At OppenheimerFunds, 91 percent of employees say their workplace is great.

EMPLOYEE RATINGS

     

This review is based on 736 employee surveys, with a 90% confidence level and a margin of error of ± 2.43. It was published on Jun 1, 2016. 4291 Visitors

What Employees Say

I am able to take time off from work when I think it's necessary.
95%
 
I'm proud to tell others I work here.
93%
 
Our facilities contribute to a good working environment.
91%
 
Management is honest and ethical in its business practices.
90%
 
I feel good about the ways we contribute to the community.
90%
 

What They Do

We asked OppenheimerFunds to explain what they do. Here is what they had to say.

OppenheimerFunds is a global asset manager that helps investors pursue their financial goals.  Our high conviction culture and commitment to unconventional thinking have allowed us to develop innovative strategies that anticipate and address the changing needs of investors.

About this Company

Website: www.oppenheimerfunds.com Industry: Financial Services & Insurance
US Headquarters: New York, New York US Sites: 7
Major Locations: Denver, Colorado; Rochester, New York; Dallas, Texas; Philadelphia, Pennsylvania US Employees: 2,080
Corporate Structure: Private Founded: 1959

OppenheimerFunds has been awarded:

Best Workplaces for Working Parents 2016 (ranked 49)

Best Workplaces to Retire From 2016 (ranked 20)

Best Workplaces for Millennials 2016 (ranked 96)


Our Women's Business Resource Group supports women and provides a forum for networking, philanthropy and professional development.

Perks and Programs

We asked OppenheimerFunds to share a few programs they feel really capture what's unique about their workplace. Here is what they had to say.

  • Client Centric: At OppenheimerFunds, our mission is to turn our unconventional wisdom into value for investors. This drives us every day. We expect people to work hard and smart in the pursuit of excellent results for our firm – and for themselves. It’s how we approach every opportunity. Ultimately, our clients succeed when our people do.
  • Diversity, Inclusion & Business Resource Groups: At OppenheimerFunds, the strength of our business comes from the diversity of our people. In celebrating our differences, we build a more diverse and inclusive workforce that best positions us to serve the needs of investors. Our goal is to ensure we relate to and penetrate an increasingly diverse marketplace using the collective wisdom of our diverse employees. Our Business Resource Groups are volunteer-driven communities that foster a diverse and inclusive workplace while remaining aligned to our Growth Strategy and Corporate Values. Our current groups focus on women's issues, the LGBT community, veterans and cultural diversity, with additional networks for Black and Hispanic professionals to be rolled out in 2017. These groups provide leadership and development opportunities, increase employee engagement and drive connectivity among employees.
  • Living our Corporate Values, aka the "No Asshole” Rule: Our Corporate Values – Excellence, Integrity, Collaboration and Passion - serve as the foundation for how we conduct business, and they define the behaviors, attitudes and philosophies that guide our company. Our business and reputation are built on our integrity and commitment to always act in the best interest of our investors, clients and each other. We always do what is fair, honest and honorable. More simply, we do the right thing. We don't tolerate people who do not behave with respect for colleagues and our clients. We make sure we hire and retain only those individuals who are focused on our company's mission, live our values, and work together towards our common goals.
  • Development Focused: We recognize that everyone has different career aspirations and timeframes. OppenheimerFunds’ key objective is to provide a framework to help our employees define a plan and drive their own career development, at their own pace. We have transitioned from traditional ratings-based performance reviews. Instead, in the absence of ratings, managers and employees focus their efforts on rich, straightforward dialogue around performance, meeting goals and objectives, developing skills to further one’s career, and defining strengths and areas for improvement.
  • Work/Life Balance: OppenheimerFunds recognizes the importance of work/life balance and offers rewarding career opportunities, while providing programs and benefits that recognize family and personal needs. We offer a generous New Parent Leave policy; after one year of service, mothers giving birth are eligible for a 13-week paid Maternity Leave, and non-birthing/adoptive parents are eligible for a 5-week paid New Parent Family Leave.
  • Wellness: OppenheimerFunds promotes health and well-being by offering free fruit, filtered water service, and gourmet coffee. Our onsite Colorado Fitness Center provides employees with the opportunity to exercise at their convenience, including fitness classes offered throughout the week. Additionally, we offer a bike share program and a recreational area with a basketball court, sand volleyball court, 7-hole putting green, seating area and BBQ grills. In New York City, the firm provides fitness center subsidies.
  • Saving for the Future: OppenheimerFunds provides quarterly profit sharing incentives based on overall firm performance. Eligible employees with one year of service at the beginning of each calendar quarter automatically receive profit sharing contributions into their 401(k) accounts. After one year of service, OppenheimerFunds offers a 401(k) contribution match up to 4.5%. For participants earning less than $75,000 per year, the company makes an additional annual contribution to their 401(k) accounts (up to $1,000 for employees with one to four years of service and up to $2,000 for employees with five or more years).

