Press release from PR Newswire
Morningstar Named One of FORTUNE's "100 Best Companies to Work For" for Second Year
Thursday, January 19, 2012
Morningstar Named One of FORTUNE's "100 Best Companies to Work For" for Second Year07:35 EST Thursday, January 19, 2012CHICAGO, Jan. 19, 2012 /PRNewswire/ -- FORTUNE has named Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, to the magazine's annual "100 Best Companies to Work For" list for the second consecutive year. Morningstar placed 89th on this year's list after ranking 95th in 2011. "At Morningstar, one of our core values is 'Great People,' which centers on our commitment to attracting, retaining, and rewarding talent, and it's a true honor for us to be included again on this list," Joe Mansueto, chairman and chief executive officer of Morningstar, said. "The great people we have here at Morningstar have all worked hard to create what I think is a special and unique culture. It's a culture that I hope will always allow each of us the freedom to do our best work, pursue our mission of helping investors in meaningful ways, and have some fun along the way." To pick the 100 Best Companies to Work For, FORTUNE partners with the Great Place to Work Institute to conduct the most extensive employee survey in corporate America; 280 firms participated in this year's survey. More than 246,000 employees at those companies responded to a survey created by the institute, a global research and consulting firm operating in 45 countries around the world. Two-thirds of a company's score is based on the results of the institute's Trust Index survey, which is sent to a random sample of employees from each company. The survey asks questions related to their attitudes about management's credibility, job satisfaction, and camaraderie. The other third is based on responses to the institute's Culture Audit, which includes detailed questions about pay and benefit programs and a series of open-ended questions about hiring practices, methods of internal communication, training, recognition programs, and diversity efforts. Any company that is at least five years old and has more than 1,000 U.S. employees is eligible. In the past year, the Chicago Tribune also recognized Morningstar for the second year in a row by naming it to its list of "Top Workplaces 2011." Glassdoor, an online jobs and career community where people share feedback about companies, named Morningstar to its list of the 50 Best Places to Work based on surveys collected on Glassdoor's website from U.S.-based employees in 2011. Additionally, Brill Street, a technology-based firm that helps companies build their workforce, named Morningstar Chicago's #1 employer for Generation Y workers. Morningstar also topped this list in 2009. Headquartered in Chicago, Morningstar also has U.S. offices in Austin, Texas, Horsham, Pa., New York, and Oakland, Md.The full list and related stories can be found at http://www.fortune.com/bestcompanies. About Morningstar, Inc.Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 330,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 5 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and has more than $167 billion in assets under advisement and management as of Sept. 30, 2011. The company has operations in 26 countries.©2012 Morningstar, Inc. All Rights Reserved.MORN-CMedia Contact:Margaret Kirch Cohen, 312-696-6383 or firstname.lastname@example.orgSOURCE Morningstar, Inc.