REPRINTED WITH PERMISSION
December 14, 2020
MANAGERS WITH 1,000 OR MORE EMPLOYEES
FOURTH PLACE
T. Rowe Price
Headquarters: Baltimore
AUM as of June 30: $1.22 trillion
Employees: 7,489
IN THEIR OWN WORDS:
T. Rowe Price has a unique culture. With a focus on collaboration and inclusion, its employees feel appreciated and respected. This was most recently demonstrated by the firm’s handling of the pandemic. In a survey of its workforce in April, 88% of employees were satisfied with the way T. Rowe Price has responded to their needs, and 82% felt that T. Rowe Price is taking a genuine interest in their well-being.”
3 COOL THINGS:
- The 401(k) plan provides a company contribution of up to 12.5% of an associate’s salary, if he/she contributes 4%.
- Granted all employees two extra wellness days to use before August 2020 in response to COVID-19. Associates employed as of Jan. 1, 2021, will receive an additional three wellness days in 2021.
- Provides on-site massage therapy, yoga classes, and gyms. Corporate gardens are tended by employees, who grew and donated 581 pounds of produce last year.
EMPLOYEES SAY:
- “Strong culture, good collaborative environment, honest and candid feedback from management, strong management promoting accountability and meritocracy, organizational support for ongoing
professional development.” - “They always get it right when it comes down to social issues. They are never hesitant to come out in support of what is right. Given the current climate the country is in, T. Rowe is always on the right side of the tracks when it is relating to equality, especially for minorities and women.”
- “Solid benefits; interesting work; focus on improvement; good funding for initiatives.”
PROFILES WRITTEN BY SUZANNE COSGROVE, JUDITH CROWN, MEAGHAN OFFERMAN, TRILBE WYNNE and JULIE TATGE
Reprinted with permission from Pensions & Investments. © 2020 Crain Communications Inc. All Rights reserved.
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