Timken Recognized as Top Workplace by Both Newsweek and U.S. News & World Report

Rhea-AI Summary

The Timken Company (NYSE: TKR), a leading innovator in engineered bearings and industrial motion, has been honored by Newsweek and U.S. News & World Report as one of America's top workplaces. Newsweek's ranking, based on a study by Plant-A Insights, involved over 1.5 million reviews from 250,000 employees. U.S. News utilized public information and industry standards to determine its list, focusing on pay, benefits, work-life balance, job stability, and professional development. Timken's 125-year history of innovation and commitment to a strong, diverse work culture played a key role in these recognitions. The company reported $4.8 billion in sales in 2023 and employs over 19,000 people globally.

News Market Reaction

-0.73%

1 alert

-0.73% News Effect

On the day this news was published, TKR declined 0.73%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NORTH CANTON, Ohio, July 9, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, has been recognized among Newsweek's America's Greatest Workplaces and U.S. News & World Report's Best Companies to Work For. The Newsweek ranking is based on a study by data research firm Plant-A Insights, which collected over 1.5 million comprehensive company reviews from more than 250,000 employees. U.S. News determined its list using a combination of publicly available information, and industry classification benchmark standards.

"Our growth and continued relevancy over our 125-year history would not be possible without the contributions from our global employees to create tomorrow's solutions and innovations for a world in motion," said Natasha Pollock, Timken vice president of human resources. "These honors recognize our commitment to a strong, diverse work culture with a focus on continuous growth and career development opportunities for our world-class team of problem solvers."

To compile the America's Greatest Workplaces list, Newsweek and Plant-A Insights assessed companies across all industries in the United States that employ at least 500 people. They evaluated employers based on criteria such as corporate culture, working environment and other aspects of their current employer and other companies. U.S. News determined its list from public companies in the Russell 3000 index with at least 75 U.S.-based Glassdoor reviews between 2020 and 2023. Its evaluation focused on quality of pay and benefits, work-life balance and flexibility, job and company stability, professional development and other metrics.

About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, designs a growing portfolio of next-generation products for diverse industries. For 125 years, Timken has used its specialized expertise to innovate and create customer-centric solutions that increase reliability and efficiency. The company posted $4.8 billion in sales in 2023 and employs more than 19,000 people globally, operating from 45 countries. Timken is one of the World's Most Innovative Companies, according to Fast Company, and has been recognized among America's Most Responsible Companies, America's Greatest Workplaces and America's Greatest Workplaces for Diversity by Newsweek, Best Companies to Work For by U.S. News & World Report, the World's Most Ethical Companies^® by Ethisphere and America's Most Innovative Companies by Fortune.

Media Relations:
Scott Schroeder
234.262.6420
scott.schroeder@timken.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/timken-recognized-as-top-workplace-by-both-newsweek-and-us-news--world-report-302190174.html

SOURCE The Timken Company

FAQ

What awards did Timken (TKR) receive in July 2024?

Timken was recognized by Newsweek as one of America's Greatest Workplaces and by U.S. News & World Report as one of the Best Companies to Work For in July 2024.

How was Timken (TKR) evaluated for Newsweek's America's Greatest Workplaces?

Newsweek's ranking was based on a study by Plant-A Insights, which collected over 1.5 million company reviews from more than 250,000 employees.

What criteria did U.S. News use to recognize Timken (TKR) as a top workplace?

U.S. News used public information and industry standards, focusing on pay, benefits, work-life balance, job stability, and professional development.

How many employees does Timken (TKR) have?

Timken employs over 19,000 people globally.

What was Timken's (TKR) revenue in 2023?

Timken reported $4.8 billion in sales in 2023.

Why was Timken (TKR) recognized by Newsweek and U.S. News?

Timken was recognized for its strong, diverse work culture, continuous growth, and career development opportunities for employees.

What kind of reviews did U.S. News consider for Timken (TKR)?

U.S. News considered at least 75 U.S.-based Glassdoor reviews between 2020 and 2023 for public companies in the Russell 3000 index.

What industries does Timken (TKR) serve?

Timken designs products for diverse industries, using its specialized expertise in engineered bearings and industrial motion.