IDG Named by FORTUNE Magazine as “One of The Best Places To Work In America”
BOSTON, MA – DECEMBER 18, 2000 – Receiving top honors for its corporate culture and entrepreneurial spirit, International Data Group (IDG), the world's leading IT media and information services company, today announced that it was featured in the January 8, 2001 issue of Fortune Magazine as one of the "Best Places to Work in America." Ranked #25, IDG is the only technology media company, and one of only a few Boston-based companies, included on the list.
"When I founded IDG in 1964, my goal was to build a company in which each employee could take pride in their role in increasing the quality of human life," said Patrick McGovern, founder and chairman of IDG. "Thirty-six years and 12,000 employees later, I am proud to say that IDG is a workplace committed to fostering an entrepreneurial spirit that lends itself to continuous improvement. Our employees have enabled IDG to become the world's leading technology media, research and event management company in the world."
Companies featured on Fortune's fourth annual list were selected based on their innovative programs for attracting and retaining world-class talent. Cited by Fortune is IDG's employee stock ownership program, which was started 36 years ago and has been a compelling long term benefit program for its employees.
How do Fortune's top 100 companies continue to maintain an edge in today's environment? One word: culture. IDG Founder and Chairman Pat McGovern continues to make his presence felt throughout his company by frequently visiting all business units around the globe throughout the year. His presence is especially felt around the holidays as for the past 36 years, he spends four weeks to personally greet each employee in the U.S., while handing the employee their bonus check and a personally-signed greeting card. McGovern also hosts a dinner with every employee to celebrate their 10-year anniversary with the company.
"We are thrilled to be named one of Fortune's Best Places to Work," said Kelly Conlin, president and CEO of IDG. "Employee satisfaction is a consistent measure of a successful company and we are fortunate to have employees whose enthusiasm, commitment and loyalty to IDG have led to our continued growth and exciting future."
Applicants to Fortune's Best Places to Work list go through a rigorous evaluation process involving three parts. Two-thirds of the scoring is based on answers that a randomly selected group of employees give to 57 questions on the Great Place to Work Index Trust, a survey created by the Great Place to Work Institute. The remaining third of the score is derived through an evaluation of the material the company submits. The most important aspect of this material is the Great Place to Work Culture Audit, a human resources questionnaire with open-ended questions about the firm's workplace practices, philosophy and work environment.
Fortune has been evaluating and recognizing companies in its annual Best Place to Work issue for three years. The feature issue examines a variety of elements that illustrate a company's commitment to its employees including salary, benefits, work/life balance programs, education and diversity.
About International Data Group
Headquartered in Boston, International Data Group (IDG) informs more people worldwide about information technology than any other company in the world. With annual revenues of $3.1 billion, IDG is the leading global provider of IT media, research, conferences and events. IDG publishes more than 300 newspapers and magazines and 4,000 book titles in 85 countries, led by the Computerworld/InfoWorld, Macworld, Network World, PC World, CIO and For Dummies® global product lines. IDG offers online users the largest network of technology-specific sites around the world through IDG.net (www.idg.net), which comprises more than 300 targeted websites in 80 countries. IDG is also a leading producer of 168 computer-related events in 35 countries, and research arm International Data Corporation (IDC) provides computer industry research and analysis through 51 offices in 43 countries worldwide. Company information is available at www.idg.com.
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