Working Mother 100 Best Companies Paid Family Leave Report

Transcription

1 Working Mother 100 Best Companies Paid Family Leave Report

2 Working Mother Mission Working Mother is mentor, role model and advocate for the country s more than 17 million moms who are devoted to their families and committed to their careers. Through our magazine, website, research, social network and powerful events, Working Mother provides its readers with the community, solutions and strategies they need to thrive. 30 YEARS OF 100 BEST COMPANIES Save It Make sure retirement adds up How Sweet This mom built her own candy empire grow your value MSNBC s Mika Brzezinski on what it takes to rebrand yourself and why it s so important Rosy Future Raising kids who will love their careers Shy Away Why you don t have to mimic extroverts PLUS Cozy, chic & work-friendly cold-weather accessories you ll love! OCTOBER/NOVEMBER 2015 workingmother.com workingmother.com/wmri 2

3 30 Years of Best Companies The Working Mother Best Companies list began in 1986 with 30 companies, when the fastest growing segment in the American workforce was women especially working mothers. Since then, the initiative has changed the way the country thinks about working moms, who are no longer a novelty in the office. Benefits and policies that make life easier for women with kids at home are the same ones that help dads, people caring for elderly relatives, people with volunteer commitments and anyone with a time-intensive hobby to maintain a vibrant career while pursuing their personal interests. The original Best Companies list focused on a number of areas, including: Compensation Opportunities for advancement Parent-friendly benefits, including maternity leave, flexibility, child care and job sharing The Working Mother Best Companies application now includes 500 questions focusing on all areas of work life, including benefits, flexibility, parental leave, advancement and child care. Pinnacle Award IBM and Johnson & Johnson are the only companies to have earned a place on the list all 30 years. Source: 2015 Working Mother 100 Best Companies workingmother.com/wmri 3

4 Working Mother Research Institute 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: 2015 Working Mother 100 Best Companies workingmother.com/wmri 4

5 The 2015 Working Mother 100 Best Companies A.T. Kearney CA Technologies HP Pillsbury Winthrop Shaw Pittman Abbott TOP 10 Capital One Financial IBM TOP 10 The PNC Financial Services Group AbbVie Accenture ADP The Advisory Board Company Allianz Life Insurance Company of North America Allstate Insurance American Express AOL Arnold & Porter Astellas Pharma US AstraZeneca 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 Cardinal Health Children s Healthcare of Atlanta Citi Colgate-Palmolive Credit Suisse Deloitte TOP 10 Diageo North America Discovery Communications The Dow Chemical Company Dow Corning Corporation DuPont Eli Lilly and Company EY TOP 10 Finnegan, Henderson, Farabow, Garrett & Dunner FINRA First Horizon National Freddie Mac GE Genentech General Mills TOP 10 Goldman Sachs Intel Johnson & Johnson JPMorgan Chase Katten Muchin Rosenman Kellogg KPMG TOP 10 LEGO Systems L Oréal USA March of Dimes Foundation MassMutual Financial Group MasterCard McGladrey McKinsey & Co. TOP 10 Merck MetLife Moffitt Cancer Center Morgan Stanley Moss Adams New York Life Northern Trust Northwestern Memorial HealthCare Principal Financial Group PwC TOP 10 Procter & Gamble Prudential Financial Qualcomm Roche Diagnostics Ryan SC Johnson Scripps Health State Street Takeda Pharmaceuticals TIAA-CREF TriHealth Turner Broadcasting System UBS Unilever University of Wisconsin Hospital and Clinics Verizon Viacom WellStar Health System TOP 10 Yale University The Boston Consulting Group Grant Thornton Novartis Pharmaceuticals Corp. Zoetis TOP 10 Bristol-Myers Squibb Horizon Blue Cross Blue Shield of NJ Ogilvy & Mather Zurich North America Source: 2015 Working Mother 100 Best Companies workingmother.com/wmri 5

6 Paid Maternity Leave workingmother.com/wmri 6

7 30 Years of Paid Maternity Leave at the Best Companies THEN: Only 5 of 30 Best Companies offer fully paid maternity leave, ranging from 1 week to 8 weeks. None report offering paid leave for new dads or adoptive parents. NOW: : All Best Companies offer fully paid maternity leave to full-time employees, while a majority offer paid paternity and paid adoption leave. Source: 1987, 2015 Working Mother 100 Best Companies workingmother.com/wmri 7

