AI Adoption Surges: 100 Best Companies Showcase the Growing Importance of Employee Trust

MICHAEL C. BUSH

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Michael C. Bush

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As AI adoption accelerates across workplaces in Australia, Singapore, Indonesia, Vietnam, and the Philippines, a concerning trend emerges: how many companies adequately guide and train their workforce in leveraging this transformative technology effectively? In an era where AI is poised to reshape the future of work, investing in workforce preparation is not just prudent but imperative for fostering trust, driving innovation, and ensuring equitable opportunities for all stakeholders. This week, we find out why Michael C. Bush, CEO of Great Place To Work says that Trust is the currency of work today and can pave the way for employees’ mindsets in adopting AI.

 

Like a lot of leaders, I spend most of my time looking forward, with very few exceptions. I read pieces like Marc Andreessen’s Manifesto, and I hope his vision of abundance is the same as mine. I want a world that provides his vision of abundance for all, not abundance for some.

When some say, “Well there will always be winners and losers,” I say, “Then this AI thing isn’t as great as I thought it could be.” We live in a largely zero sum world with our current intelligence, and we don’t need anything artificial to add more value here.

I’m focused on the future, and without question, the future of work is fueled by generative AI. Purpose-driven companies will ensure that AI is used to solve the complex problems that come from assuring all stakeholders thrive in this new machine-architected capitalism.

Silly human biases will create biased and discriminatory constraints and the algorithms will yield suboptimal “optimal solutions.” The solutions will be optimal for a few stakeholders (certainly shareholders), while being suboptimal for everyone else, like employees, communities, and the environment. Just like today, where every workplace in the world is a great place to work for some, but creates more inequity and income inequality for others.

When a workplace is a great place to work for all, all stakeholders will benefit from AI abundance. Workers will be supplemented with AI while jobs are being created and eliminated by AI. During any downtime, workers will get AI training, and/or be busy solving complex educational or environmental problems in their communities. This is how great companies will operate.

While this AI revolution is important for leaders, importance doesn’t equal confidence. Most admit they don’t feel equipped to lead their people through the AI revolution.

Revolution isn’t hyperbole. AI will radically transform how we work, and change brings fear. People are worried about losing their jobs, and whether or not their company will use new technology responsibly and ethically.

Responsibility to quell those fears sits on the shoulders of every leader. Every leader will need to transform to become the Jim Collins level five “executive” that we call the “For All Leader” at Great Place To Work®.

Employees need to have confidence in their executives before they can trust their use of AI, embrace its potential, and lean in and give extra to solve complex problems.

It’s why I’m confident in the AI readiness level of the 2024 Fortune 100 Best Companies To Work For®. Leaders at these companies will help their people thrive because they’re focused on the one thing that will drive success: trust.

How do I know that? Because history tells me so. This is where I make an exception to looking to the past.

Companies on the 100 Best are battle tested. They proved their ability to build trust with employees during the pandemic years of 2020 to 2023, when fear and uncertainty were the only constant. That reservoir of trust will help them outperform their competitors and give them a competitive edge in the AI space.

Their high scores on the Great Place To Work Trust Index™ were remarkably stable before, during, and after the pandemic, in all areas of the employee experience, particularly around leadership.

The 100 Best outperformed typical workplaces by at least 45% and as much as 73% when it comes to trust in management. What does this have to do with AI? Everything. Trust is the currency of work today. If I could create a backdrop for the world right now, I’d spell out the word trust as large as I could.

Trust tells workers their employer will use AI in a way that will make their workplace experience better and more equitable. Consumers will look to see where people work to decide if they can trust their favorite brands. You can trust how a company uses AI if you know their employees trust them.

Trust in leaders appears to be in high demand, but short supply.

Nearly 90% of 14,000 leaders in a Deloitte report said an increased focus on trust and transparency with workers is important for business success, but only 13% said they’re making meaningful progress.

To start, I suggest leaders practice these nine high-trust behaviors.

Agility, innovation fuel AI success

High-trust cultures are more likely to excel in areas essential to AI success: agility, innovation, and extra effort. At the 100 Best, 86% of employees feel people are willing to give extra effort and 83% feel people adapt quickly to changes, compared with 59% and 61% at typical workplaces, respectively. At the 100 Best, 84% of employees said they experience “a lot” or “some” innovation opportunities.

When more employees can contribute to innovation, employees are more likely to say their work is meaningful and want to stay at their company long-term. These high levels of adaptability, extra effort, and innovation aren’t possible without a foundation of trust built over time through collaboration with employees by seeking their input, involving them in decisions, and providing them with information about important changes.

