OppenheimerFunds Named One of the Best Workplaces for Millennials in the U.S.

NEW YORK, June 28, 2016 /PRNewswire/ -- OppenheimerFunds, a leading global asset manager, today announced that consulting firm Great Place to Work® and Fortune have recognized the firm as one of the country's 100 Best Workplaces for Millennials in 2016, as well as one of the 30 Best Workplaces to Retire From.

"Being recognized as a highly desirable workplace for Millennials, as well as a great firm to retire from, is a real testament to the work environment we have built, a truly great place for employees at all stages of their career," said Andy Doyle, Chief Human Resources Officer. "We are proud of our employees across the organization who collectively create a culture that supports one another's personal and professional lives, transparency around communication, and internal career mobility and opportunities."

To compile the 100 Best Workplaces for Millennials ranking, Fortune asked Great Place to Work® to survey more than 88,000 Millennials (born 1981 or later), who rated their organizations on 58 workplace quality questions. Employees considered the sincerity of managers' support for people's personal and professional lives, how transparent communication is, people's ability to be themselves at work and to invest in their lives outside work, and the meaning they get from their jobs, among many other factors. Millennials' anonymous responses resulted in a total score for each company, which was compared to the benchmark for organizations of that size. Companies needed to employ at least 50 Millennials and achieve a 95% confidence level and margin of error of 5% or less in order to be eligible.

"There are more similarities than differences when it comes to what different generations want in a great workplace," says Michael C. Bush, CEO of Great Place to Work®. "Our research shows that company pride, a sense of community and competent, ethical leadership can bring Millennials, Gen Xers and Baby Boomers together for a great, high-performing workplace."

About OppenheimerFunds

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 $218 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of May 31, 2016.

Founded in 1959, OppenheimerFunds is a high conviction asset manager with a history of providing innovative strategies to its investors. The firm's 16 investment management teams specialize in equity, fixed-income, alternative, multi-asset, and factor-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.

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

© 2016 OppenheimerFunds Distributor, Inc. All rights reserved.

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.

SOURCE OppenheimerFunds

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