Pensions & Investments' third annual search for the Best Places to Work in Money Management has begun.
Three steps stand between your firm and the coveted designation: First, your human resources director or someone else qualified to discuss hiring, benefits and general compensation practices must register; second, that person must complete the employer survey; and third, your employees need to complete a short survey.
Go to pionline.com/BPTW2014 to register. There you also will find links to frequently asked questions and answers, as well as to sample employer and employee questionnaires.
Results will be published in the Dec. 8 issue of P&I, and will include profiles and photos of the firms that make the list, with additional content online.
Buck Consultants' global survey unit, P&I's partner on Best Places to Work in Money Management, will use the survey results to rank those money management firms that complete the process.
The rankings are based 60% on the employee survey responses and 40% on the employer survey response. And while some topics seem qualitative (work-life benefits, special perks and the like), Buck uses a quantitative formula to tabulate the responses.
Registration will close May 16. The employer survey will be distributed on June 11, and will be due back on July 11. The employee questionnaires will be e-mailed as firms complete their employer surveys and provide Buck with employee e-mail addresses. The employee questionnaires will be due Aug. 15. Employee responses are anonymous, and companies will not be allowed to see them.
Officials at firms that make the list can expect to be contacted in October.
Money managers nominate themselves; they must have a minimum of 20 U.S. employees to participate.
P&I's editors believe in emphasizing the importance of human capital — and not just investment performance. A company listed among the Best Places to Work in Money Management can use that honor to better retain and attract employees, and to show clients and prospective clients what sets the firm apart.
The number of firms designated as “Best Places to Work in Money Management” will be determined by Buck officials and P&I editors, and depends on the size and kind of firms participating and the distribution of the scores.
Last December, P&I recognized 25 firms in five categories, including a first-time designation for alternative investment managers. In 2012, the inaugural year, 15 money managers in three size categories were honored.