TORONTO, April 10, 2015 /CNW/ -- Great Place to Work® Institute Canada has named Morningstar Research Inc. (Morningstar Canada), a subsidiary of independent investment research provider Morningstar, Inc. (NASDAQ: MORN), as one of this year's Best Workplaces in Canada.
"Morningstar Canada is proud to receive this distinction for the third consecutive year," Scott Mackenzie, president and CEO of Morningstar Canada, said. "We have an entrepreneurial culture, and our employees are actively involved in responding to the feedback gathered by the Great Place to Work Institute. In 2014, employee action teams launched a series of initiatives to foster open communication among departments and between employees and senior management. I look forward to seeing how the action teams respond to the feedback from this year's survey."
The "Best Workplaces in Canada" list is compiled by Great Place to Work® Institute Canada. The competition process is based on two criteria: two-thirds of the total score comes from a 58-statement survey completed by a random selection of employees, along with their open-ended comments about their organization; the remaining one-third of the score comes from an in-depth review of the organization's culture, including an evaluation of human resources policies and procedures. This process offers a rigorous representation of the organization from an employee perspective and an overall portrait of the workplace culture. Together, they provide crucial data relative to the five trust-building dimensions of a great place to work: credibility, respect, fairness, pride, and camaraderie.
Jose Tolovi Neto, Managing Partner of Great Place to Work® Canada, said: "Our global Best Workplace lists stand out from the rest as they follow strict methodologies carried out in all 52 countries in which we operate and are the only lists to use employee comments for two-thirds of the ranking process. As the marketplace continues to be highly competitive, Morningstar Research Inc., now in its third year as a Best Workplace, is well-equipped to stay ahead of the competition by creating a workplace that boasts a culture of trust, boosts productivity, and ultimately increases its business performance."
More than 300 Canadian companies were nominated and more than 60,000 employees at those companies participated in the 2015 "Best Workplaces in Canada" survey. The full list of winners and related stories can be found at www.greatplacetowork.ca.
About the Great Place to Work® Institute
Great Place to Work® Institute is a global research and management consultancy with expertise on workplace transformation and a presence in more than 50 countries worldwide. Its mission is to improve society by creating better workplaces. The organization is best-known for its global Best Workplaces Programme, which is produced in conjunction with prestigious media partners such as The Globe and Mail, the Financial Times, and Fortune. With more than 5,500 organizations surveyed every year across the globe, the programme is the world's largest of its kind. The Institute passionately believes that any company or organization can become a great place to work. Its mission is to help companies succeed.
About Morningstar Research Inc. and Morningstar, Inc.
Morningstar Research Inc. is a Canadian subsidiary of Chicago-based Morningstar, Inc., 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 individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 14 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 investment advisory subsidiaries and had approximately $170 billion in assets under advisement and management as of Dec. 31, 2014. The company has operations in 27 countries.
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SOURCE Morningstar, Inc.