TORONTO, April 17, 2014 /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.
"It is a tremendous honour for Morningstar Canada to be recognized as one of the best workplaces in Canada for the second year in a row," Scott Mackenzie, president and CEO of Morningstar Canada, said. "Our employees take an active role in making Morningstar a great place to work. We have employee action teams focused on responding to the Best Workplaces in Canada survey feedback, and in 2013, the teams launched a number of successful initiatives that enhanced our workplace environment. They are eager to review this year's feedback and get started on developing new initiatives."
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 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.
"We would like to recognize and congratulate Morningstar for its success in creating a great workplace culture," Jose Tolovi Neto, managing partner for Great Place to Work® Canada, said. "Morningstar was ranked on our 2014 list because employees told us they trust management, have pride in their jobs, and enjoy the people they work with."
More than 300 Canadian companies were nominated and more than 60,000 employees at those companies participated in the 2014 "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 46 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 446,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 10 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 had approximately $159 billion in assets under advisement and management as of Dec. 31, 2013. The company has operations in 27 countries.
©2014 Morningstar, Inc. All rights reserved.
SOURCE: Morningstar Research Inc.
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