/50-Highest-Rated-CEOs-LST_KQ0,21.htm

Linkedin's (LNKD) Jeff Weiner took top honours with an amazing 100% approval rating. Though a quick check of the website now shows a 98% approval rating still amazing given the sample of 680 ratings. LNKD was also voted the 3rd best place to work in a separate survey. Jeff Weiner took the crown from last years winner Facebook's Mark Zuckerberg who was rated 99% in 2013 but dropped off a few points this year. Jeff Weiner was singled out for creating a culture of transparency holding bi-weekly all company meetings and for 'walking the walk'. LNKD is all about recruiting and connecting people to make them productive and successful. It is only fitting that LNKD employees feel the same way giving high approval ratings to their CEO it seems LNKD really does walk the walk.

Jason

Disclosure: Decisive does not own a position in Linkedin (LNKD) stock

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