An open-door policy and an environment of real positivity and encouragement
First place, managers with 100 to 499 employees
WisdomTree Asset Management offers “a culture of positivity and encouragement,” one employee notes about the firm, underscoring comments by other workers on how top managers encourage workers to learn all aspects of the firm, which specializes in exchange-traded funds.
“We have an entrepreneurial spirit,” said Jonathan Steinberg, the CEO and president of the New York-based firm, which has been honored for the second consecutive year in Pensions & Investments' Best Places to Work in Money Management survey. “When you have to compete (with bigger firms), the team has to be great.”
Mr. Steinberg has an open door policy, encouraging employees to ask questions and acknowledging that this approach also helps him learn more about employees at the firm, with $38 billion in assets under management.
WisdomTree has 153 employees based in the U.S. and 53 outside the U.S.
The New York headquarters offers semi-monthly informal chats in which department heads talk about what they do so other employees develop a more comprehensive understanding of the firm.
“We have an extremely open, supportive culture that encourages everyone to be part of the organization's success,” another employee wrote in the anonymous survey.
The encouragement extends to activities outside of work. For example, WisdomTree offers a paid two-month sabbatical for employees who have worked at the firm for 10 years. “It's a benefit people are excited about,” Mr. Steinberg said. WisdomTree's charitable efforts include giving employees a “paid day of service” to volunteer for a cause of their choice.
The company works with New York Cares, a social services organization that enables employees to volunteer in the New York City area.
For example, employees have participated in the New York Care “Winter Wishes” program for the last five years. Employees act as “secret Santas,” purchasing gifts for needy children.
This article originally appeared in the December 12, 2016 print issue as, "WisdomTree Asset Management".