Executive Summary

BestCompanies

2014

workingmother.com/wmri • 2Source: 2014 Working Mother 100 Best CompaniesCover photograph by Chris Robbins/BLG; styling by Rachel Wirkus; hair and makeup by Stefano Antoniazzi/anywaymgmt.com

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.

Background on the initiative

Source: 2014 Working Mother 100 Best Companies workingmother.com/wmri • 3

A.T. Kearney

Abbott Top 10

AbbVie

Accenture

The Advisory Board CompanyAllianz Life Insurance Company of North America

Allstate Insurance

American Express

AOL

Arnold & Porter

AstraZeneca

Automatic Data Processing

Avon Products

Bain & Co.

Bank of America

Baptist Health South Florida

Barclays

BDO USA

Blue Cross Blue Shield of North Carolina

Boehringer Ingelheim USA

Bon Secours Virginia Health System

Booz Allen Hamilton

Boston Consulting GroupBristol-Myers Squibb

CA Technologies

Capital One Financial

Cardinal Health

Children’s Healthcare of Atlanta

Cisco

Citi

Colgate-Palmolive

Dell

Deloitte Top 10

Deutsche Bank

Diageo North America

Discovery Communications Top 10

Dow Corning

DuPont

Eli Lilly and Company

Ernst & Young LLP Top 10

Finnegan, Henderson, Farabow, Garrett & Dunner

FINRA

First Horizon National

Freddie Mac

GE

Genentech

General Mills Top 10

Goldman Sachs

Grant Thornton

Horizon Healthcare Services, Inc.

HP

IBM Top 10

Intel

Johnson & Johnson

Katten Muchin Rosenman

Kellogg Company

KPMG

LEGO Systems

March of Dimes Foundation

Marriott International

MassMutual Financial Group

MasterCard

McGladrey

McGraw Hill Financial

McKinsey & Co.

Merck

MetLife

Moffitt Cancer Center

Moss Adams

New York Life

Northern Trust

Northwestern Memorial HealthCare

Novartis Pharmaceuticals Corp.

Ogilvy & Mather

Oliver Wyman

Patagonia

Pillsbury Winthrop Shaw Pittman

PNC Financial Services Group

Procter & Gamble

Prudential Financial Top 10

PwC 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

WellStar Health System Top 10

Yale University

Zoetis Top 10

Zurich North America

Congratulations!

The 2014 Working Mother 100 Best Companies

workingmother.com/wmri • 4Source: 2014 Working Mother 100 Best Companies; Society for Human Resource Management Annual Benefits Survey, 2014

• 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.

summary of 2014 Findings

Source: 2014 Working Mother 100 Best Companies workingmother.com/wmri • 5

overview of the 100 Best Companies

The 2014 Working Mother 100 Best Companies

employ almost

2.1 million people in

15 industries at more than

27,000 worksites nationwide.

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

Chemical (including petro)

Consumer products (including Cosmetics, Food and

Beverages)

Education

Financial Services

Hospitality

Hospitals/Health Care

Insurance

Legal

Manufacturing

Media, Internet and Advertising

pharmaceutical

professional Services, Management Consulting,

Accounting

Retail and Apparel

Science, Technology, Engineering, Aerospace

Telecommunications

Source: 2014 Working Mother 100 Best Companies workingmother.com/wmri • 6

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.

Female Representation

Women Men

Total Employees2014

2013

54%

54%

46%

46%

Managers2014

2013

58%

57%

42%

43%

Senior Managers2014

2013 66%

65%36%

34%

Corporate Executives2014

2013

74%

77%

26%

23%

Source: 2014 Working Mother 100 Best Companies workingmother.com/wmri • 7

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.

Representation of Women in Leadership positions

percentage of women in leadership positions at the 2014 Best Companies

Executives with p&L

responsibilities

Board of directorsDirect reports to CEo

Top 20% earners

33% 28% 23% 22%

Source: 2014 Working Mother 100 Best Companies workingmother.com/wmri • 8

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%.

promotion Rates for Women

percentage of promotions Received by Women

promotion to Manager

promotion to Senior Manager

promotion to Corporate Executive

45%2013

44%2014

36%2013

40%2014

31%2013

32%2014

Source: 2014 Working Mother 100 Best Companies workingmother.com/wmri • 9

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

19%2013

23%2014

Corporate Executive Female Hires

Source: 2014 Working Mother 100 Best Companies workingmother.com/wmri • 10

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.

employee surveys on Women’s issues

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

Evaluated effectiveness of programs for women

Made decisions about programs for women

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

Communicated the results to employees

Evaluated usage rates of programs for women

Conducted a needs assessment

20142013

20142013

20142013

20142013

20142013

20142013

20142013

75%77%

63%75%

65%73%

60%71%

56%69%

39%45%

42%46%

100%0%

workingmother.com/wmri • 11Source: 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).

