New York Life Named to Working Mother Magazine's “100 Best” Companies List
NEW YORK, September 15, 2011 — New York Life Insurance Company has been named one of the 2011 Working Mother 100 Best Companies.
“With more than 169,000 women hired last year, this year’s 100 Best Companies make up an impressive group of winners who offer family-driven programs and benefits that far outpace their competitors,” said Carol Evans, president, Working Mother Media. “This year’s winning companies are proof that success lies in the numbers - 97 percent of companies are offering prenatal education, weight-loss, wellness, and stress-reduction programs to employees at every level.”
The Working Mother 100 Best Companies are judged on answers to 650 questions, including data on the access and usage of parental leave, childcare, flexible work arrangements, health and wellness support and the advancement of women to all levels of management.
“New York Life continues to be named to this coveted list because we recognize the value in providing a variety of benefits and family-friendly policies that support working mothers and their families,” said Sheila K. Davidson, executive vice president, chief legal officer and general counsel, New York Life. “We attract and retain top talent because we remain dedicated to the needs of our employees outside of the workplace and giving employees the opportunity to develop and advance their careers while achieving balance in their personal lives.”
New York Life will be celebrated at this year’s Working Mother 100 Best Companies WorkLife Congress October 18-20, 2011, in New York City. The 100 Best Companies, as well as national comparisons, are profiled in the October issue of Working Mother and at workingmother.com/bestcompanies. Working Mother is a division of Bonnier Corporation.
Companies were selected for the 2011 Working Mother 100 Best Companies based on an extensive application with more than 650 questions that surveys the usage, availability and tracking of programs, as well as the accountability of managers who oversee them. Seven areas were measured and scored for the 2011 initiative: workforce profile, benefits, women’s issues and advancement, child care, flexible work, parental leave and company culture. For this year’s 100 Best, particular weight was given to benefits, flexibility and parental leave. For more information on applying for the 2012 Working Mother 100 Best Companies, visit www.wmmsurveys.com. The 2012 online application will be available in mid-December and due by early March 2012. All companies that apply, including those that don’t make the Working Mother 100 Best Companies list, receive feedback showing how they compare with all other applicants.
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 financial strength ratings awarded to any life insurer by all four of the major credit rating agencies. 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 institutional and retail mutual funds. Please visit New York Life’s Web site 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 5, 2011. See http://money.cnn.com/magazines/fortune/fortune500/2011/faq/ for methodology.
**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.
About Working Mother Media
Working Mother Mother magazine reaches 2.2 million readers and is the only national magazine for career-committed mothers; WorkingMother.com (www.workingmother.com) gives working mothers @home and @work advice, solutions, and ideas. This year marks the 26th anniversary of Working Mother’s signature research initiative, Working Mother 100 Best Companies, and the ninth year of the Best Companies for Multicultural Women.
Working Mother Media, a division of Bonnier Corporation (www.bonnier.com), includes the National Association for Female Executives (NAFE, www.nafe.com), Diversity Best Practices (www.diversitybestpractices.com), and the Working Mother Research Institute. Working Mother Media’s mission is to serve as a champion of culture change.
About Bonnier Corporation
Bonnier Corp. (www.bonniercorp.com) is one of the largest consumer-publishing groups in America and is the leading media company serving passionate, highly engaged audiences, through 50 special-interest magazines and related multimedia projects and events. Bonnier Corp. is the U.S. division of the Bonnier Group (www.bonniercorp.com), a 200-year-old, family-owned media group based in Sweden with business operations in 25 countries.