New York Life receives top honors for commitment to training and development

NEW YORK, April 11, 2016—New York Life was recently named to Training magazine’s Top 125 and Chief Learning Officer magazine’s LearningElite for excellence in employer-sponsored training and development programs.

“Investing in best-in-class learning and development initiatives is critical for attracting and retaining top talent,” said Michael Molinaro, Vice President and Chief Learning Officer, New York Life. “We are proud to be recognized for providing our employees and agents with meaningful skills they need to develop their knowledge and skill sets.”

This is the fifth consecutive year that New York Life was named to Training magazine’s Top 125. The list is based on benchmarking statistics including 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 2016 training Top 125 winners set the bar high for employee training and development,” said editor-in-chief of Training magazine, Lorri Freifeld. “They consistently design and implement effective programs that engage their employees and yield demonsratable business outcomes. These organizations are a testament to the power of strategic training and development. We salute their passion, commitment, and dedication to their employment and the training industry overall.”

This is the first year the company has earned gold, the highest ranking, and the fourth consecutive year the company has been made Chief Learning Officer magazine’s LearningElite, which is a robust, peer-reviewed ranking and benchmarking program that acknowledges organizations employing exemplary workforce development strategies and delivering significant business results. New York Life was recognized for its efforts in functional areas including leadership development, use of technology, executive buy-in, and content development and delivery, among others.

“We are constantly impressed by the industry’s dedication to innovating and evolving the practices of learning and development,” said Sarah Kimmel, vice president of research and advisory services for Human Capital Media, the largest integrated media company supporting the human resources industry and publisher of Chief Learning Officer magazine. “This powerful data is key in identifying the most current elite practices within the learning and development field.”

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 InvestorsService (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. 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.

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Further Reading
  • Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/16/14. For methodology, see http://fortune.com/fortune500/.
  • Individual independent rating agency commentary as of 8/13/14.
  • 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.