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.

Best vs. Rest: paid parental Leave

0% 0%

100% 100%

Fully paid Maternity Leave

100%

5%

100%

9%2012 2014

paid Adoption Leave

90%

12%

81%

17%

2012 2014

paid paternity Leave

84%

12%

78%

16%

2012 2014

parental Leave offeringsNationwide

100 Best Companies

workingmother.com/wmri • 12Source: 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).

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.

Best vs. Rest: Flexible Work arrangements

Flextime

’12

53% 53% 52%

100%

53%49%

54%59%

’11’10’09’08 ’13 ’14

Telecommuting

’12

57% 58%53%55%

51%57%

’11’10’09’08 ’13

59%

100%

’14

Job Sharing

’12

12% 10%13%13%

16%18%

’11’10’09’08 ’13

9%

86%

’14

Compressed Work Weeks

’12

35% 35%35%34%37%37%

’11’10’09’08 ’13

29%

93%

’14

Access to Flexible Work ArrangementsNationwide

100 Best Companies

100%

Source: 2014 Working Mother 100 Best Companies workingmother.com/wmri • 13

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.

Best vs. Rest: Health & Wellness programs

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 on-site nap room

2011 2012 2013 2014 2011 2012 2013 2014 2011 2012 2013 2014 2011 2012 2013 2014 2011 2012 2013 2014

47%

21%

45%

21%

40%

14%

33%

17%

28%

15%

22%

11%

83%

25%

84%

20%

36%

14%

48%

12%

27%

6%

52%

9%

31%

3%

50%

9%

28%

6%

50%

12%

23%

6%

81%

22%

77%

24%

47%

21%

100%

Health & Wellness programs offeredNationwide

100 Best Companies

workingmother.com/wmri • 14Source: 2014, 2013 Working Mother 100 Best Companies; Nationwide data based on 2014 and 2013 Society for Human Resource Management Benefits Survey Report

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.

0%

100%

on-site lactation room

100%

28%34%

Adoption assistance

92%

6%11%

Child care resource and

referral service

93%

10%12%

Lactation support services

87%

6%8%

Backup child care

90%

3%4%

programs for parents offeredNationwide 2013Nationwide 2014

100 Best Companies 2014

workingmother.com/wmri • 15Source: 2014, 2013, 2012, 2011, 2010, 2009, 2008 Working Mother 100 Best Companies

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.

Year over Year: maternity Leave

Access to paid Maternity Leave

Average weeks of fully paid maternity leave

2008 2009 2010 2011 2012 2013

7 79

7 7

2014

78

2014

6

2008 2009 2010 2011 2012 2013

3 34

5 5 5

Average weeks of partially paid maternity leave

workingmother.com/wmri • 16*2014 paid data represent fully paid weeksSource: 2014, 2013, 2012, 2011, 2010, 2009, 2008 Working Mother 100 Best Companies

Best Companies, on average, continue to offer 3 weeks of paid paternity leave and 5 weeks of paid adoption leave for caregivers.

Year over Year: paternity and adoption Leave

Access to paid parental Leave

Average weeks of fully* paid adoption leave

2008 2009 2010 2011 2012 2013

5 56

56

5

2014

5

2008 2009 2010 2011 2012 2013

23 3 3 3 3

2014

3

Average weeks of fully* paid paternity leave

workingmother.com/wmri • 17Source: 2014 Working Mother 100 Best Companies; NOTE: Percentage of Working Mother 100 Best Companies

All 2014 Best Companies offer management or leadership training.

