Cummins, Caterpillar achieve top 20 status on Fortunes Top Companies for Leaders list
COLUMBUS, Ind. — Cummins and Caterpillar have each cracked the top 20 list for Fortunes Top Companies for Leaders 2007 in North America. Cummins claimed the 14th spot, while Caterpillar was close behind, taking number 15. General Electric received the top ranking on the list.
This is a wonderful honour for Cummins, said Jill Cook, vice-president, human resources. We understand that to be a top company, we must have outstanding leaders — individuals who live the Cummins values and are committed to making this a great place to work. This listing among the top 20 tells us we are on the right track in our focus on leadership development.
To compile the top 20 lists, Hewitt Associates and its research partners Fortune and The RBL Group surveyed human resources executives around the world. The study was open to organizations of any type (public, private, or nonprofit) from any location, with revenues of any size.
In late 2006, approximately 10,000 companies, which included Fortune 1,000 companies and Hewitt and RBL Group clients, were sent surveys. A total of 563 companies from around the globe participated. They completed a detailed questionnaire that examined factors that influence leader quality and depth in organizations. All entries were analyzed for responses that were consistent with strong leadership practices.
From all participants, 250 were designated as finalists and asked to complete an in-depth interview with Hewitt to gain greater clarity and depth about their specific leadership practices. In addition, one or more senior business executives from each finalist company completed interviews to discuss how leadership is a part of their organization’s culture.
A panel of judges, composed of authors, academics and journalists, gathered in each region to select and rank the 2007 Top Companies for Leaders lists in Asia-Pacific, Europe, Latin America and North America. The judges considered many variables in selecting and ranking the lists, including the survey and interview data, company reputation, leadership culture and values.
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