Statement on FORTUNE Magazine's "100 Best Companies to Work For" in America

Tuesday, January 09, 2007

JACKSONVILLE, Fla. — FORTUNE announced today that Mayo Clinic has been ranked 62 on its 10th annual "100 Best Companies to Work For" list, the magazine's annual compilation of companies that "rate high with employees." Mayo Clinic also ranked 18 among the 39 companies on the Best Large-Sized Company list. The complete list and related stories appear in the Jan. 22 issue of FORTUNE, available on newsstands Jan. 15 and today online at www.fortune.com.

"Mayo Clinic was founded more than 100 years ago on ideals such as teamwork, integrity, and mutual respect," says George B. Bartley, M.D., CEO of Mayo Clinic in Jacksonville. "Embraced and lived daily, these values explain why Mayo Clinic is a great place to work for all of us who strive to provide the best specialty care to patients through a team approach." Last year, Mayo Clinic ranked 89 on the overall list, and 31 among 38 large-sized companies.

Competition to get on the list has intensified over the past 10 years since FORTUNE began publishing the list. Companies that are at least seven years old and have 1,000 or more employees are eligible for the list. This year 446 companies vied for a slot, up from 161 in 1998.

"The 100 Best Companies to Work For" list is compiled for FORTUNE by Robert Levering and Milton Moskowitz of the Great Place to Work Institute in San Francisco (www.greatplacetowork.com), based on two criteria: an evaluation of the policies and culture of each company, and the opinions of the company's employees.

The employee survey 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. More than 100,000 employees from 446 companies participated in the survey this year. Mayo Clinic employees in Rochester, Minn., Jacksonville, Fla., and Scottsdale and Phoenix, Ariz., were asked about such issues as attitudes toward 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).

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To obtain the latest news releases from Mayo Clinic, go to www.mayoclinic.org/news2006-jax. MayoClinic.com (www.mayoclinic.com) is available as a resource for your health stories.

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To obtain the latest news releases from Mayo Clinic, go to www.mayoclinic.org/news. MayoClinic.com is available as a resource for your health stories.