We see the result of that trust in the cumulative 26-year returns of the 100 Best, who beat the Russell 1000 by an astounding 1,896 percentage points, thanks to having an engaged and agile workplace. That means that if you had invested in the publicly traded 100 Best Companies since 1998, you would have earned 3.68 times more money than you would have with the same investment in the Russell 1000 portfolio – the top companies by market capitalization in the U.S.

Skills over job descriptions 

AI might be the biggest disruptor in the workplace today, but it’s not the only one. Leaders have to manage ongoing political, societal, and environmental challenges while hitting their business numbers.

To do that, you need the best people who will use the technology in the right way, and AI will help you find those people faster and better than you’ve ever been able to.

AI can understand and interpret the work that people are currently doing, interested in doing, and most importantly, capable of learning — dynamically and in real time.

Currently, we match people with job descriptions. We search for talent in familiar places and promote people based on job levels. That will be archaic, thanks to AI.

The conversation will shift from talent pipelines to talent portfolios. AI will match people with skills, not job descriptions or degrees. It will not be about who you know, or what school you went to. It will be about what skills you have, and more importantly, what skills you can quickly develop so you can be matched to a critical opportunity within the business.

Although many companies aren’t ready to use AI to become skills-based organizations, the 100 Best are leading the way.

No. 7 ranked Accenture helps find and unlock the hidden potential of their people across every level of their organization. Nearly half of the U.S. positions at Accenture, for example, are open to people who don’t have a four-year college degree. Aptitude and skill matter more to performance than college degrees, employment histories, or references.

Internally, Accenture matches people’s skills with new opportunities, as well as at-risk jobs with in-demand skills in cutting-edge technologies.

MetLife, No. 36, launched MyPath, an online skills-based talent marketplace that uses AI-based recommendations to match users to colleagues, projects, and opportunities based on their skills, experiences, and ambitions. More than half the projects assigned through MyPath have been either cross-functional or cross-geographic, or both.

Similarly, Salesforce.com (No. 70) has filled more positions through internal transfers than from external candidates. Its internal talent marketplace, Talent Connect, uses AI to match employees to open roles based on their skills. Its MentorFinder app uses AI for interest and skills-based matching to connect mentors and mentees.

Great companies will understand how to optimize their talent in a more equitable way than anything we’ve seen before. This is good news for leaders committed to culture work. It will help us create a great place to work for all, abundance for all, and opportunities for all — and you need all to succeed.

 

Start Building Trust

Explore how your organization can prioritize trust, agility, and innovation to thrive in the AI-driven landscape.

www.greatplacetowork.com.sg

 

MICHAEL C. BUSH

Michael Bush is CEO of Great Place to Work®. Driven by a love of business and an unwavering commitment to fair and equitable treatment, Michael joined Great Place to Work as CEO in 2015, bringing 30 years of experience leading and growing organizations. Previously, he was CEO of Tetra Tech Communications, a billion-dollar global telecommunications infrastructure firm and was a member of President Obama’s White House Business Council. He earned his M.S. in Management from Stanford’s Graduate School of Business.

Great Place To Work identifies Best Workplaces in Asia™ by surveying 2.1 million employees in Asia and the Middle East about the key factors that create great workplaces for all and analyzing company workplace programs impacting 5.9 million employees in the region.

To be considered, companies must first be identified as outstanding in their local region by appearing on one or more of our Best Workplaces lists in Bahrain, Greater China (including China, Hong Kong and Taiwan), India, Indonesia, Japan, Kuwait, Oman, Philippines, Qatar, Saudi Arabia, Singapore, South Korea, Sri Lanka, UAE, Vietnam during 2022 or early 2023.

Companies rank in three size categories: Small and Medium (10-499 employees); Large (500+); and Multinational. Multinational organizations are also assessed on their efforts to create great workplaces across multiple countries in the region. They must appear on at least two national lists in Asia and the Middle East and have at least 1,000 employees worldwide with at least 40% (or 5,000+) of those employees located outside the headquarters country.

Great Place To Work identifies Best Workplaces in Asia™ by surveying over 1 million employees in Asia and the Middle East about the key factors that create great workplaces for all and analyzing company workplace programs impacting over 4.7 million employees in the region.

To be considered, companies must first be identified as outstanding in their local region by appearing on one or more of our Best Workplaces lists in Greater China (including China, Hong Kong and Taiwan), India, Indonesia, Japan, Kuwait, Philippines, Qatar, Saudi Arabia, Singapore, South Korea, Sri Lanka, UAE, Vietnam during 2021 or early 2022.

