New York, NY (December 14, 2016) – OppenheimerFunds, Inc., a leading global asset manager, announced today its place among the 2016 Best Workplaces for Parents. The ranking is based on anonymous employee feedback, as well as benefits that help mothers and fathers participate fully in their organizations.
The ranking considered the results from more than 120,000 surveys of U.S. employees across a range of industries. OppenheimerFunds and other winning businesses excelled in parents’ assessment of their companies’ fairness, camaraderie, professional opportunities and other factors essential to a rewarding career. OppenheimerFunds understands that the benefit of a supportive workplace for parents extends to their colleagues, as well. Research from Great Place to Work has found that high-trust workplaces often experience lower turnover and faster revenue growth than their peers.
“Supportive colleagues, trusting managers and equal opportunity for advancement: The strengths of The Best Workplaces for Parents benefit all of their employees,” said Michael C. Bush, CEO of Great Place to Work. “The culture of professional respect at these companies is especially valuable for mothers and fathers as they meet the simultaneous challenges of work and family life.”
“It is a privilege to be recognized by Great Place to Work and Fortune as a Best Workplace for Parents. OppenheimerFunds strives to provide a work environment that is both supportive and exciting throughout all stages of one’s career,” said Andy Doyle, Chief Human Resources Officer. “This recognition combined, along with the other accolades we have received this year, underscores our firm’s commitment to innovating and to building a workplace where our employees can look forward to coming to work each day.”
Earlier this year, OppenheimerFunds was recognized by Great Place to Work® and Fortune 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. The firm was also named this week a Best Place to Work in Money Management for 2016 by Pensions & Investments, and earlier this month received a perfect score on the 2017 Corporate Equality Index, released by the Human Rights Campaign (HRC) Foundation, the educational arm of the nation’s largest LGBTQ civil rights organization.
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 and Disabilities Network. Two additional working groups are the Asian Professionals group and Latino Professionals group.  Approximately 39% of OppenheimerFunds employees are a member of at least one BRG.