Connecting moms with success
Being a mother is a full-time job. So at Bank of America, we’re fully committed to helping our employees balance their work and family lives. From convenient work-from-home and flex-time programs to generous maternity and adoption leaves to back-up care options, our aim is to provide flexibility and support where and when it's needed.
In 2013, we were named one of Working Mother Magazine's 100 Best Companies for working moms. Our benefits include health insurance for those who work 20 hours per week or more, work from home benefits, 12 weeks paid maternity leave, 14 weeks additional unpaid leave with job security, a childcare referral resource, and more. Click here to learn more about our Benefits programs.
Women are leading from the top
Bank of America has a longstanding commitment to developing, recruiting and retaining women. We promote advancement through rigorous talent and succession planning, performance management and individual development programs that are in place at all levels of the company including at the top with our board of directors.
Our CEO Brian Moynihan’s management team is also reflective of the bank’s commitment to empowering all employees including women. Four of Moynihan’s direct reports are women: Catherine P. Bessant, Global Technology and Operations Executive; Anne Finucane, Global Strategy and Marketing Officer; Christine Katziff, Corporate General Auditor; and Andrea Smith, Global Head of Human Resources.
Recruiting and retaining female employees
Bank of America recognizes that attracting and retaining top talent is the key to continued success and being competitive in the marketplace and meeting the diverse financial needs of our clients and customers. We look for candidates – like those who are part of our Global Ambassadors Program - who bring diverse perspectives to the table and share our core values and vision of becoming the world’s finest financial services company.
Employee resource groups for women
With more than 200 chapters worldwide, employee networks enhance opportunities for employee development through networking, mentoring and information forums. Leadership, Education, Advocacy and Development (LEAD) for Women is an employee resource group dedicated to promoting professional women’s development to help grow, attract and retain successful women throughout Bank of America.
Helping women return to the workplace
In May 2012, we partnered with the Executive Coaching Consultancy and Mumsnet Family Friendly program to launch the Returning Talent program in London. This program, which opened with 21 women who had been absent from the workplace for three or more years, is designed to provide guidance to women and men who are looking to return the workplace after taking time away to care for their family.