Working Mother 100 Best Companies

Best Companies

2014 Executive Summary

Background on the Initiative For 29 years, the Working Mother 100 Best Companies have set the standard for work life practices in the United States. The Working Mother Research Institute collects data on the workforces and policies of the winning companies in order to: • Reveal how the Best Companies lead in the areas of representation, benefits, advancement, child care, flexible work arrangements, parental leave and company culture. • Create a benchmark of progressive policies and programs that make organizations succeed. • Raise awareness of the issues working mothers and all employees face in the workplace and encourage the development of programs to address those issues. • Promote the interests of working mothers in corporate America by honoring companies that successfully help employees integrate home and work.

Source: 2014 Working Mother 100 Best Companies Cover photograph by Chris Robbins/BLG; styling by Rachel Wirkus; hair and makeup by Stefano Antoniazzi/anywaymgmt.com

workingmother.com/wmri • 2

Congratulations! The 2014 Working Mother 100 Best Companies A.T. Kearney

Capital One Financial

HP

Abbott

Cardinal Health

IBM

AbbVie

Children’s Healthcare of Atlanta

Intel

Procter & Gamble

Accenture

Cisco

Johnson & Johnson

The Advisory Board Company

Citi

Katten Muchin Rosenman

Prudential Financial

Colgate-Palmolive

Kellogg Company

Dell

KPMG

Top 10

Allianz Life Insurance Company of North America Allstate Insurance American Express AOL Arnold & Porter AstraZeneca Automatic Data Processing Avon Products Bain & Co. Bank of America

Deloitte

Pillsbury Winthrop Shaw Pittman Top 10

LEGO Systems

Top 10

March of Dimes Foundation

Deutsche Bank

Marriott International

Diageo North America Discovery Communications

Top 10

Dow Corning

MassMutual Financial Group MasterCard McGladrey

DuPont Eli Lilly and Company Ernst & Young LLP

Top 10

McGraw Hill Financial McKinsey & Co. Merck

Baptist Health South Florida

Finnegan, Henderson, Farabow, Garrett & Dunner

Barclays

FINRA

Moffitt Cancer Center

BDO USA

First Horizon National

Moss Adams

Blue Cross Blue Shield of North Carolina

Freddie Mac

New York Life

Boehringer Ingelheim USA

GE

Northern Trust

Bon Secours Virginia Health System

Genentech

Northwestern Memorial HealthCare

Booz Allen Hamilton

General Mills

Boston Consulting Group

MetLife

PNC Financial Services Group

PwC

Top 10

Top 10

Roche Diagnostics Rothstein Kass Ryan SC Johnson Scripps Health State Street Takeda TIAA-CREF TriHealth Turner Broadcasting System UBS University of Wisconsin Hospital and Clinics Valassis Verizon Communications Viacom

Novartis Pharmaceuticals Corp.

WellStar Health System

Goldman Sachs

Ogilvy & Mather

Yale University

Bristol-Myers Squibb

Grant Thornton

Oliver Wyman

Zoetis

CA Technologies

Horizon Healthcare Services, Inc.

Patagonia

Zurich North America

Source: 2014 Working Mother 100 Best Companies

Top 10

Top 10

Top 10


Summary of 2014 Findings • More women at the Best Companies were promoted into senior manager ranks than in 2013, while 23% of corporate executive hires went to women (up from 19% last year). • The number of Best Companies offering sponsorship to employees continues to grow, hitting 62% in 2014. • On average, the Best Companies offer 7 weeks of fully paid maternity leave. Among Best Companies that also offer partially paid weeks, the average is now 6, the highest its been in seven years. • On average, the Best Companies offer 5 weeks of fully paid adoption leave and 3 weeks of fully paid paternity leave—even as, nationwide, the number of companies offering either decline. • Use of telecommuting continues to rise at the Best Companies (to 55%), while use of compressed work weeks declined, year over year. • At the Best Companies, men and women use flex time (77% women vs. 74% men), telecommuting (54% vs. 52%) and remote work (18% vs. 17%) at similar rates. • More Best Companies are training managers how to hire, advance and manage women than in the past two years—and holding them accountable through formal compensation tie-ins.

