NEW YORK, Dec. 12, 2016 /PRNewswire/ -- OppenheimerFunds, Inc., a leading global asset manager, today was named a Best Place to Work in Money Management for 2016 by Pensions & Investments. The fifth-annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money management industry.
"Again this year, it is clear that what makes firms great employers isn't necessarily about salaries. Many firms were cited for their culture and benefits," said P&I Editor Amy B. Resnick. "Our surveys found that the employers on the list were much more likely to offer things like flex time, telecommuting, child and elder care, family leave, job sharing and adoption assistance. Employees at these top-ranked firms most often cited their colleagues, the firm's culture and the benefits as the things that make it a great place to work."
OppenheimerFunds has rolled out numerous new initiatives over the past year, including launches in the ETF and ESG spaces and its international expansion. As the firm strives to be a client-centric organization – clients include corporations, public funds, foundations and endowments around the world – it offers employees training on new programs and incorporates client feedback. Additionally, the firm surveys its employees regularly and acts directly on those learnings to continually enhance the work environment. For example, at its New York headquarters, OppenheimerFunds this year opened state of the art conference facilities for clients and employees, a broadcast studio for internal and external video production, and revamped internal digital signage to highlight corporate updates and new initiatives. In Denver, the firm has partnered with Galvanize, a collaborative alternative workspace, to complement its main office campus.
The firm's philanthropic work and community collaboration are also highly valued by employees and include the launch of its 10,000 Kids by 2020 math literacy program this year, in partnership with The National Museum of Mathematics, The Boys and Girls Club, and Cross-Cultural Solutions. The firm's Volunteer Time Off Program ("VTOP") allows employees the chance to spend two full workdays per year rolling up their sleeves and making a difference volunteering with projects sponsored by qualified organizations.
"We're proud that P&I, a trusted resource in the institutional investment market, has recognized OppenheimerFunds as a great place to work in asset management," said Art Steinmetz, Chairman and CEO, OppenheimerFunds. "We strive to create a work environment that is exciting and challenging, and a culture where we continually put our clients at the center of everything we do."
Pensions & Investments partnered with Best Companies Group, an independent research firm specializing in identifying great places to work, to conduct a two-part survey process of employers and their employees.
The first part consisted of evaluating each nominated company's workplace policies, practices, philosophy, systems and demographics. This part of the process was worth approximately 25% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the top companies.
For a complete list of the 2016 Pensions & Investments' Best Places to Work in Money Management winners and write-ups, go to www.pionline.com/BPTW2016.
OppenheimerFunds, a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $219 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of November 30, 2016.
Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors. The firm's 15 investment management teams specialize in equity, fixed-income, alternative, multi-asset, and revenue-weighted-ETF strategies. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from endowments and sovereigns to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. For more information, visit oppenheimerfunds.com.
About Pensions & Investments
Pensions & Investments, owned by Crain Communications Inc., is the global news source of money management. P&I is written for executives at defined benefit and defined contribution retirement plans, endowments, foundations and sovereign wealth funds, as well as those at investment management and other investment-related firms. Pensions & Investments provides timely and incisive coverage of events affecting the money management and retirement businesses. Visit us at www.pionline.com
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SOURCE OppenheimerFunds, Inc.