FORTUNE Magazine Names Nike Among '100 Best Companies to Work For'
11 January 2006 - 12:08PM
PR Newswire (US)
BEAVERTON, Ore., Jan. 10 /PRNewswire-FirstCall/ -- NIKE, Inc.
announced today that it has been named by FORTUNE magazine for the
first time as one of the country's "100 Best Companies to Work
For." Nike is the only Oregon-based company on this year's list.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990818/NIKELOGO )
Ranking No. 100 on the list, Nike is recognized by FORTUNE for
employee benefits such as campus fitness centers and a 50-percent
discount on company products, as well as for the company's
corporate responsibility efforts in addressing conditions in
overseas contract factories. Nike also is: * one of only 25
companies on the list offering paid sabbaticals for employees; *
one of the 33 companies on the list offering an on-site childcare
center; and * among the 25 "most diverse" companies, with
minorities representing 40 percent of Nike's 12,502 employees in
the United States. Women represent about 49 percent of the
company's U.S. workforce. "Commitment to Nike employees and the
communities where we live, work and play has always been at the
forefront of our corporate principles," said William D. Perez,
President and Chief Executive Officer, Nike, Inc. "To be recognized
for this commitment from FORTUNE is truly an honor and one that
reflects the years of hard work and dedication from all Nike
employees globally." "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 57-question
survey, which goes to a minimum of 400 randomly selected employees
from each company. It asks about things such as 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
and benefits), fairness (compensation, diversity), and
pride/camaraderie (philanthropy, celebrations). Companies must be
at least seven years old and must have at least 1,000 employees to
be eligible for the list. NIKE, Inc., based in Beaverton, Oregon,
is the world's leading designer, marketer and distributor of
authentic athletic footwear, apparel, equipment and accessories for
a wide variety of sports and fitness activities. Wholly-owned Nike
subsidiaries include Converse Inc., which designs, markets and
distributes athletic footwear, apparel and accessories; Bauer NIKE
Hockey Inc., a leading designer and distributor of hockey
equipment; Cole Haan, a leading designer and marketer of luxury
shoes, handbags, accessories and coats; Hurley International LLC,
which designs, markets and distributes action sports and youth
lifestyle footwear, apparel and accessories and Exeter Brands Group
LLC, which designs and markets athletic footwear and apparel for
the value retail channel.
http://www.newscom.com/cgi-bin/prnh/19990818/NIKELOGO
http://photoarchive.ap.org/ DATASOURCE: NIKE, Inc. CONTACT: Joani
Komlos of Nike Inc., +1-503-671-4235 Web site:
http://www.nikebiz.com/
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