Companies rank in three size categories: Small and Medium (10-499 employees); Large (500+); and Multinational. Multinational organizations are also assessed on their efforts to create great workplaces across multiple countries in the region. They must appear on at least two national lists in Asia and the Middle East and have at least 1,000 employees worldwide with at least 40% (or 5,000) of those employees located outside the headquarters country.

Great Place To Work® Best Workplaces™ in Singapore 2023 Evaluation Methodology

This year, Great Place To Work® Singapore is proud to launch our inaugural Singapore Best Workplaces™ in Healthcare & Biopharma List. This list recognizes exemplary companies in the healthcare & biopharma industry.

Recognized as a global hub for medical technology and research, Singapore has attracted top healthcare and biopharma talents and companies from around the world. It has become the center for essential healthcare services and innovations with its world-class research institutes, academic medical centers, and industry clusters.

In turn, the healthcare and biopharma sectors play a critical role in the country’s economic competitiveness, sustainability, and innovation. These industries have significantly helped in the overall improvement of public health and well-being of the people of Singapore and its neighboring countries.

The inaugural Singapore Best Workplaces in Healthcare and Biopharma List puts the spotlight on the organizations that are dedicated to providing employee satisfaction and engagement, and their commitment to excellence in the industry.

The companies in our Great Place To Work Certified™ community have the premier distinction that helps attract the best talent, build your employer brand, and secure a competitive advantage. To achieve this, they built a working environment that is purpose-driven and people-first. These companies have demonstrated that showing authentic care, prioritizing employee’s holistic well-being, and building a culture of trust go hand in hand with growth and success.

To determine the 2023 Singapore’s Best Workplaces in Healthcare and Biopharma, Great Place to Work®️ analyzed confidential survey feedback representing nearly 12,000 employees working in the tech industry in Singapore.Employees responded to over 60 survey questions describing the extent to which their organization creates a Great Place to Work For All™️. Eighty-five percent of the evaluation is based on what employees say about their experiences of trust and reaching their full human potential as part of their organization, no matter who they are or what they do. Great Place to Work analyzes these experiences relative to each organization’s size, workforce make up, and what’s typical relative to their peers in the industry.The remaining 15 percent of the rank is based on an assessment of all employees’ daily experiences of innovation, the company’s values, and the effectiveness of their leaders, to ensure they’re consistently experienced.To be considered, companies had to meet the Great Place to Work-Certified standard. To ensure survey results truly represent all employees, Great Place to Work requires that Trust Index©️ survey results are accurate to a 95% confidence level with a 5% margin of error or better. We review any anomalies in survey responses, news and financial performance to ensure there aren’t any extraordinary reasons to believe we couldn’t trust a company’s survey results. Companies with 10 to 99 people were considered for the small and medium category; companies with 100 employees or more were considered for the large category.

Great Place To Work® Best Workplaces™ in Singapore 2023 Evaluation Methodology

To determine the 2023 Singapore’s Best Workplaces in Technology, Great Place To Work®️ analyzed confidential survey feedback representing nearly 12,000 employees working in the tech industry in Singapore. Employees responded to over 60 survey questions describing the extent to which their organization creates a Great Place To Work For All™️. Eighty-five percent of the evaluation is based on what employees say about their experiences of trust and reaching their full human potential as part of their organization, no matter who they are or what they do. Great Place To Work analyzes these experiences relative to each organization’s size, workforce make up, and what’s typical relative to their peers in the industry. The remaining 15 percent of the rank is based on an assessment of all employees’ daily experiences of innovation, the company’s values, and the effectiveness of their leaders, to ensure they’re consistently experienced. To be considered, companies had to meet the Great Place To Work-Certified standard. To ensure survey results truly represent all employees, Great Place To Work requires that Trust Index©️ survey results are accurate to a 95% confidence level with a 5% margin of error or better. We review any anomalies in survey responses, news and financial performance to ensure there aren’t any extraordinary reasons to believe we couldn’t trust a company’s survey results. Companies with 10 to 99 people were considered for the small and medium category; companies with 100 employees or more were considered for the large category.

Methodology

This year, Great Place To Work™ Singapore is proud to launch our inaugural Singapore Best Workplaces in Technology List. This List recognizes exemplary companies in the information and communication technologies industry in four categories:

  • Micro category (10–29 employees)
  • Small (30-99 employees)
  • Medium (100-999 employees)
  • Large (> 1000 employees)

With Singapore’s ambition to be recognized as a regional technology hub, the influx of technology firms (around 80 of the world’s top 100 technology firms have a presence here) and global rankings that place us a leading technology hub outside of San Francisco, the establishment of a Singapore Best Workplaces List in Technology is indeed a timely and needed one. Technology firms in Singapore are characterized by hyper-growth and ambitious expansion plans. This means a continuous war for talent in a highly competitive and rapidly evolving industry.

