Dow Corning Named One of FORTUNE magazine’s “100 Best Companies to Work For”
Global leader in silicon-based technology named to list for first time
Midland, Michigan. January 8, 2007 — FORTUNE magazine named Dow Corning Corporation to its list of the "100 Best Companies to Work For.” This is the first year Dow Corning, which ranked number 55, has been named to FORTUNE’s annual list.
“Women excel at this specialty-chemical company, holding 45 percent of top executive slots and 26 percent of managerial positions,” FORTUNE magazine’s editors wrote.
FORTUNE’s “100 Best Companies to Work For” list was released today on www.fortune.com, and will appear in the January 22 issue of the magazine.
“It is an honor to be recognized for offering our team a great place to work,” said Stephanie A. Burns, chairman, president and CEO of Dow Corning. “We know our employees are the source of our ideas, actions and performance. A healthy company begins and ends with healthy, happy employees, who want to come to work, do their best, deliver results, and contribute to the overall success of Dow Corning and our customers.”
In addition to comprehensive bonus, profit sharing, pension and retirement plans, Dow Corning benefits around the world range from flextime, compressed workweeks, paid vacation, paternity and adoption leaves, to onsite fitness centers and fitness subsidies, retiree medical coverage, tuition reimbursement, and access to expert advice on virtually any life issue such as legal, education, child care, and financial matters.
“Supporting our employees and the passion they have for their jobs and for this company is important to our success,” said Derek A. O’Malley-Keyes, Dow Corning vice president and chief human resources officer. “We listen to our employees and do our best to give them the tools and resources they need to effectively manage work and life, advance in their careers, and volunteer in their communities.”
The “100 Best Companies to Work For" list is compiled for FORTUNE based on two criteria: an evaluation of the policies and culture of each company, and the opinions of the company’s employees. The latter is given more weight; two-thirds of the total score comes from employee responses to a survey of 400 randomly selected employees from each company. The survey inquires about attitudes towards management, job satisfaction, and camaraderie within the organization.
The remaining one-third of the score is based on an evaluation of each company’s demographic makeup, pay and benefits programs, and culture. Companies are scored in four areas: credibility (communication to employees), respect (opportunities, benefits), fairness (compensation, diversity), and pride/camaraderie (philanthropy, celebrations).
Companies that are at least seven years old and have at least 1,000 employees are eligible for the list.
About Dow Corning
Dow Corning (www.dowcorning.com) provides performance-enhancing solutions to serve the diverse needs of more than 25,000 customers worldwide. A global leader in silicon-based technology and innovation, offering more than 7,000 products and services, Dow Corning is equally owned by The Dow Chemical Company and Corning, Incorporated. More than half of Dow Corning’s annual sales are outside the United States.
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