In 2009, 58% of the employees who received management and leadership training at Prudential Financial were women.
Parents hold 54% of the jobs at this financial services firm, and 36% have children young enough to attend day care. They appreciate the childcare center that the firm offers at its Woodbridge, NJ, location and its backup care centers at sites in Newark, NJ, and Drescher, PA, which allow 20 annual visits (40 for newborns) at $15 per day. Outside of those areas, parents take advantage of child-care discounts of up to 15% and either use in-home backup care for $4 per hour or rely on any of 3,000 centers for $2 per child per hour. To afford it, they save money in the firm's pretax child-care account, which comes with a 25% match (up to $1,000). Travel-related child care is reimbursed up to $500 annually. For foster parents, there's also a gift of $1,000 the first year they care for a child. Moms like the firm's free life, health and budget coaches, ten fitness centers and eight medical clinics.
Chairman & CEO John Strangfeld
SVP, HR & Chair of the Prudential Foundation Sharon Taylor
Women managers, senior managers and corporate execs 50%
Women among top earners 37%
Women on board of directors 14%
Women corporate executive hires in 2009 75%
Women participating in management or leadership training in the past year* 34%
Women participating in formalized executive succession planning last year* 4%
Women promoted last year who utilized a formal flexible work arrangement 89%
Do formal compensation policies reward managers who help women advance? Yes
*Percentages reflect number of women participants versus company’s total female workforce.