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.
Next, data was tallied according to 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.”
Canada’s top startup employers are geographically diverse. For example, the top five feature Montreal’s Moov AI, Winnipeg’s Laivly, Vancouver’s Operto Guest Technologies, Ottawa’s Noibu, and Toronto’s OpsLevel.
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.
The Top 10 was rounded out by Pelcro, Vffice, Koios Intelligence, NDAX, and Infostrux Solutions.
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.