Training Magazine Names New York Life to Top 125 List
Recognition Highlights Company’s Commitment to Training and Development for the Third Year in a Row
NEW YORK, February 4, 2014 – 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.
“Kudos to the 2014 Training Top 125 winners. They demonstrated an unrelenting focus on effective training and employee development tied to corporate strategic goals and measurable results,” said Lorri Freifeld, editor-in-chief of Training magazine. “The competition was especially strong this year as we welcomed 27 newcomers to the list.” “Hundreds of leading companies from around the world apply to Training magazine’s Top 125 in hopes of being acknowledged for their excellence in employer-sponsored training and development programs. We are proud to be recognized among the best of the best for the third consecutive year,” said Michael Molinaro, vice president and chief learning officer, New York Life. “Being named to this highly prestigious list illustrates that we are deeply committed to investing in the development of our employees and agents so that they remain unrivaled in the industry.”
Now in its 14th 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 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.
**Individual independent rating agency commentary as of 2/3/13.
***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.