Bank of America
Bank of America’s My Work program reimburses telecommuting employees for their computers, PDAs, Internet, phone fees—even office furniture.
When it comes to benefits, this Charlotte, NC–based bank offers its 200,000 employees everything from $5,000 college scholarships for their kids to $8,000 in adoption assistance. But it’s really outdone itself lately, upgrading its offerings and extending them to formerly ineligible workers. Chief improvements include an increase in paid maternity, paternity and adoption leave to 12 weeks from eight and the gift of $600 to $1,200 health-care accounts for associates to use on copays, vitamins, prescriptions and other health extras. Parents who earn up to $55,000 in salary (formerly $34,000) and use the bank’s nine on-site child-care centers are now eligible for subsidies and scholarships. And executive moms who want to take one to three years off can tap a new Career Connections program, which keeps them in the loop with career development opportunities while they’re on break.
Chairman, President & CEO: Kenneth D. Lewis
Senior VP, Compensation & Benefits Executive: E. Randall Morrow
Women managers/execs: 48%
Women among top earners: 31%
Women on board of directors: 25%
Women corporate executive hires in 2008: 25%
Women participating in management or leadership training in the past year: 20%
Women participating in formalized executive succession planning last year: N/A
Women promoted last year who utilized a formal flexible work arrangement: 3%
Formal compensation policies reward managers who help women advance: Yes



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