"New York Life could not have achieved the success we enjoy today were it not for our richly diverse corporate culture. Rather than expect employees and agents to adapt themselves to a single way of doing business, everyone is encouraged to bring their own cultural and intellectual perspectives to the table. Nor do we pursue a one-size-fits-all approach in the marketplace; our culturally sensitive outreach to customers has established New York Life as “the company of the community” in neighborhoods that reflect the changing face of America. Little wonder that we consider our commitment to diversity to be a fundamental strategic strength." — Ted Mathas, Chairman, President and CEO of New York Life Insurance Company
“New York Life is committed to fostering an inclusive environment for all employees. Diversity is good for business and drives profits. And diverse teams foster high levels of creativity and innovation." — Katherine O'Brien, Chief Diversity Officer
“I wanted to work for a company with a lot of diversity, a company that respects its employees. New York Life was the best choice I could have made for myself." — Sandeep, joined New York Life in 2006New York Life is committed to ensuring fair and consistent consideration and treatment of all the people we do business with: potential clients and long-term customers … inquiring job seekers and long-time employees … prospective contractors and established vendors.
We believe that people’s differences are their greatest attributes. We recruit from the communities we serve. And we recognize that employees’ unique qualities — the ability to be different — is what leads to innovation, positive change, and a more productive and dynamic workplace.
Our Employee Network Groups and Cultural Markets initiatives are among the many ways we express our commitment to diversity.
BusinessWeek 50 Best Places To Launch a Career 2008
For the second year in a row, New York Life Insurance Company has been named to BusinessWeek's annual “The Best Places to Launch a Career" list. New York Life is ranked #28 out of 119 companies. To determine which employers were best for entry-level workers, a three-part method was used: a survey of career services directors at U.S. colleges, an employer survey on hiring, pay, benefits, and training programs, and finally, research data from a company that surveyed 40,000 U.S. undergraduates.
New York Life Insurance Company was selected for the 2008 Working Mother 100 Best Companies based on an extensive application with more than 500 questions. The application included detailed questions about workforce, compensation, child care, flexibility programs, leave policies and more. It also checked the usage, availability and tracking of programs, as well as the accountability of managers who oversee them. Seven areas were measured and scored: workforce profile, compensation, child care, flexibility, time off and leaves, family-friendly programs, and company culture. For this year’s 100 Best, particular weight was given to family-friendly policies, flexibility, leave policies and benefits for part-timers.
Fortune's list of World's Most Admired Companies is the definitive report card on corporate reputation. For 2009, New York Life ranked third overall in the Life and Health sector of the Insurance Industry — factoring in all nine key attributes of reputation - financial soundness; global competitiveness; innovation; long-term investment, people management; quality of management; quality of products/services; social responsibility and use of corporate assets. This year Fortune combined their former America's Most Admired Company survey and World's Most Admired Company survey into one World's Most Admired Company list to better represent the competitive landscape faced by today's companies. A total of 689 companies from 28 countries were surveyed.
The 2009 Fortune 500
New York Life ranks #76 on the prestigious Fortune 500 list. Each year, Fortune magazine collects revenue data from the largest companies in the United States and publishes the rankings. The published list is considered a “who’s who” of corporate America. With 2008 revenue of more than $30 billion, according to Fortune's proprietary formula, New York Life once again retained its title as the largest mutual life insurance company in the United States.
New York Life has been named by the National Association for Female Executives (NAFE) to the 2009 NAFE Top 50 Companies for Executive Women. This prestigious list spotlights companies whose commendable practices and employment records demonstrate that women matter to the bottom line. New York Life was recognized as a top company because of the number of women in senior ranks and the programs and policies which support women's advancement.
New York Life Insurance Company has been named Corporate Citizen of the year for The Business Council of Westchester’s 2009 Business Hall of Fame.