To maintain our lead as a technology and innovation hub, the ability to attract, retain and sustain skilled talent is critical. We are proud that companies in our Great Place To Work®-Certified community List have built a high-trust culture, engaged employees and maximized their potential to facilitate innovation. They are purpose-driven and adopt a people-first mindset. These are companies that have shown that authentic care and employee well-being need not be compromised for ambitious growth, and that it is possible for businesses to scale up quickly and responsibly. Their culture and core values are embodied in every individual—from senior leadership to rank-and-file employees—and differentiate them from their competitors, priming them to be powerful magnets for top talent.

To determine the 2022 Singapore’s Best Workplaces in Technology, Great Place To Work®️ analyzed confidential survey feedback representing nearly 12,000 employees working in the tech industry in Singapore.Employees responded to over 60 survey questions describing the extent to which their organization creates a Great Place To Work For All™️. Eighty-five percent of the evaluation is based on what employees say about their experiences of trust and reaching their full human potential as part of their organization, no matter who they are or what they do. Great Place To Work analyzes these experiences relative to each organization’s size, workforce make up, and what’s typical relative to their peers in the industry.The remaining 15 percent of the rank is based on an assessment of all employees’ daily experiences of innovation, the company’s values, and the effectiveness of their leaders, to ensure they’re consistently experienced. To be considered, companies had to meet the Great Place To Work-Certified standard. To ensure survey results truly represent all employees, Great Place To Work requires that Trust Index©️ survey results are accurate to a 95% confidence level with a 5% margin of error or better. We review any anomalies in survey responses, news and financial performance to ensure there aren’t any extraordinary reasons to believe we couldn’t trust a company’s survey results. Companies with 10 to 99 people were considered for the small and medium category; companies with 100 employees or more were considered for the large category

 

Methodology

To determine the 2022 Singapore’s Best Workplaces™️, Great Place To Work®️ analyzed confidential survey feedback representing close to 70,000 employees across different industries in Singapore. Employees responded to over 60 survey questions describing the extent to which their organization creates a Great Place to Work For All™️. 85% of the evaluation is based on what employees say about their experiences of trust and reaching their full human potential as part of their organization, no matter who they are or what they do.

Great Place To Work analyzes these experiences relative to each organization’s size, workforce make up, and what’s typical in their industry. The remaining 15% of the rank is based on an assessment of all employees’ daily experiences of innovation, the company’s values, and the effectiveness of their leaders, to ensure they’re consistently experienced. To be considered, companies had to meet the Great Place To Work Certified standard. To ensure survey results truly represent all employees, Great Place To Work requires that Trust Index©️ survey results are accurate to a 95% confidence level with a 5% margin of error or better. We review any anomalies in survey responses, news and financial performance to ensure there aren’t any extraordinary reasons to believe we couldn’t trust a company’s survey results.

Companies with 10-29 people were considered for the Micro category; those with 30 to 99 people for the Small category; companies with 100 to 999 employees were considered for the Medium category; and those with 1,000 or more for the Large category.

Great Place To Work® Best Workplaces™ in Singapore 2023 Evaluation Methodology

To determine the 2023 Singapore’s Best Workplaces in Technology, Great Place To Work®️ analyzed confidential survey feedback representing nearly 12,000 employees working in the tech industry in Singapore. Employees responded to over 60 survey questions describing the extent to which their organization creates a Great Place To Work For All™️. Eighty-five percent of the evaluation is based on what employees say about their experiences of trust and reaching their full human potential as part of their organization, no matter who they are or what they do. Great Place To Work analyzes these experiences relative to each organization’s size, workforce make up, and what’s typical relative to their peers in the industry. The remaining 15 percent of the rank is based on an assessment of all employees’ daily experiences of innovation, the company’s values, and the effectiveness of their leaders, to ensure they’re consistently experienced. To be considered, companies had to meet the Great Place To Work-Certified standard. To ensure survey results truly represent all employees, Great Place To Work requires that Trust Index©️ survey results are accurate to a 95% confidence level with a 5% margin of error or better. We review any anomalies in survey responses, news and financial performance to ensure there aren’t any extraordinary reasons to believe we couldn’t trust a company’s survey results. Companies with 10 to 99 people were considered for the small and medium category; companies with 100 employees or more were considered for the large category