Firm's 11th consecutive year on the list
MILWAUKEE, Jan. 16, 2014
“We are honored and thrilled to be recognized for the 11th consecutive year among the nation’s best places to work,” said Paul E. Purcell, Baird Chairman & Chief Executive Officer. “Our commitment to being a great place to work is essential to our ability to provide the best financial advice and service to our clients, as it enables us to attract and retain talented associates who care deeply about our clients.”
Among the many workplace attributes that the 100 Best Companies are evaluated for, FORTUNE specifically highlighted several that it says make Baird a great place to work. According to FORTUNE, “What makes it so great? A capped 37 1/2-hour workweek for hourly associates, lengthy service (13% of employees have been here more than 15 years), and employee ownership (80% of the stock is owned by non-senior-management associates) are all cultural hallmarks of this financial services company, which has 106 locations.”
“Our structure as an employee-owned, independent firm is a key differentiator for Baird,” said Steve Booth, Baird President & Chief Operating Officer. “Our business practices are aligned with our values, creating a great place for both our associates – who are able to have an equity stake in our business – and our clients.”
Baird’s employee-owned model means it can plan for the long term. That longer-term perspective and Baird’s strong, client-focused culture have enabled the firm to excel even in challenging environments. For instance, in the past five years, Baird opened 31 new business locations in the U.S. and abroad and increased employment 22% while employment in the U.S. securities industry decreased 2%. Additionally, Baird:
- Has posted an operating profit for 136 consecutive quarters (34 years) and its stock value, including dividends, has grown nearly 220% since 2002;
- Realized more than $1 billion in revenue in 2013, its fourth consecutive year of record revenue;
- Has more than $100 billion in client assets.
To pick the 100 Best Companies to Work For, FORTUNE partners with the Great Place to Work Institute to conduct the most extensive employee survey in corporate America; 257 firms participated in this year's survey. More than 252,000 employees at those companies were surveyed by the institute, a global research and consulting firm operating in 45 countries around the world. Two-thirds of a company's score is based on the results of the institute's Trust Index survey, which is sent to a random sample of employees from each company. The survey asks questions related to their attitudes about management's credibility, job satisfaction, and camaraderie. The other third is based on responses to the institute's Culture Audit, which includes detailed questions about pay and benefit programs and a series of open-ended questions about hiring practices, methods of internal communication, training, recognition programs, and diversity efforts. After evaluations are completed, if news about a company comes to light that may significantly damage employees' faith in management, we may exclude it from the list. Any company that is at least five years old and has more than 1,000 U.S. employees is eligible. The deadline for applying for next year's list is June 30, 2014. For an online nomination form, go to the Great Place to Work Institute's web site. If you have further questions about the Best Companies to Work For, please email firstname.lastname@example.org
Baird is an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Established in 1919, Baird has more than 2,900 associates serving the needs of individual, corporate, institutional and municipal clients. Baird has more than $100 billion in client assets. Baird’s principal operating subsidiaries are Robert W. Baird & Co. in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird’s investment banking and private equity operations. For more information, please visit Baird’s Web site at rwbaird.com.