8 Best vs. Rest: Paid Parental Leave While all Best Companies offer fully paid maternity leave to full-time employees, only 5 percent of the nation s employers do, according to the 2014 National Study of Employers, by the Family and Work Institute. PERCENTAGE OF EMPLOYERS OFFERING FULLY PAID MATERNITY LEAVE 100% 5% Nationwide 100 Best Companies Source: 2015 Working Mother 100 Best Companies; national numbers are based on the 2014 National Study of Employers, Family and Work Institute workingmother.com/wmri 8

9 Year Over Year: Maternity Leave Offered On average, the Best Companies offer 8 weeks of fully paid maternity leave. The average number of weeks of partially paid maternity leave at the Best Companies holds steady at 6 weeks. Law firm Arnold & Porter offers the most weeks of fully paid maternity leave of any Best Company, with 18. PAID MATERNITY LEAVE OFFERED AT BEST COMPANIES Average weeks of fully paid maternity leave Average weeks of partially paid maternity leave Source: Working Mother 100 Best Companies workingmother.com/wmri 9

10 Year Over Year: Maternity Leave Taken On average, full-time exempt employees at the Best Companies who give birth take 9 weeks of fully paid maternity leave. New moms at the Best Companies take an average of 5 partially paid weeks of maternity leave. 8 8 PAID MATERNITY LEAVE TAKEN AT BEST COMPANIES Average weeks of fully paid maternity leave taken by full-time exempt mothers Average weeks of partially paid maternity leave taken by full-time exempt mothers Source: Working Mother 100 Best Companies workingmother.com/wmri 10

11 Year Over Year: Job-Guaranteed Leave On average, the Best Companies offer 10 weeks of job-guaranteed leave beyond what the Family Medical Leave Act (FMLA) requires. AVERAGE WEEKS OF JOB-GUARANTEED MATERNITY LEAVE (BEYOND WHAT FMLA REQUIRES) OFFERED TO FULL-TIME EXEMPT MOTHERS Source: Working Mother 100 Best Companies workingmother.com/wmri 11

12 What Paid Leave Means to Moms When I found out that I was pregnant, I had only been employed at Finnegan for four months. I was nervous about asking for maternity leave right around my first anniversary with the firm, but I shouldn t have been worried at all! The firm was incredibly supportive throughout my pregnancy. I was able to arrange my schedule to accommodate doctor appointments and work from home when I was too uncomfortable to bear the Metro in the heat of the D.C. summer. Once my son was born, I took full advantage of the firm s generous maternity leave policy. I came back to work a week early and have been able to use the last few days of leave to give me some flexibility as I transition into my new role as a working mom. STEPHANIE SANDERS, J.D., INTELLECTUAL PROPERTY TRAINING MANAGER, FINNEGAN HENDERSON, FARABOW, GARRETT & DUNNER, A 2015 WORKING MOTHER 100 BEST COMPANY Finnegan offers 13 weeks of fully paid maternity leave, on average. workingmother.com/wmri 12

13 What Paid Leave Means to Moms Before my leave started, I worked with my manager to plan my leave and work backup so it would be a smooth transition for both me and my team. I had also informed them in advance that I would take another break after returning. I returned from maternity leave after 12 weeks. I joined full time and jumped right in. My team covered my work while I was out and helped me get back up to speed with everything. A few months after my return, I took 5 weeks off to take my son to visit family in India and spend some time helping him adjust to our nanny. I appreciated having the flexibility to split my leave to do this. SHUCHI BHALLA, SYSTEMS ANALYST, SENIOR, QUALCOMM, A 2015 WORKING MOTHER 100 BEST COMPANY Qualcomm offers 6 weeks of fully paid maternity leave, on average. workingmother.com/wmri 13

14 What Paid Leave Means to Moms I have taken maternity leave both as an associate and as a partner. I have found the firm and my colleagues to be incredibly supportive of my time away from the office. The generous leave policies have allowed me the flexibility to be both a great mom and to be successful in my career. BRIDGET WEISS, PARTNER, ARNOLD & PORTER, A 2015 WORKING MOTHER 100 BEST COMPANY Arnold & Porter offers an average of 18 weeks of fully paid maternity leave. workingmother.com/wmri 14

