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The 50 Best Employers In America

Apr 15, 2014, 20:04 IST

Mike Nudelman/Business Insider

When faced with the decision of choosing between a job you love and a job that pays well, remember this: You can have your cake and eat it too.

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The second annual list of the best employers in America by PayScale and Business Insider evaluates companies by both pay and happiness.

Go straight to the companies »

For the second year, New Jersey biotechnology company Celgene Corporation topped the list as the Best Employer in America. In fact, many of the best companies are in the health-care industry.

The tech industry was booming last year, with typical top companies such as Google and Yahoo taking the second and eighth spots, respectively. This year, however, tech companies took a noticeable tumble - Google dropped to No. 8 this year, Yahoo fell to No. 17, and Microsoft, which ranked No. 14 last year, fell off the map.

In creating this list, companies in the Fortune 500 were ranked using PayScale's salary and survey database. Final scores were determined by multiplying six criteria factors: high job satisfaction, low job stress, high work-schedule flexibility, high job meaning, experienced median pay, and salary delta (that is, how the median pay compares to other companies in the same industry). Since we think that pay is one of the most important factors, we double-weighted pay in our calculations. Read the full methodology here.

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