NEW YORK, March 29, 2017 /PRNewswire/ -- OppenheimerFunds, Inc., a leading global asset manager, announced today its place among the Best Workplaces in Financial Services & Insurance by Great Place to Work and Fortune. Results were based on surveys from more than 62,000 people working at leading financial firms. Employees at OppenheimerFunds and other winning organizations reported high levels of trust in their management, as well as camaraderie and pride in what they do.
"We're delighted to once again be recognized by Great Place to Work and Fortune," said Andy Doyle, Chief Human Resources Officer. "OppenheimerFunds is committed to building a rewarding and challenging workplace where our employees truly look forward to coming to work each day."
"Colleagues say their leaders at the Best Workplaces are consistent in their ethics and take an earnest interest in their teams' feedback when making decisions. This reflects the high level of integrity customers expect from a business entrusted with their money," said Great Place to Work Executive Vice President Kim Peters.
Research from Great Place to Work has found that employees at the best workplaces held their employers in high regard for the ways they give back to the community and the level playing field they create for career advancement. The survey results indicate that these factors lead to stronger loyalty among co-workers, as well as more robust revenue growth compared to companies that didn't make the list.
"Creating a positive work culture fosters innovation and an entrepreneurial spirit that empowers our employees to do their best work," said Art Steinmetz, Chairman and CEO of OppenheimerFunds. "This approach enables our firm to be a strategic partner to our clients and active in our communities."
In 2016, OppenheimerFunds was recognized by Great Place to Work® and Fortune as one of the country's 100 Best Workplaces for Millennials, 50 Best Workplaces for Parents and 30 Best Workplaces to Retire From. The firm has an active network of Business Resource Groups (BRGs) which include a Women's Network, Multicultural Network, PROUD Network (representing the LGBTQ community), Black Professionals Network, Military Network, Disabilities Network, Asian Professionals group and Latino Professionals group.
The firm's philanthropic initiatives include its 10,000 Kids by 2020 program, which aims to introduce 10,000 students to math literacy programs over the next several years through non-profit partnerships and active employee volunteerism. The firm works closely with organizations including the National Museum of Math, the Boys & Girls Club, and Cross-Cultural Solutions, which provides impactful and sustainable service opportunities and skills based volunteer programs in locations around the world.
Visit Great Place to Work to view the complete list.
OppenheimerFunds, Inc., a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $222 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of February 28, 2017.
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, including ESG. 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. The firm is also active through its Philanthropy & Community initiative: 10,000 Kids by 2020, reaching children with introductions to math literacy programs. For more information on the firm, visit oppenheimerfunds.com.
About The Best Workplaces in Financial Services & Insurance
The Best Workplaces in Financial Services & Insurance rankings are based on feedback from 62,450 employees at Great Place to Work–Certified organizations in these sectors. Employees completed an anonymous Trust Index© survey, answering questions about how frequently they experience the building blocks of a great workplace. Employees rated leadership strength and integrity, pride in their work and organization, opportunities for professional growth and support for work-life balance, among other factors. Results from the survey are highly reliable, having a 95 percent confidence level and a margin of error of 5 percent or less.
Earning a place on this list indicates a company has distinguished itself from peers by creating a Great Place to Work For All™. Rankings reward organizations where not only the majority of their employees experience a great place to work, but these experiences are highly consistent regardless of who people are or what they do within the organization. Results are considered based on the complexity of the employee population and relative to peer performance.
About Great Place to Work
Great Place to Work is the global authority on high-trust, high-performance workplace cultures. Through proprietary assessment tools, advisory services, and certification programs, including Best Workplaces lists and workplace reviews, Great Place to Work provides the benchmarks, framework and expertise needed to create, sustain and recognize outstanding workplace cultures. In the United States, Great Place to Work produces the annual Fortune "100 Best Companies to Work For®" and a series of Great Place to Work Best Workplaces lists, including lists for Millennials, Women, Diversity, Small and Medium Companies and over a half dozen different industries.
Follow Great Place to Work online at www.greatplacetowork.com and on Twitter at @GPTW_US. When sharing on social media about the 2017 Best Workplaces in Financial Services & Insurance, please use the hashtag: #bestworkplaces
Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.
Before investing in any of the Oppenheimer funds, investors should carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.
Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc.
225 Liberty Street, New York, NY 10281-1008
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SOURCE OppenheimerFunds, Inc.