New York Life Named One of 25 “Best Companies for Multicultural Women” by Working Mother
NEW YORK, May 14, 2013—New York Life has been named one of 2013’s “Best Companies for Multicultural Women” by Working Mother magazine, recognizing New York Life as one of 25 U.S. corporations that create and use best practices in hiring, retaining and promoting women of color.
“We are proud to be named a Working Mother ‘Best Company for Multicultural Women’. The diversity of our workforce is critical to New York Life’s success as a business and as a company of choice for diverse talent,” said Joanne Rodgers, vice president and chief diversity officer. “Fostering the professional development of multicultural women into leadership roles demonstrates our continued commitment to attracting and retaining a diverse workforce.”
Carol Evans, president of Working Mother Media, says, “The Best Companies for Multicultural Women know that a truly diverse workforce makes for an effective team, one that’s plugged into the needs and desires of its customers. Grooming female leaders has become a crucial mandate, and great companies are simultaneously weaving diversity into their culture.”
Working Mother “Best Companies for Multicultural Women” were selected based on representation; hiring, attrition and promotion rates; recruitment, retention and advancement programs; and company culture. The Working Mother Research Institute created a scoring algorithm based on the previous year’s benchmark results to determine the winners.
About Working Mother
Working Mother magazine reaches 2.2 million readers and is the only national magazine for career-committed mothers; WorkingMother.com (workingmother.com) gives working mothers @home and @work advice, solutions, and ideas.
This year marks the 28th anniversary of Working Mother’s signature research initiative, the Working Mother 100 Best Companies, and the eleventh year of the Best Companies for Multicultural Women. Working Mother Media, a division of Bonnier Corporation (bonnier.com) includes the National Association for Female Executives (NAFE, nafe.com), Diversity Best Practices (diversitybestpractices.com), and the Working Mother Research Institute. Working Mother Media’s mission is to serve as a champion of culture change.
About New York Life
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s & (AA+).** Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Investments*** provides institutional asset management and retirement plan services. Other New York Life affiliates provide an array of securities products and services, as well as retail mutual funds. Please visit New York Life’s website at www.newyorklife.com for more information.
* Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, May 20, 2013. See http://money.cnn.com/magazines/fortune/fortune500/2013/faq/?iid=F500_sp_method%20 for methodology.
**Source: Individual Third Party Ratings Reports as of 2/1/13.
***New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.