In environments as fast-paced and quickly evolving as today’s HR landscape, people professionals may be looking to organizations with standout HR functions for insight on the path to innovation. Those lessons can be found on this year’s Most Admired for HR list, compiled by Korn Ferry and Fortune to recognize the world’s most effective HR functions.
Topping the rankings this year is Nvidia, followed by United Health Group, both of which jumped up three spots in the past year. Taiwan SemiConductor took the third spot for another year and fellow global semiconductor company Advanced Micro Devices advanced three spots to fourth.
Other notable movers in the top 10 include Amazon, which jumped 22 spots to fifth place, and Eli Lilly, rising 39 spots in the ranks to No. 8. Meanwhile, Apple fell from second place on the 2023 list to sixth this year, while last year’s top-ranked organization, DHL Group, dropped 92 spots.
See more: How AMD’s culture transformation made it an org Most Admired for HR
Korn Ferry teams with Fortune each year to determine the World’s Most Admired Companies—based on the 1,000 largest U.S. companies ranked by revenue and non-U.S. companies in Fortune’s Global 500 database with at least $10 billion in annual revenues. Korn Ferry then selects the highest-revenue companies in each industry, surveying 660 companies from 29 countries and creating 52 industry lists. Organizational leaders and industry analysts then rate each company in their industries on nine criteria. To arrive at HR Executive’s Most Admired for HR rankings, Korn Ferry recalibrates the Fortune attribute scores, isolating criteria relevant to HR: management quality, product/service quality, innovation and people management.
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