Year over Year: Women’s issues & advancement

Best Companies that Support Women’s Issues and Advancement programs

Management or Leadership

Training

Formal Mentoring program

Affinity/Network Groups

Career Counseling

Formal Executive

Succession planning

Executive Coaching

Sponsorship program

0%

100% 98% 97% 94%

62%

100% 99%95%

Source: 2014 Working Mother 100 Best Companies workingmother.com/wmri • 18

Support for sponsorship continues to grow; the percentage of 2014 Best Companies that offer sponsorship has increased 16 percentage points from 2011.

Year over Year: sponsorship

0%

100%

Best Companies that Support Sponsorship programs

2011

46%

2012

52%

2013

58%

2014

62%

workingmother.com/wmri • 19Source: 2014, 2013, 2012, 2011 Working Mother 100 Best Companies. NOTE: Percentage of Working Mother 100 Best Companies

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.

Year over Year: Usage of Women’s issues & advancement programs

Management or Leadership

Training

Career Counseling

Affinity/Network Groups

Formal Mentoring program

Sponsorship program

Formal Executive

Succession planning

Executive Coaching

0%

100%

percentage of Women participating in Women’s Issues & Advancement programs

59%

’13’12’11 ’14

52%

’13’12’11 ’14

36%

’13’12’11 ’14

25%

’13’12’11 ’14

20%

’13’12’11 ’14

4%

’13’12’11 ’14

5%

’13’12’11 ’14

1%

40%46%

25%19% 17%

4%4% 5%

34%

25%27%

7%7% 6%

23%24%18%

0.8%0.7%0.6%

Source: 2014 Working Mother 100 Best Companies workingmother.com/wmri • 20

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

Management or Leadership

Training

Career Counseling

Affinity/Network Groups

Formal Mentoring program

Formal Executive

Succession planning

Sponsorship program

Executive Coaching

0%

100%

Female vs. Male program Usage Rates

57%52%

26%25%

4%4%17%

36%

8%5%

22%20%2%1%

Percentage of women participating

Percentage of men participating

workingmother.com/wmri • 21Source: 2014, 2013, 2012, 2011, 2010, 2009 Working Mother 100 Best Companies; * Usage based on total workforce

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.

Year over Year: Usage of Flexible Work arrangements

Usage of Flexible Work Arrangements

0%

100%

Usage of Flex

’12’11’10’09 ’13

78%71% 72% 75% 77%

’14

77%

0%

100%

Usage of Telecommuting

’12’11’10’09 ’13 ’14

55%52%46%

50% 50% 50%

0%

100%

Usage of a Compressed Work Schedule

’12’11’10’09 ’13 ’14

20%23%26% 25%31% 29%

Source: 2014 Working Mother 100 Best Companies workingmother.com/wmri • 22

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

Usage of Flexible Work Arrangements at 2014 Best Companies

Flextime Remote WorkTelecommuting

77%of Women

18%of Women

54 %of Women

74%of Men

17%of Men

52%of Men

77%of Total Workforce

55%of Total Workforce

19%of Total Workforce

workingmother.com/wmri • 23Source: 2014, 2013, 2012 Working Mother 100 Best Companies

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.

Year over Year: manager Training & accountability

Manager Training & Accountability at the Best Companies

0% 100%

35%

37%

37%Formal compensation rewards managers who help

manage work life concerns

201420132012

39%

43%

45%Formal compensation rewards managers who help

women advance

201420132012

Training for managers in how to hire, advance or

manage women 58%

60%

65%201420132012

Source: 2014 Working Mother 100 Best Companies workingmother.com/wmri • 24

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.

workingmother.com/wmri • 25

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 • 26

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 off-ramping 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.

Celebrate national Flex Day

workingmother.com/wmri • 27

Benchmarking Our benchmarking reports offer the most detailed data available, showing how your company rates, question-by-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 kristen.willoughby@workingmother.com for more information today!

workingmother.com/wmri • 28

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

workingmother.com/wmri • 29

Contact information

Jennifer Owens, Director jennifer.owens@workingmother.com

Krista Carothers, Senior Research Editor krista.carothers@workingmother.com

Kristen Willoughby, Senior Manager, Editorial & Research Initiatives kristen.willoughby@workingmother.com

Michele Siegel, Director of Research Initiatives michele.siegel@bonniercorp.com

Tierney O’Brien, Custom Insights Coordinator tierney.obrien@bonniercorp.com

Learn more at workingmother.com/wmri