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October 10, 2001
'100 Best Companies for Working Mothers'
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Working Mother says the corporations in its list "best recognize the value and needs of working families."
The magazine made what it called "significant changes" in the extensive application process for the 100 Best Companies this year, focusing on how well companies provide benefits to workers at lower income and job levels.
"We raised the standards for the 100 Best this year, evaluating companies on how far benefits reach throughout the ranks," said Editor Sharlene Breakey. "And, as always, we took a hard look at the areas of (a) percentage of women in workforce, (b) child care support, (c) flexibility, (d) leave for new parents, (e) work/life balance and (f) advancement of women."
"Today's technology expects us to work 24/7, and working mothers get hit the hardest," said Carol Evans, CEO/President for Working Mother Media, which publishes Working Mother.
She added that in the wake of the September 11 terrorism attacks, work/life initiatives take on an even greater meaning with grief counseling, employee assistance, and other programs.
Working Mother Magazine plans to honor companies that made the list with an awards ceremony tonight at the WorkLife Congress in New York City. The Congress, postponed earlier because of the attacks, has changed its agenda to focus on the issues that human-resource face in the aftermath of the tragedy.
The top 10 in Working Woman's top 100 are:
- Bristol-Myers Squibb, New York (first time in the Top 10; three years on list)
- Citigroup, New York (11th year on list)
- IBM, Armonk, N.Y. (on list for all 16 years)
- Fannie Mae, Washington, DC (8th year on list)
- Marriott International, Washington, DC (11 years on list)
- Morgan Stanley Dean Witter, New York (first time overall)
- PricewaterhouseCoopers, New York (6th time on list)
- Procter & Gamble, Cincinnati, OH (15 years on list)
- Prudential Insurance, Newark, NJ (12th year on list)
- Texas Instruments, Dallas, Texas (6 years on list)
"The fight to attract and retain skilled quality workers continues to be critical for American businesses," adds Evans. "Employees often report that flexibility and child care programs keep them from accepting other job offers. Therefore, leaders recognize that work/life programs have tremendous financial impact in terms of productivity and employee retention, and that a commitment to helping employees balance their personal responsibilities is a win-win."
Companies To Watch
"As a nod to those that are making strides to improve work-life benefits but did not achieve 100 Best status," Working Mother also named four employers as companies to watch: Alcatel, Kinko's, St. Mary's Hospital and Visa. Last year, editors highlighted American Airlines and Republic Bancorp to watch, and both made this year's 100 Best list.
To view the complete top 100 list, click here.