Pinnacle is One of the Nation's Best Workplaces for Millennials

Pinnacle Financial Partners is one of the best places to work in the nation for millennials, the generation born between 1981 and 1994. The firm earned the No. 26 spot on the latest list of Best Workplaces for Millennials from FORTUNE magazine and Great Place to Work^®. This is Pinnacle’s sixth consecutive appearance. In April of this year, it was named No. 24 on the overall list of Best Companies to Work For in the United States.

“Millennials have aged into being one the core classes of workers in America, and the workplaces they want and the world they want to build are perfectly aligned with Pinnacle’s vision, mission, values and unique approach to banking,” said Terry Turner, Pinnacle’s president and CEO. “We’ve earned this honor several times now, along with being the No. 2 best place to work for women and previously being named as a best workplace for parents and to retire from. The fact that we’re making so many demographically oriented lists tells me we’re going exactly what we intend, which is to be the best place to work for all associates regardless of age, gender, ethnicity, background or any other factor.”

Among Pinnacle associates, 28 percent count themselves among the millennial generation, a number that rises every year. At a time when employee engagement nationwide is at its lowest in 10 years, with “workers feeling more isolated than ever and managers struggling to keep them connected,” millennials, in particular, are showing sharp increases in active disengagement. Gallup research shows they are experiencing larger declines than older workers in:

• feeling cared about
• having someone who encourages their development
• opportunities to learn and grow
• their opinions counting
• having a best friend at work

By comparison, Pinnacle’s 2022 associate survey, conducted anonymously with questions based on Gallup’s workplace research, show the opposite trends taking place.

• 95.7 percent of all associates agree that leaders show a genuine interest in the well-being of associates
• 94.1 percent of all associates agree their manager makes his or her expectations clear
• 90.8 percent of all associates agree they are given a real opportunity to develop their skills at the firm
• 90.2 percent of all associates agree that when they offer a new idea, it will be fully considered
• 97.3 percent of all associates agree they have friends at work

In the 2022 survey from Great Place to Work, Pinnacle’s results showed big advantages in issues related to equality and inclusion, which are key values that an increasing number of younger workers look for in their employers. Associates’ positive responses to all questions related to these specific focus areas were well above benchmarks:

• Impartiality: 91% (GPTW benchmark: 79%)
• Equity: 94% (GPTW benchmark: 81%)
• Respect: 95% (GPTW benchmark: 86%)
• Fairness: 95% (GPTW benchmark: 85%)
• Caring: 96% (GPTW benchmark: 88%)
• Integrity: 97% (GPTW benchmark: 87%)
• Justice: 97% (GPTW benchmark: 91%)
• Leadership Behavior: 97% (GPTW benchmark: 88%)

“With the largest share of the workforce today, the workplace experience of millennials says a lot about your organization,” says Michael C. Bush, CEO of Great Place to Work. “These workers are looking for authentic leadership, meaningful work, and a healthy work environment — and they show loyalty to those who can deliver.”

“We mean to continue attracting the very best financial professionals to help us build our firm in the highest performing markets in the Southeast,” Turner said. “We were designed from the very beginning to be a place where they want to work, where talented individuals of all types can find the freedom and culture that lets them be their best selves. That puts us in an ideal position to sustain our hiring and growth model into the future, ready to flourish as next generation of business leaders grows into power.”

Best Workplaces for Millennials is highly competitive and one of a series of rankings by Great Place to Work and FORTUNE based on employee feedback from Great Place to Work-Certified™ organizations. Pinnacle regularly ranks on several of them, including overall Best Company to Work For, Best Workplace in Financial Services and Insurance, Best Workplace for Millennials and Best Workplace for Women.

Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. The firm is the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA, according to 2022 deposit data from the FDIC, is listed by Forbes as No. 27 among America’s Best Banks, higher than any other bank headquartered in Tennessee, North Carolina, South Carolina or Georgia. Pinnacle also earned a spot on the 2023 list of 100 Best Companies to Work For® in the U.S., its seventh consecutive appearance and was recognized by American Banker as one of America’s Best Banks to Work For 10 years in a row and No. 1 among banks with more than $11 billion in assets in 2022.

Pinnacle owns a 49 percent interest in BHG Financial, which provides innovative, hassle-free financial solutions to healthcare practitioners and other professionals. Great Place to Work and FORTUNE have listed BHG as a best workplace in multiple categories since 2016.

The firm began operations in a single location in downtown Nashville, TN, in October 2000 and has since grown to approximately $45.1 billion in assets as of March 31, 2023. As the second-largest bank holding company headquartered in Tennessee, Pinnacle operates in 17 primarily urban markets across the Southeast.

Additional information concerning Pinnacle, which is included in the Nasdaq Financial-100 Index, can be accessed at www.pnfp.com.

 

About the Fortune Best Workplaces for Millennials List
Great Place To Work selected the Fortune Best Workplaces for Millennials List by surveying companies employing 7.5 million people in the U.S. with 1.3 million confidential survey responses received. Of those, nearly 500,000 responses were received from millennials at companies eligible for the list and these rankings are based on that feedback. Read the full methodology.

To get on this list next year, start here.

About Great Place To Work
As the global authority on workplace culture, Great Place To Work brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Their proprietary platform and For All™ Model help companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified™ or receiving recognition on a coveted Best Workplaces™ List.

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