Pensions & Investments worked with an independent research firm to determine the list of top employers for the 2024 Best Places to Work in Money Management.
Headquartered in Humble, Texas, Workforce Research Group conducted a two-step process to develop the list, designed to collect information about each employer and measure employee engagement.
To participate, an organization needed at least 20 employees in the U.S., and at least $100 million of discretionary, institutional assets under management or advisement. Each employer also had to be in business for at least one year.
In part one, the employer detailed its policies, practices, benefits and demographics in a questionnaire. Next, Workforce Research Group confirmed the U.S. employment numbers for each firm.
In part two, employees received an email with an engagement and satisfaction survey that consisted of about 80 statements. They were asked to respond on a 1-to-5 scale of “Disagree Strongly” to “Agree Strongly.” Respondents were allowed to answer “N/A.”
In addition, two questions were asked: “What are the top two or three reasons people like working for this organization?” Employees also responded to: “What two or three things can this organization add or change to improve employee engagement and success?”
The compiled data allowed Workforce Research Group to determine the strengths and weaknesses of participating firms. Employee responses accounted for 80% of the total company score, and the employer responses made up the remaining 20%.
For the last step, the research firm examined the data to verify and finalize the rankings. At P&I’s request, participating employers were ranked against others of similar size.
Assets under management and assets under advisement figures are as of June 30, unless otherwise noted. Survey comments from employers and their staff have been edited for space, style and clarity.
