TORONTO, April 10, 2013 /CNW/ - Great Place to Work ® Institute Canada has named Morningstar Research Inc., a subsidiary of independent investment research provider Morningstar, Inc. (NASDAQ: MORN), as one of this year's Best Workplaces in Canada.
"Morningstar's unique culture is driven by our mission, which is to create great products that help investors reach their financial goals," said Scott Mackenzie, president and CEO of Morningstar Canada. "It is a tremendous honour for Morningstar Canada to be recognized as a great place to work, and this acknowledgement is particularly rewarding given that the results are so heavily based on direct feedback from our employees. We have great people who strive to make a difference in our business each day and ultimately set us apart from other companies."
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.
"Great Place to Work ® Institute would like to recognize and congratulate Morningstar Canada for its success in creating a great workplace culture," said Jose Tolovi Neto, managing partner at Great Place to Work ® Institute Canada. "Morningstar has been ranked on our 2013 list because employees told us they trust management, have pride in their jobs, and enjoy the people they work with. Employees at Morningstar care about their work, their organization, and their community."More than 300 Canadian companies were nominated and more than 57,000 employees at those companies participated in the 2013 "Best Workplaces in Canada" survey. The full list 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 individuals, financial advisors, and institutions. Morningstar provides data on approximately 416,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 9 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 approximately $149 billion in assets under advisement or management as of Dec. 31, 2012. The company has operations in 27 countries. SOURCE Morningstar Research Inc.