Source: 2014 Working Mother 100 Best Companies; Society for Human Resource Management Annual Benefits Survey, 2014


Overview of the 100 Best Companies The 2014 Working Mother 100 Best Companies employ almost

Chemical (including Petro) Consumer Products (including Cosmetics, Food and Beverages) Education

2.1 million people

Financial Services

in

Hospitals/Health Care

15 industries

Insurance

Hospitality

Legal Manufacturing

at more than

Media, Internet and Advertising

27,000 worksites

Pharmaceutical

nationwide. Of these employees, almost 1 million, or 46%, are women.


Professional Services, Management Consulting, Accounting Retail and Apparel Science, Technology, Engineering, Aerospace Telecommunications


Female Representation Representation of women remains at 46% of all employees at the Best Companies versus a year ago. At higher job levels, representation of women declined slightly at the manager level, year over year, but increased at the senior manager (to 36% from 34%) and corporate executive (to 26% from 23%) levels. Women

Total Employees

Managers

Senior Managers

Corporate Executives


Men

2014 46%

54%

2013 46%

54%

2014 42%

58%

2013 43%

57%

2014 36%

65%

2013 34%

66%

2014 26%

74%

2013 23%

77% workingmother.com/wmri • 6

Representation of Women in Leadership Positions At the Best Companies, women make up about a third (33%) of the top 20% of earners, and almost a quarter (23%) of board of directors members. Percentage of women in leadership positions at the 2014 Best Companies

33%

Top 20% earners


28%

Direct reports to CEO

23%

Board of directors

22%

Executives with P&L responsibilities


Promotion Rates for Women At the Best Companies, the average promotion rates for women at the manager, senior manager and corporate executive levels held steady this year, at 42%, versus a year ago. Women received 40% of all promotions to senior manager positions (up from 36% last year), while female promotions to corporate executive levels inched up to 32%. Percentage of Promotions Received by Women Promotion to Manager

Promotion to Senior Manager

Promotion to Corporate Executive

2014

44%

2014

40%

2014

32%

2013

45%

2013

36%

2013

31%



Corporate Executive Female Hires Women made up almost a quarter (23%) of corporate executives hired into the 2014 Best Companies, up from 19% last year.

Corporate Executive Female Hires


2014

23%

2013

19%


Employee Surveys on Women’s Issues Eighty-six percent of Best Companies conducted employee opinion surveys on women’s issues, compared to 80% in 2013. Of those companies, 57% used the results to improve programs and/or policies. How did your company utilize the findings from your last employee opinion survey that included women’s issues? Gained a better understanding of womens’ opinions about the company culture

2014 2013

Evaluated effectiveness of programs for women

2014 2013

Made decisions about programs for women

2014 2013

Developed a business strategy for new or improved women’s initiatives or programs

2014 2013

Communicated the results to employees

2014 2013

Evaluated usage rates of programs for women

2014 2013

Conducted a needs assessment

2014 2013


77% 75% 75% 63% 73% 65% 71% 60% 69% 56% 46% 42% 45% 0%

39%

100% workingmother.com/wmri • 10

Best vs. Rest: Paid Parental Leave All Best Companies offer fully paid maternity leave. The past three years have seen a steady increase in the number of Best Companies offering paid adoption leave and paid paternity leave, while nationwide these figures have declined. Nationwide

Parental Leave Offerings 100%

100%

100 Best Companies 100%

100% 90% 81%

0%

9% 2012

5% 2014

Fully Paid Maternity Leave

17% 2012

84%

78%

12% 2014

Paid Adoption Leave

Source: 2012, 2014 Working Mother 100 Best Companies; nationwide data based on Society for Human Resource Management Benefits Survey Report (2014, 2012 report), Families and Work Institute National Study of Employers (2012).

