Forbes this month released its first-ever ranking of Canada’s Best Startup Employers.
To determine the ranking, Forbes partnered with research firm Statista to identify a shortlist of more than 1,000 companies based in Canada.
Startups were then evaluated based on three main criteria: employer reputation, employee satisfaction, and company growth. Data points were tallied into a scoring model and the 200 companies with the highest total scores made the Forbes list.
“It hasn’t been easy to be a startup lately,” the Forbes ranking reads. “There are, however, some Canadian startups that show no signs of slowing down—which Forbes has now captured in our first-ever ranking of Canada’s Best Startup Employers.”
The Forbes list shows that Canada’s top startup employers are geographically diverse, stretching across the nation.
The ranked startups also span a wide array of sectors, from Security and Consulting to Finance and, of course, Technology. Indeed, there are several tech-oriented categories, including Software Services, Electronics, Ed-Tech, Bio-tech and Ag-tech, and Robotics & Engineering.
Calgary-based startups on the list include fintech-to-watch OneVest, fellow fintech PayShepherd, Krux Analytics, crypto exchange NDAX (which cracked the top 10), and ZeroKey, which develops large-scale 3D real-time location systems with an emphasis on the digitization of industrial manufacturing, warehousing, and supply chain operations.
To assess Employer Reputation, Statista searched articles and social media posts about each company, scanning for specific phrases—then used text analysis to categorize firms’ reps as positive, negative or neutral. Employee satisfaction was measured by researching employee retention, as well as by exploring the companies’ websites to gather information perks and benefits offered to staff.
The Growth metric, meanwhile, was evaluated by examining each organizations’ website traffic, head counts, and open job listings.
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