NEW YORK, September 25, 2009 - New York Life Insurance Company has been named one of the 2009 Working Mother 100 Best Companies. The publication recognized New York Life for its one-on-one mentoring initiative and executive coaching as well as a menu of programs designed to help all employees achieve a healthy work/life balance.
"In these uncertain economic times when companies are cutting back, New York Life is proud to be recognized for its unwavering dedication to family-friendly benefits and shows that New York Life leads the way in providing programs that support working mothers and their families," said Lance LaVergne, vice president and chief diversity officer, New York Life.
"The Working Mother 100 Best Companies stand head and shoulders above the rest," said Carol Evans, President, Working Mother Media. "For example, in the last year, we saw the number of companies nationwide offering flexible work arrangements diminish five percentage points, while the 100 Best Companies stayed steady at 100 percent. The 100 Best provide leadership where and when we need it most, furnishing a framework of support for working families during good times and bad. If all companies adopted these best practices, more families could weather the economic storm."
"Moms are increasingly becoming the sole breadwinners in many households as men lose their jobs at a higher rate than women," said Suzanne Riss, Editor in Chief, Working Mother magazine. "Now more than ever, our readers and all working mothers need the support of their employers. By offering benefits like paid maternity leave, the ability to work from home and wellness programs, as well as programs that enhance financial well-being, our 100 Best are helping to reduce stress in the busy lives of working moms. These companies epitomize family-friendly support at its best."
Companies were selected for the 2009 Working Mother 100 Best Companies based on an extensive application with more than 500 questions on workforce, compensation, child care, flexibility programs, leave policies and more. It also surveys 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, 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.
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 from 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. Visit New York Life's Web site at www.newyorklife.com for more information.
*"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.
Rating: 0/0 (0 votes cast)
|New York Life Named A 2009 Working Mother 100 Best Company By Working Mother Magazine|