16% 2012

12% 2014

0%

Paid Paternity Leave workingmother.com/wmri • 11

Best vs. Rest: Flexible Work Arrangements Access to flextime, job sharing and compressed workweeks nationwide declined in the past year, while the share of companies offering telecommuting across the nation increased one percentage point. By contrast, 100% of the Best Companies offer flextime and telecommuting. Access to Flexible Work Arrangements 100%

Nationwide 100 Best Companies

100%

100%

93% 86%

59%

54%

49%

53% 53% 53% 52%

57%

58% 59% 55% 53% 57% 51% 37% 37%

18% 16%

’08 ’09 ’10 ’11 ’12 ’13 Flextime

’14

’08 ’09 ’10 ’11 ’12 ’13 Telecommuting

’14

34% 35% 35% 35%

29%

13% 13% 12% 10% 9%

’08 ’09 ’10 ’11 ’12 ’13

’14

Job Sharing

Source: 2014 Working Mother 100 Best Companies; Nationwide data based on Society for Human Resource Management Benefits Survey Report (2014, 2013, 2012, 2011, 2010, 2009 and 20008 report); Telecommuting is defined as some form of telecommuting (not necessarily full-time or on an ad-hoc basis).

’08 ’09 ’10 ’11 ’12 ’13

’14

Compressed Work Weeks workingmother.com/wmri • 12

Best vs. Rest: Health & Wellness Programs Nationwide, support for health and wellness programs has either held steady or declined slightly. At the Best Companies, support for on-site fitness centers, health care premium discounts for wellness program participation, on-site sick rooms, and on-site nap rooms continues to grow.

On-site fitness centers

Healthcare premium discounts for participating in a wellness program


Healthcare premium discounts for participating in an annual health risk assessment

On-site sick room

2011

2012

2013

3%

28%

23% 6%

2014

6%

2013

31%

52%

50%

27%

2012

6%

2011

9%

2014

9%

2013

50%

48%

47%

47%

45%

2012

12%

2011

12%

2014

21%

2013

40%

36%

33% 17%

28%

2012

21%

2011

100 Best Companies

21%

2014

14%

2013

14%

2012

15%

22% 11%

2011

Nationwide

Health & Wellness Programs Offered

20%

83% 25%

81% 22%

77% 24%

84%

100%

2014

On-site nap room


Best vs. Rest: Programs for Parents Nationwide, the number of employers offering on-site lactation rooms (28%), child care resource and referral services (10%), adoption assistance (6%), lactation support services (6%), and backup child care (3%) has decreased since last year. However, a majority of Best Companies support these programs for employee parents. Nationwide 2013

Programs for Parents Offered

Nationwide 2014 100 Best Companies 2014

100%

100% 93%

34%

92%

90%

87%

28% 12%

0%

On-site lactation room

10%

Child care resource and referral service

11%

6%

Adoption assistance

4%

3%

Backup child care

Source: 2014, 2013 Working Mother 100 Best Companies; Nationwide data based on 2014 and 2013 Society for Human Resource Management Benefits Survey Report

8%

6%

Lactation support services workingmother.com/wmri • 14

Year Over Year: Maternity Leave On average, the Best Companies offer 7 weeks of fully paid maternity leave. The average number of weeks of partially paid maternity leave at the Best Companies reached 6 in 2014, the highest number in seven years.

Access to Paid Maternity Leave

9 7

7

7

7

8

7 3

3

4

5

5

5

6

2008 2009 2010 2011 2012 2013 2014

2008 2009 2010 2011 2012 2013 2014

Average weeks of fully paid maternity leave

Average weeks of partially paid maternity leave

Source: 2014, 2013, 2012, 2011, 2010, 2009, 2008 Working Mother 100 Best Companies


Year Over Year: Paternity and Adoption Leave Best Companies, on average, continue to offer 3 weeks of paid paternity leave and 5 weeks of paid adoption leave for caregivers.