Induction into the Business Hall of Fame is a lifetime achievement award that has been awarded each year since 2002 to a company that has made a significant contribution and commitment to the Westchester community. Candidates were evaluated on the following criteria:
- Fosters economic opportunity
- Cultivates collaborations and partnerships to better the Westchester community
- Facilitates community involvement in its own organization
For the fifth year in a row, New York Life Insurance Company has been named to Equal Opportunity magazine's "Top 50 Employers" list. The publication asks readers to list the top three companies or government agencies where they would most like to work or that they believe would provide a positive working environment for members of minority groups. New York Life ranked 27th out of 50 companies for 2009.
New York Life has earned Profiles in Diversity Journal’s 2008 Diversity Leader Award™. The Company was given this honor for serving as a beacon to others in the area of Diversity and Inclusion. This award was given to 35 companies that proactively shared their diversity and inclusion successes with the publication on a continual basis and sent positive messages to the Diversity/HR community.
New York Life Insurance Company has earned the top rating of 100 percent in the 2009 Corporate Equality Index (CEI), an annual survey administered by the Human Rights Campaign Foundation. New York Life joins the ranks of 259 other major U.S. businesses which get top marks for their treatment of lesbian, gay, bisexual, and transgender (LGBT) employees and consumers. The CEI rated 583 businesses in total, evaluating LGBT-related policies and practices including non-discrimination policies, transgender health benefits and domestic partner benefits. New York Life’s efforts in ensuring LGBT equality in each of the survey’s main criterion earned it the prestigious 100 percent ranking.
100 Best Adoption–Friendly Workplaces in America 2009
New York Life was named to the 100 Best Adoption–Friendly Workplaces in America list for 2009.
Rankings for the 100 Best Adoption–Friendly Workplace list are determined by an analysis of a company’s adoption benefits – financial reimbursement and paid leave – available to employees who adopt. The Foundation compiled the results from survey data collected from 753 U.S. employers.
New York Life Insurance Company has been named to Hispanic Business magazine's “Diversity Elite 60,” which is an annual list determined by more than 32 variables measuring a company’s commitment to Hispanic hiring, promotion, marketing, philanthropy, and supplier diversity. New York Life was recognized for going beyond workforce diversity initiatives and implementing strategies to reach more Hispanic consumers as well as increasing our business with minority and Hispanic-owned suppliers. New York Life exemplified the inclusion of diversity measures in the workplace by meeting or exceeding the following criteria:
- Board & Leadership
- Recruitment
- Retention & Promotion
- Marketing & Community Outreach
- Supplier Diversity
LATINA Style magazine's 50 Best Companies for Latinas to Work For in 2008
For the eighth year in a row, New York Life Insurance Company was named one of the "50 Best Companies for Latinas to Work For" in the United States by LATINA Style magazine. New York Life was ranked among the top 12 after more than 1,000 prominent U.S. corporations were evaluated. New York Life was recognized based on issues that LATINA Style readers identified as most important to them in the workplace. Among the principal areas of evaluation are: number of Latina executives, mentoring programs, Latina board members, educational opportunities, alternative work policies, dependent/child care support, employee benefits, women’s issues, job retraining, affinity groups and Hispanic relations.
New York Life was one of 13 companies named to Latin Business' 2008 Corporate Diversity Honor Roll for our efforts to create a diverse blend of talent in the workplace.
The magazine identified the following reasons the Company was named to the Corporate Diversity Honor Roll: commitment to the supplier diversity program, the Employee Network Groups, the Hispanic Marketing Unit's initiatives, and the strong support of numerous Hispanic philanthropic and business organizations.
New York Life received an "International Innovation in Diversity Award " from Profiles in Diversity Journal for 2008.
New York Life was acknowledged for its creation of http://www.newyorklife.com/careersforwomen, a user-friendly Website that educates women about the benefits of a career as a life insurance agent and provides visitors with easy, next steps to becoming an agent. According to Profiles in Diversity Journal, New York Life distinguished itself by virtue of the Company’s innovative approach to advance diversity in the workplace and the communities we serve. This marks the fifth year New York Life has been recognized by the magazine.