15 Paid Paternity Leave workingmother.com/wmri 15

16 30 Years of Paid Paternity Leave at the Best Companies THEN: Three decades ago no Best Companies report offering paid leave for new dads. NOW: A majority of Best Companies offer paid paternity leave. Source: 1987, 2015 Working Mother 100 Best Companies workingmother.com/wmri 16

17 Best vs. Rest: Paid Paternity Leave The past four years have seen a steady increase in the number of Best Companies offering paid paternity leave, while, nationwide, the rate has increased only slightly. PERCENTAGE OF COMPANIES OFFERING PAID PATERNITY LEAVE 78% 90% 16% 17% Nationwide 100 Best Companies Source: 2012, 2015 Working Mother 100 Best Companies; national numbers are based on the 2012 and 2015 benefits surveys of Society for Human Resource Management members workingmother.com/wmri 17

18 Year Over Year: Paternity Leave Offered Best Companies, on average, continue to offer 3 weeks of paid paternity leave and 10 weeks of job guaranteed leave to dads beyond what FMLA requires. AVERAGE WEEKS OF JOB- GUARANTEED PATERNITY LEAVE (BEYOND WHAT FMLA REQUIRES) OFFERED TO FULL-TIME EXEMPT FATHERS AT BEST COMPANIES FINRA offers an average of 13 weeks of fully paid leave to new dads. AVERAGE WEEKS OF FULLY PAID LEAVE OFFERED TO NEW DADS AT BEST COMPANIES Source: Working Mother 100 Best Companies workingmother.com/wmri 18

19 Year Over Year: Paternity Leave Taken At the Best Companies, on average, men take 2 weeks of paid paternity leave. AVERAGE WEEKS OF FULLY-PAID PATERNITY LEAVE TAKEN BY FULL-TIME EXEMPT FATHERS Source: Working Mother 100 Best Companies workingmother.com/wmri 19

20 What Paid Leave Means to Dads This is such a great benefit for dads, because too often Mom is the only one at home bonding with baby while she is out on Maternity Leave. By offering Paternity Leave the LEGO Group truly shows that it is a family-oriented company. After doing some research I found that I was eligible to stay home for a maximum of one month. During that first month of life, I was able to form a great bond with our daughter. With a wife who was recouping from giving birth and a newborn, I could help take care of our little one while Mom needed to rest and was the ever ready second set of hands. Being able to stay home made everything that much easier. One of my biggest responsibilities during the month was being the chauffeur to and from the doctor s appointments and also being in charge of preparing most of the meals. CHRISTOPHER WRONA, ANALYST IN ACCOUNTS RECEIVABLE, LEGO GROUP, A 2015 WORKING MOTHER 100 BEST COMPANY LEGO Group offers 2 weeks of fully paid paternity leave, on average. workingmother.com/wmri 20

21 What Paid Leave Means to Dads I had a son born in December 2013 and took paternity leave in I felt very fortunate to have a paid paternity leave benefit and to work in a culture that supported taking the time. I ve found this benefit is rather uncommon for dads in the U.S. and even when the benefit exists, there is still often a taboo about men using it. The time I got to spend with my newborn son was wonderful. The first year truly does go by fast and I m happy I had extra time to enjoy it. ROBERT GOETSCH, ASSOCIATE MANAGER, PROCUREMENT, SC JOHNSON, A 2015 WORKING MOTHER 100 BEST COMPANY SC Johnson offers 2 weeks of fully paid paternity leave, on average. workingmother.com/wmri 21

22 What Paid Paternity Leave Means to Moms My husband used paid parental leave when our son Parker was born. We were grateful to have the time for him to bond with our son and to help me while I was healing from a C-section. Being able to take paid leave versus using paid time off (PTO) is awesome. We can use PTO for other reasons medical, vacation, etc. And we didn t have to worry about using up PTO or taking leave without pay. It s a great benefit for fathers and mothers. JULIE RAVELING, IT SYSTEM ANALYST-LEAD, THE PRINCIPAL FINANCIAL GROUP, A 2015 WORKING MOTHER 100 BEST COMPANY The Principal Financial Group offers 2 weeks of fully paid paternity leave, on average. workingmother.com/wmri 22