Access to Paid Parental Leave

5 2

3

3

3

3

3

5

6

5

6

5

5

3

2008 2009 2010 2011 2012 2013 2014

2008 2009 2010 2011 2012 2013 2014

Average weeks of fully* paid paternity leave

Average weeks of fully* paid adoption leave

*2014 paid data represent fully paid weeks Source: 2014, 2013, 2012, 2011, 2010, 2009, 2008 Working Mother 100 Best Companies


Year Over Year: Women’s Issues & Advancement All 2014 Best Companies offer management or leadership training. Best Companies that Support Women’s Issues and Advancement Programs

100%

100%

98%

99%

97%

95%

94%

62%

0%

Management or Leadership Training

Formal Mentoring Program

Executive Coaching

Affinity/ Network Groups

Source: 2014 Working Mother 100 Best Companies; NOTE: Percentage of Working Mother 100 Best Companies

Career Counseling

Formal Executive Succession Planning

Sponsorship Program


Year Over Year: Sponsorship Support for sponsorship continues to grow; the percentage of 2014 Best Companies that offer sponsorship has increased 16 percentage points from 2011. Best Companies that Support Sponsorship Programs 100%

46%

52%

58%

62%

0%

2011 Source: 2014 Working Mother 100 Best Companies

2012

2013

2014 workingmother.com/wmri • 18

Year Over Year: Usage of Women’s Issues & Advancement Programs More women are participating in affinity/network groups at the Best Companies (36% from 34% last year); however, fewer women participated in career counseling (52% from 59%), management/leadership training (20% from 23%), and sponsorship (4% from 7%) versus last year. Percentage of Women Participating in Women’s Issues & Advancement Programs 100%

59% 52% 46% 40%

34% 36% 25% 27%

25% 25% 19% 17%

24%

23% 18%

20% 7% 6% 7%

0%

4%

4% 5% 4% 5%

0.7% 0.6% 0.8% 1%

’11 ’12 ’13 ’14

’11 ’12 ’13 ’14

’11 ’12 ’13 ’14

’11 ’12 ’13 ’14

’11 ’12 ’13 ’14

’11 ’12 ’13 ’14

’11 ’12 ’13 ’14

Career Counseling




Sponsorship Program


Executive Coaching

Source: 2014, 2013, 2012, 2011 Working Mother 100 Best Companies. NOTE: Percentage of Working Mother 100 Best Companies


Female vs. Male Program Usage Thirty-six percent of women at the Best Companies participate in affinity/ network groups, compared to 17% of men. However, the percentage of women participating in career counseling, mentoring, management/leadership training, succession planning, and executive coaching lags behind the average percentage of men participating in these programs. Female vs. Male Program Usage Rates 100%

Percentage of women participating Percentage of men participating

52%

57% 36% 25% 26% 17%

20% 22%

0%

Career Counseling





5%

8%


4%

4%

Sponsorship Program

1%

2%

Executive Coaching


Year Over Year: Usage of Flexible Work Arrangements The percentage of employees using telecommuting continued to increase (to 55% from 52% last year), while the percentage of employees using flextime remained fairly flat (77%), year-over-year. The average percentage of employees using a compressed work schedule is at its lowest rate (20%) in the past six years. Usage of Flexible Work Arrangements 100%

100%

71% 72%

100%

78% 77% 75% 77%

46%

50% 50% 50% 52%

55%

26% 25%

0%

0%

’09

’10

’11

’12

’13

Usage of Flex

’14

31% 29%

23%

20%

0%

’09

’10

’11

’12

’13

Usage of Telecommuting

Source: 2014, 2013, 2012, 2011, 2010, 2009 Working Mother 100 Best Companies; * Usage based on total workforce

’14

’09

’10

’11

’12

’13

’14

Usage of a Compressed Work Schedule workingmother.com/wmri • 21

Usage of Flexible Work Arrangements Women at the Best Companies use flexible work arrangements at a slightly higher rate than men. All Best Companies review requests for flexibility through an equitable process. Usage of Flexible Work Arrangements at 2014 Best Companies Flextime

