Baird ranked in ‘Fortune’s 100 Best Companies To Work For’
May 22, 2014
For the 11th straight year, Robert W. Baird & Co. has earned recognition among "Fortune's 100 Best Companies to Work For," this year ranking ninth on the list, making it the company's first time in the top 10.
"We are honored and humbled to earn this recognition for the 11th year in a row and to rank in the top 10 for the first time. This is a wonderful recognition for all associates," Baird Chairman and CEO Paul Purcell said.
"This honor says a lot about the outstanding team we have here at Baird, and it's a testament to our culture and commitment to creating an environment where associates can thrive."
With office headquarters in Milwaukee, Wis., the international wealth management group opened an office in Grass Valley in 2005, and has expanded by 31 new offices in the past five years, which has increased the company's employment by 22 percent.
Baird delves into capital markets, private equity and asset management with offices in the United States, Europe and Asia.
Founded in 1919, Baird has more than has more than $100 billion in client assets.
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The company's president, Steve Booth, said that Baird's business values are what set them apart from other companies, and are what make the company a desirable place to work.
"Our business is all about people," Booth said. "Our associates genuinely care about the people they work with and the clients they serve. Our structure as an employee-owned, independent firm is a key differentiator for Baird."
Fortune's 100 Best are selected from data compiled by the Great Place to Work Institute, an independent organization that defines a great workplace as one where employees "trust the people they work for, have pride in what they do, and enjoy the people they work with."
Applicants receive scores based on an associate survey, which accounts for two-thirds of company's overall score.
A comprehensive application makes up the remaining third of the score.
Companies must also complete a data-intensive company profile that covers benefits, training, employment statistics and diversity.
According to a press release submitted to The Union, 55 percent of Baird's more than 2,900 associates are shareholders in the company. Baird recently expanded shareholder criteria that will enable more associates to become shareholders in the coming year.
The company provides their staff with a 37.5-hour workweek, lengthy service, with 13 percent of their employees with a tenure of more than 15 years, and employee ownership, as 80 percent of the company's stock is owned by nonsenior-management associates. The company has more than 100 locations worldwide.
Julie Schaefer is a Client Relationship Assistant at Baird's Grass Valley office, and says she is not in the least bit surprised that Baird continues to build a reputation for being a great company to work for.
"We have been here for five years and we still love Baird as much as the day we came," Schaefer said. "They make it clear that they value all the employees from the support staff up, and I've never felt that before.
Schaefer added, "Everybody is pitching in to make things good here, and we have a special group that just focuses on maintaining the culture. So they know what they've got here is special, and they work hard to conserve that culture."
For more information, go to http://www.rwbaird.com.
To contact Staff Writer Ivan Natividad, email firstname.lastname@example.org or call 530-477-4236.