COMPENSATION BY THE NUMBERS

$54,965 Average salary and additional cash compensation for a position within our Transfer Agency (full-time hourly). $339,502 Average salary and additional cash compensation for a Senior Advisor Consultant (full-time exempt).
100% 401(k) match of employee's contribution, up to 4.5% of an employee's salary72% Company-paid health coverage for employees
72% Company-paid health coverage for dependents 72% Company-paid health coverage for part-timers
20 hours Weekly hours required for part-timers to receive health insurance $5,000 College Tuition Reimbursement

COMPENSATION PROGRAMS

  • 401(k) plan
  • Stock options to employees
  • Health insurance for retirees
  • Pre-tax savings account
  • Restricted stock units to employees
  • Long-term care insurance to employees

PERKS TO MAKE LIFE EASIER

  • Free snacks during the day
  • Subsidized lunch on a regular, daily basis
  • Discount ticket sales
  • Weight watchers meetings
  • Dry cleaning
  • Personal travel service
  • Free beverages during the day
  • On-site package/mailing service
  • Fitness classes
  • Convenience store
  • Banking
  • Subsidized public transportation
Employees get to experience unique, one-of-a-kind opportunities at OppenheimerFunds as a thank you for their hard work. At our town halls held last year, employees got to meet and have their photo taken with baseball legend Cal Ripken Jr.

WORK-LIFE BALANCE BY THE NUMBERS

30 days Paid time off after one year of full-time employment 18 days Paid time off after one year of part-time employment
21 days Paid sick days after one year of full-time employment 9 days Paid sick days after one year of part-time employment

WORK-LIFE BALANCE PROGRAMS

  • Flexible schedule
  • Compressed work weeks (5% use it)
  • Telecommute option
  • Phased retirement planning

FAMILY CARE BY THE NUMBERS

130 days Job-protected maternity leave65 days Fully-paid maternity leave (does not include personal vacation or paid time off)
69 days Average length of maternity leave new mothers take25 days Job-protected paternity leave
25 days Fully-paid paternity leave (does not include personal vacation or paid time off)22 days Average length of paternity leave new fathers take
$5,000 Adoption benefit25 days Job-protected parental leave for adoptive parents
25 days Fully-paid parental leave for adoptive parents (does not include personal vacation or paid time off)
*Employees are not required to use all their personal paid time off before taking parental leave. All employees are eligible for parental leave benefits.

FAMILY CARE PROGRAMS

  • Childcare reimbursement during business travel
  • Elder care resources
  • Lactation room(s)
  • Paid sick leave to care for a child or relative

HEALTH INSURANCE COVERS

  • Medical care
  • Vision care
  • Mental health care
  • Fertility treatments
  • Dental care
  • Prescription drug subsidy
  • Alternative treatments (such as acupuncture, homeopathy, or chiropractic)

ONSITE HEALTH BENEFITS

  • Cholesterol tests
  • Flu shots
  • Fitness center (at some locations)
  • Blood pressure screening
  • Complete biometric screening
  • Subsidized offsite gym memberships

Community Involvement & Philanthropy

16 hours Paid time off to volunteer $1,107,036 Philanthropic donations in last year
$658,019 Total company-matched employee donations in last year

Diversity

  • Formal programs support professional development for: Under-represented racial/ethnic minority groups; Women; Lesbian, gay, bisexual or transgender employees
  • 9 events a year connect employees with peers from different racial/ethnic, religious or country-of-origin identities
  • Married employees in same-sex or heterosexual relationships receive the same benefits
  • Non-birth parents in same-sex relationships can take parental leave

Executive Diversity

 
Our Denver office hosts an annual employee appreciation event for the whole family to enjoy.

Demographics

 
Our New York employees take advantage of our open workspace to collaborate during a daily stand-up meeting.

How to Get Hired

We asked OppenheimerFunds for some inside information on how to get hired at the organization. Here is what they had to say.

What key characteristics tell you a prospective employee will be a great fit for your company?

OppenheimerFunds seeks candidates who share our high conviction philosophy, demonstrate passion for what they do, strive for excellence and continuous improvement, challenge themselves, support their teammates and drive results.  Other key characteristics we look for include the ability to communicate well, act with integrity, be accountable to others and build relationships to complement the capabilities of the team.

What can prospective employees do to get your attention?

OppenheimerFunds is active in social media, and we notice candidates who have a strong and compelling presence across various channels, particularly with their LinkedIn profiles.  Prospective candidates who leverage their networks to connect with employees within our company and learn about our culture and opportunities get our attention.

Are there any positions or types of candidates you are particularly focused on hiring in this coming year?

OppenheimerFunds is continuously looking for great talent.  Please visit our Careers website at https://careers.oppenheimerfunds.com to learn more about our current opportunities. If you feel you are a good fit for a position, regardless of your current location, please apply.

What should interested candidates do to find out more and get started?

Prospective employees should visit our Careers website (https://careers.oppenheimerfunds.com) to learn more and get started.  Candidates can apply directly to a specific, open position on the site, or they can apply to our "Universal Application" job if they don't see something that interests them right away.  We use these applications in our searches on a daily basis. If a candidate is a fit for the position he/she applies for, one of our Talent Acquisition specialists will contact him/her to initiate a conversation.  We keep all applications on file and review them whenever we have an open position, and we will contact candidates if we find something we think would be of interest.

hiring Outlook

500 Job openings forecast for coming year 2% Job Growth
68 Average applicants per opening 39,119 Applications received
523 Positions filled in past year 29% New hires by employee referrals
158 New positions created 188 Jobs filled by current employees
Yes Recruits on college campuses 91 New graduates hired
8% Voluntary turnover for full-time employees 7% Voluntary turnover for part-time employees
* All figures refer to 12-month period prior to reporting, unless otherwise noted.

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