Telecommuting

Remote Work

77%

55%

19%

of Total Workforce

74% of Men

77%

of Women


of Total Workforce

52% of Men

54 % of Women

of Total Workforce

17% of Men

18%

of Women workingmother.com/wmri • 22

Year Over Year: Manager Training & Accountability More Best Companies are training managers to hire, advance and manage women than in the past two years. In addition, more 2014 Best Companies are rewarding managers who help women advance through formal compensation policies. Manager Training & Accountability at the Best Companies 0%

Training for managers in how to hire, advance or manage women

Formal compensation rewards managers who help women advance

Formal compensation rewards managers who help manage work life concerns

100%

2014

65%

2013

60%

2012

58%

2014

45%

2013 2012

43% 39%

2014

37%

2013

37%

2012

Source: 2014, 2013, 2012 Working Mother 100 Best Companies

35%


Research Methodology Each organization completed a detailed application covering programs and activities that benefit working mothers. The 2014 application included more than 400 questions in the following clusters: • • • • • •

Paid Time Off and Leaves Workforce Profile Benefits Women’s Issues & Advancement Flexible Work Company Culture and Work Life Programs

Completed applications for the 2014 Working Mother 100 Best Companies initiative were collected online from December 13, 2013, to March 14, 2014. Winning Companies were ranked on the data they provided in their applications. Statistics in this report are based on the data from the 100 winning companies. Winners are announced in the October/November 2014 issue of Working Mother magazine and online at www.workingmother.com/wmri.



How do you rate in key areas like diversity & inclusion, women’s advancement and work life programs? The Working Mother Research Institute has the answer. With one of the most comprehensive databases available to corporate America, WMRI has the data you need to make the right decisions for both your employees and your bottom line.

To find out how your company rates, register today for one of our initiatives: • Working Mother 100 Best Companies • Working Mother Best Companies for Multicultural Women • Working Mother & Flex-Time Lawyers Best Law Firms for Women • NAFE Top Companies for Executive Women • Diversity Best Practices Benchmarking Tool Participation is free and confidential.

Interested in learning more? Visit wmmsurveys.com today! workingmother.com/wmri • 25

Celebrate National Flex Day

For 29 years, the Working Mother 100 Best Companies have served as the vanguard of flexible work. What was once cutting edge is now essential not only for working parents, but for all employees—from fitness buffs and community volunteers to pet owners and anyone else who has obligations and interests outside the workplace. That’s why Working Mother has created National Flex Day. Join us on October 21, 2014, as we celebrate all forms of flex, from flextime and remote work to offramping and phased retirement. Flex is a powerful benefit that serves all employees and their employers. Visit workingmother.com/flex to read more about National Flex Day and to learn how to participate. workingmother.com/wmri • 26

Benchmarking

Our benchmarking reports offer the most detailed data available, showing how your company rates, questionby-question, against all of the Best Companies. Custom comparisons are also available.

Scorecards

Each participating company receives a free top-line summary of how it compares with all applicants across essential clusters of the initiative’s extensive application.

Custom Assessments

Let our researchers do the assessment for you. Our experienced team will turn your benchmarking data into a turnkey presentation showing where your company leads and lags compared with the Best Companies.

Interested in learning more? Contact Kristen Willoughby at [email protected] for more information today! workingmother.com/wmri • 27

From flexibility and child care to the recruitment, retention and advancement of women, the Working Mother Research Institute is dedicated to tracking and promoting the best practices of today while creating strategies for tomorrow. WMRI’s goal is to give both working mothers and their employers the information they need to make workplaces truly family friendly.

Learn more at workingmother.com/wmri


Contact Information Jennifer Owens, Director [email protected] Krista Carothers, Senior Research Editor [email protected] Kristen Willoughby, Senior Manager, Editorial & Research Initiatives [email protected] Michele Siegel, Director of Research Initiatives [email protected] Tierney O’Brien, Custom Insights Coordinator [email protected]

Learn more at workingmother.com/wmri
