Editing Morningstar, Inc. (section)

=== ''Diversity, Equity, and Inclusion'' ===
Morningstar believes that diverse teams make better decisions, and contend that a collective mixture of different backgrounds, beliefs, and experiences makes Morningstar a stronger firm. Its goal is to create a more transparent and inclusive financial system. As a global employer, its aim is to build an inclusive environment that encourages open deliberation and unique perspectives, driving creativity, innovation, and better business outcomes. It is doing this with clear objectives, education, and data-driven recruiting, hiring, retention, and employee experience programs.

As of December 31, 2021, approximately 42% of our employees are female. As of the same date, 50% of its board of directors are female. In the U.S., where Morningstar is currently able to collect information on racial identity, its employee population identifies as approximately 68% White, 22% Asian, 5% Hispanic, 3% Black, and 2% Mixed Race.

'''''Employee Engagement''''' 

Morningstar recognises the importance of data in assessing its workplace culture and employee engagement. In recent years, it has built robust feedback mechanisms to understand the experience of its colleagues around the globe and to track changes in perceptions, experience, and culture. It tracks the company's attrition or “turnover” rate as an indication of employee commitment and longevity. In 2021, Morningstar's average turnover rate increased to 18.5% from 11.8% in 2020 for all permanent employees globally, reflecting the wider trend of workers rethinking their expectations of work at companies across the world. Even in times of labour market upheaval, year-to-year data shows that its employees continue to respond favourably to questions on topics such as motivation, intent to stay, and overall satisfaction. Based on its internal quarterly measure in December 2021, Morningstar’s overall engagement score increased slightly to 81% from 80% in 2020, continuing the upward trend from 73% in 2019.

Morningstar believes that an attractive benefits and total rewards package, which includes a voluntary equity ownership program, promotes employee engagement by supporting the financial, emotional, and physical well-being of its employees. It's also proud of its sabbatical program, which is available globally to all employees once every four years of service, and varies between two and six weeks in duration depending on office location and local legal parameters.

In 2021, Morningstar researched and enhanced individual benefit programs in multiple locations, including improvements to its retirement benefits in many countries, expanding our Employee Assistance Program benefits into European regions and India, funding an annual health screening in South Korea, introducing risk benefits in Romania, offering a new childcare benefit in India, and enhancing supplemental coverages in Spain and France, to name a few. Many of these enhancements will take effect in the first half of 2022.

'''''Professional Growth'''''

Continuous learning by its employees is crucial to maintain Morningstar’s competitive advantage, engage employees, and pursue its mission. Morningstar's learning and development programs provide its people with access to a diverse set of training and educational opportunities designed to help them reach their potential in ways that fits their interests and builds on their strengths. The company offers its employees annual educational stipends to spend on their choice of professional development activities, while also providing financial support for continuing education and the pursuit of professional certifications. It also makes available a variety of internal opportunities for growth, including programs designed for employees just starting their careers and those at manager and executive levels looking for coaching and training.

In 2021, Morningstar piloted a New Managers Mentorship program. This program is designed for newly promoted managers and managers who recently joined Morningstar, providing them the opportunity to engage with, and learn from, tenured managers across the organization.