For the third year in a row New York Life Insurance Company was named an IDEAL Employer™ by undergraduate students in The Universum IDEAL Employer™ Survey - both Undergraduate and Diversity Editions.
For the Undergraduate Edition, over 43,000 undergraduate students at 195 universities participated and approximately 17,914 diverse students in 137 schools were asked to rank their IDEAL Companies for the Diversity Edition.
For undergraduate students who would like to work in the insurance industry upon graduation, New York Life was chosen as the 3rd most IDEAL Employer™ in 2008. For those undergraduates with diverse backgrounds who would like to work in the insurance industry upon graduation, New York Life was their #4 choice in 2008.
New York Life Insurance Company received ARMA International’s 2008 Cobalt Award for excellence in records and information management. The award is presented annually to the company that exemplifies organization–wide best practices in managing records and information. As winners of ARMA International’s Cobalt Award, New York Life Insurance Company is the first to symbolize excellence in today’s leading business practices. The award was created to recognize the shift – and its resulting advantages – when an organization becomes focused on proper records and information management at a foundational and organizational level.
New York Life Insurance Company has been named to PODER magazine's Top 50 Companies for Supplier Diversity list for 2009. New York Life was recognized for being a company that continues to improve and grow their supplier diversity programs by implementing innovative ideas and demonstrating commitment to inclusion. The list was compiled by a partnership between the U.S. Hispanic Chamber of Commerce and PODER staff.
New York Life Insurance Company has been named to PODER magazine's Top 50 Corporations for Hispanics list for 2009. New York Life was named to this list based on the Company's account revenues, as well as diversity in the governing board, number of high-ranking Latino executives, percentage of Latino workforce, employee groups and educational or community initiatives.
One of The Most Energy Efficient Buildings in the Nation 2008
For the second year in a row, New York Life Insurance Company has earned the U.S. Environmental Protection Agency’s prestigious ENERGY STAR, for its home office location at 51 Madison Avenue in New York City. New York Life's Westchester campus, located at 1 Rockwood Road in Sleepy Hollow, New York, received this prestigious award in 2008. This recognition identifies New York Life's building as one the most efficient buildings in the nation. The ENERGY STAR designation is the mark of superior energy performance and is given to the top 25% of facilities in the country that use on average 35% less energy than typical similar buildings and generate one-third less carbon dioxide. ENERGY STAR is a government-backed program that helps businesses and consumers protect the environment through superior energy efficiency.
Best Companies for African Americans
For the sixth year in a row, New York Life Insurance Company was named one of the 25 “Best Companies for African Americans” by Family Digest magazine. Family Digest’s editors evaluated more than 800 companies in the following areas: employee feedback, employee demographics, recruitment of African Americans, board makeup, company culture, advancement of African Americans, work-life programs and policies, and spending with Black-owned suppliers. This year's survey also included ratings in key areas by more than 70,000 Family Digest readers. New York Life was singled out for strong all-around performance and received the highest rating from Family Digest’s readers.
Best Places to Work in Westchester County for 2007
New York Life has been named one of the "Best Places to Work" in Westchester County for 2007 by Westchester Magazine. New York Life was one of 10 companies recognized. The magazine identified the child care center; the employee health department; the cafeteria; the fitness center; the various transportation options; education reimbursement; and the pension plan as some of the work/life programs and benefits that warranted New York Life's appearance on this prestigious list.
Women For Hire
Women For Hire has recognized New York Life Insurance Company as a top employer for professional women for providing quality work/life benefits to its employees relating to childcare, eldercare, and their physical and mental well being. Women For Hire enables a coveted pool of talented professionals to meet one-on-one with America's leading companies, non-profit organizations, and government agencies to satisfy recruitment goals.
If you'd like to be notified of future developments on the site, you can receive a weekly e-mail update from New York Life. Simply click here to subscribe to the Weekly What's New Update Service. You'll be able to use this same form, available from the front page (www.newyorklife.com), should you wish to unsubscribe.
Be the first to Comment
= external link that opens in new window...