Bank of America makes Top 10 in Working Mother’s 100 Best Companies of 2017

For the 29th year in a row, Bank of America has earned a place on this prestigious list.

Working Mother magazine has released its annual report of the 2017 Working Mother 100 Best Companies and Bank of America has earned a spot among the Top 10 of 2017. This is the 29th consecutive year that Bank of America has been recognized on the list which spotlights cutting-edge companies that implement progressive policies that enable working moms to be the best parent and best employee they can be. The company was recognized for its many benefits including paternal, maternal and adoption paid leaves, childcare reimbursement and tuition reimbursement.

As a part of this partnership, Bank of America selected a Working Mother of the Year to be recognized in the October/November issue of Working Mother magazine. Tracy Daniels, business executive for Global Banking and Markets Operations was identified for her leadership and strong commitment to her teammates and her family.

“From the benefits that support creating a family, to the policies that help manage a family, all while supporting women as we strive for professional development and personal growth, working at Bank of America is truly extraordinary as a working mom,” said Tracy. The complete list of the 2017 Working Mother 100 Best Companies can be found here.

Working Mother Editor-in-Chief Meredith Bodgas says, “This year’s winning companies know the value of keeping their employee moms engaged and supported. They use schedule flexibility, paid parental leave and family benefits to ensure that parents can develop meaningful careers while leading satisfying home lives.”

A tradition of supporting working mothers

This ranking is another example of the recognition the company continues to receive for strong female leaders and for its continued investment in supporting women so they can reach their career goals and make meaningful contributions within the company and in the communities it serves.

More than 50% of the company’s global workforce is female, more than 45% of its U.S.-based managers are women, more than 40% of its global management team is female and more than 30% of its independent board of directors is female. The organization’s industry-leading workplace policies include 16 weeks of paid maternity, paternity and adoption leave; financial support for adoption; back-up child and adult care and adult care services; and, for eligible parents, reimbursement for certain child care expenses.

In addition, the company’s U.S. Life Event Services (LES) team, a dedicated team of HR specialists, is dedicated to helping employees navigate significant life events, including leaves of absence, retirement, or domestic violence support. Employees can receive one-on-one support and to get connected to relevant resources, including confidential counseling, legal services, and safety and security support.

Other bank programs focus on women’s development, including the Global Ambassadors Program, a global program that brings together women leaders of small businesses and social enterprises for mentoring and workshops. The program is part of the company’s broader effort to advance women’s empowerment and drive economic development.

Through the Tory Burch Foundation Capital Program, powered by Bank of America, the company has loaned more than $25 million to nearly 1,100 women business owners since its inception in 2014, increasing the number and size of businesses owned and led by women.

Bank of America’s support of women and families has earned wide recognition, including Best Adoption-Friendly Workplaces (Dave Thomas Foundation); 50 Best Places to Work for New Dads (Fatherly.com), and Top Employer for Career Progression (Workingmums.co.uk). Bank of America has also been named as one of the 50 Best Companies for Latinas to Work For (LATINA Style magazine).

Learn more about how Bank of America is helping women succeed.

12/5/2017


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