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SHERWIN-WILLIAMS NAMED TO FORTUNE'S 2008 LIST OF "100 BEST COMPANIES TO WORK FOR"
CLEVELAND, OHIO, January 22, 2008 – FORTUNE announced today that The Sherwin-Williams Company (NYSE: SHW) has been named to the 11th annual "100 Best Companies to Work For" list. This marks the third time in the last four years that FORTUNE has named Sherwin-Williams to the list. The Company ranked 98th on the 2008 list of "100 Best Companies to Work For."
Christopher M. Connor, Chairman and CEO of Sherwin-Williams said, "On behalf of our 33,000 engaged, empowered and appreciated employees around the globe, we thank FORTUNE for this recognition. We have great respect for the vetting process used to compile this list, and we're particularly gratified by the fact that two-thirds of our total score comes directly from surveys of more than 400 Sherwin-Williams employees selected at random. Our employees are the most important judges of the quality of our work environment. They make Sherwin-Williams a great company to work for and a great company to do business with."
The Sherwin-Williams Company
Founded in 1866, The Sherwin-Williams Company is a world leader in the manufacture, development, distribution and sale of coatings and related products to professional, industrial, commercial and retail customers. The Company manufactures products under well-known brand names such as Sherwin-Williams®, Dutch Boy®, Krylon®, Minwax®, Thompson's® WaterSeal® and many more. Sherwin-Williams® branded products are sold exclusively through a chain of 3,226 company-operated stores, while the Company's other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers and industrial distributors throughout North America. The Sherwin-Williams Global Group distributes a wide range of products in more than 30 countries around the world.
FORTUNE "100 Best Companies to Work For"
The full list and related stories appear in the February 4 issue of FORTUNE, available on newsstands January 28 and at www.fortune.com on January 22.
A driving factor for the list this year is that these companies excel in creating jobs. The 100 companies on the 2008 list added 67,000 employees to their payrolls in the past year and employ a total of nearly 1.6 million employees; up 16% from the number employed by companies comprising last year's list.
To pick the "100 Best Companies to Work for", FORTUNE works with Robert Levering and Milton Moskowitz of the Great Place to Work Institute to conduct the most extensive employee survey in corporate America.
Of some 1,500 firms that were contacted, 406 companies participated in this year's survey. Nearly 100,000 employees at those companies responded to a 57-question survey created by the Great Place to Work Institute, a global research and consulting firm with offices in 30 countries.
Most of the company's score (two-thirds) is based on the results of the survey, which is sent to a minimum of 400 randomly selected employees from each company.
The survey asks questions related to their attitudes about the management's credibility, job satisfaction and camaraderie.
The other third of the scoring is based on the company's responses to the Institute's Culture Audit, which includes detailed questions about pay and benefit programs and a series of open-ended questions about hiring practices, methods of internal communications, training, recognition programs and diversity efforts, etc.
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Contacts:
Robert Wells Vice President-Corporate Communications and Public Affairs Sherwin-Williams Direct: 216.566.2244 rjwells@sherwin.com
Mike Conway Director Corporate Communications and Investor Relations Sherwin-Williams Direct: 216.515.4393 Pager: 216.422.3751 mike.conway@sherwin.com
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