Training Magazine Names New York Life to Top 125 List
Recognition Highlights Company’s Commitment to Training and Development for the Second Year in a Row
NEW YORK, N.Y., February 20, 2013 - New York Life has earned a spot on Training magazine’s annual Training Top 125 list, which ranks companies’ excellence in employer-sponsored training and development programs.
“Congratulations to the 2013 Training Top 125 winners. Their close alignment between training and corporate strategic goals led to strong financial performance, increased employee engagement, and a learning-centric culture,” said Lorri Freifeld, editor-in-chief of Training magazine. “Every year, the competition ratchets up, and it was not easy to select only 125 winners.”
“We are proud to once again be named to Training magazine’s Top 125,” said Michael Molinaro, vice president and chief learning officer, New York Life. “To be recognized among the best and most successful learning and development programs in the U.S. and worldwide is validation of New York Life’s ongoing commitment to helping our employees advance as professionals, all in support of better meeting the needs of our agents and policyholders.”
Now in its 13th year, the Training Top 125 ranking is based on myriad benchmarking statistics such as total training budget; percentage of payroll; number of training hours per employee program; goals, evaluation, measurement, and workplace surveys; hours of training per employee annually; and detailed formal programs. The ranking is determined by assessing a range of qualitative and quantitative factors, including financial investment in employee development, the scope of development programs, and how closely such development efforts are linked to business goals and objectives.
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 Web site atwww.newyorklife.com for more information.
*Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, May 21, 2012. See http://www.money.cnn.com/magazines/fortune/fortune500/2012/faq/ for methodology.
** Source: 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.