23 Paid Adoption Leave workingmother.com/wmri 23

24 30 Years of Adoption Leave at the Best Companies THEN: Three decades ago, no Best Companies report offering paid leave for adoptive parents. NOW: A majority of Best Companies offer paid adoption leave. Source: 1987, 2015 Working Mother 100 Best Companies workingmother.com/wmri 24

25 Best vs. Rest: Paid Adoption Leave The past four years have seen a steady increase in the number of Best Companies offering paid adoption leave; nationwide, this figure has held steady. PERCENTAGE OF COMPANIES OFFERING PAID ADOPTION LEAVE 81% 93% 17% 17% Nationwide 100 Best Companies Source: 2012, 2015 Working Mother 100 Best Companies; national numbers are based on the 2012 and 2015 benefits surveys of Society for Human Resource Management members workingmother.com/wmri 25

26 Year Over Year: Adoption Leave Offered Best Companies, on average, continue to offer 5 weeks of paid adoption leave for caregivers. AVERAGE WEEKS OF JOB-GUARANTEED ADOPTION LEAVE OFFERED TO FULL-TIME EXEMPT EMPLOYEES AT THE BEST COMPANIES Arnold & Porter offers an average of 18 weeks of paid leave to new adoptive parents. AVERAGE WEEKS OF PAID LEAVE OFFERED TO ADOPTIVE PARENTS AT THE BEST COMPANIES Source: Working Mother 100 Best Companies workingmother.com/wmri 26

27 Year Over Year: Adoption Leave Taken Employees at the Best Companies who adopt children take, on average, 5 weeks of paid adoption leave. AVERAGE WEEKS OF FULLY PAID ADOPTION LEAVE TAKEN BY FULL-TIME EXEMPT EMPLOYEES Full-time exempt Arnold & Porter employees who adopt children take, on average, 18 weeks of paid leave Source: Working Mother 100 Best Companies workingmother.com/wmri 27

28 What Paid Leave Means to Adoptive Parents When our adoption initially fell through, my manager understood the heartbreak this caused for my wife and me. She sent the two of us away on a long weekend that she funded and arranged for my meetings to be canceled. Weeks later, when we learned that our disappointment had turned into an approved adoption of twin infant girls, she allowed me the time away I needed to bond with our babies as a new dad. The support my wife and I received from my manager and Roche was truly amazing. TODD SIESKY, ROCHE, A 2015 WORKING MOTHER 100 BEST COMPANY Roche offers 6 weeks of paid adoption leave. workingmother.com/wmri 28

29 Best vs. Rest: Programs for Parents Nationwide, the percentage of employers offering child care resource and referral services (9%), adoption assistance (7%), and lactation support services (5%), has shrunk since However, nearly all Best Companies support these programs for employee parents. PERCENTAGE OF COMPANIES OFFERING PROGRAMS FOR PARENTS Nationwide 100 Best Companies 100% 100% 93% 96% 93% 93% 92% 91% 86% 89% 30% 35% 17% 9% 9% 7% 6% 3% 3% 4% On-site lactation room Child care resource and referral services Adoption assistance Lactation support services Backup child care Source: 2012, 2015 Working Mother 100 Best Companies; national numbers are based on the 2012 and 2015 benefits surveys of Society for Human Resource Management members workingmother.com/wmri 29

30 Research Methodology Each organization completed a detailed application covering programs and activities that benefit working mothers. The 2015 application included more than 500 questions in the following clusters: Paid Time Off and Leaves Workforce Profile Benefits Women s Issues and Advancement Flexible Work Company Culture and Work Life Programs Completed applications for the 2015 Working Mother 100 Best Companies initiative were collected online from December 12, 2014, to March 13, 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 2015 issue of Working Mother magazine and online at Source: 2015 Working Mother 100 Best Companies workingmother.com/wmri 30

31 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 31

32 Contact Information Jennifer Owens, Director Krista Carothers, Senior Research Editor Kristen Willoughby, Senior Manager, Editorial & Research Initiatives Michele Siegel, Director of Research Initiatives Tierney O Brien, Custom Insights Analyst tierney.obrien@bonniercorp.com Learn more at workingmother.com/wmri workingmother.com/wmri 32