JPMorgan Chase’s New Parent Survival Guide provides employee moms with information on lactation rooms, child care, adoption assistance and time off.
Global economic turbulence has forced execs in banking and financial services to examine the core of how they do business—and sparked a new appreciation of the fundamentals. In 2008, this New York City firm stepped up its promotion of flexible schedules, which have been essential to helping employee moms cope—particularly in the wake of last year’s acquisition of Bear Stearns and Washington Mutual, when the workload for many doubled. Telecommuting, job-sharing and flextime are now more widely accepted than ever, as is the practice of conferencing into meetings from home via phone or Internet. Interest in flexible arrangements shot up 87% last year, according to an internal survey, with one of every three employees working a schedule of his or her own making. Two-week camps launched at 14 on-site child-care centers last summer also scored with parents.
Chairman & CEO: Jamie Dimon
Executive VP: John Donnelly
Women managers/execs: 43%
Women among top earners: 28%
Women on board of directors: 17%
Women corporate executive hires in 2008: 34%
Women participating in management or leadership training in the past year: n/a
Women participating in formalized executive succession planning last year: n/a
Women promoted last year who utilized a formal flexible work arrangement: 65%
Formal compensation policies reward managers who help women advance: Yes