Bank of America
Bank of America employees who adopt are reimbursed up to $8,000 per child.
Despite a history that stretches back more than 200 years, this bank stays modern by allowing its employees to define how they work. Mothers enrolled in its My Work program may log in from home or a satellite office, whichever is more convenient; as of 2009, more than 16,000 associates had signed up for the option, and 94% said it made them more productive. Under the Select Time program, employees who need more flexibility may temporarily switch to a part time schedule and ramp back up when work demands. All new parents may take 26 job guaranteed weeks off after the birth or adoption of a child, with full pay for 12 weeks. With a manager's approval, moms can spend two paid hours per week volunteering at their kids' schools. If they want to go back to school themselves, there's $5,250 in tuition aid.
President & CEO Brian T. Moynihan
SVP, Compensation & Benefits Executive E. Randall Morrow
Women managers, senior managers and corporate execs 47%
Women among top earners 36%
Women on board of directors 14%
Women corporate executive hires in 2009 50%
Women participating in management or leadership training in the past year* Not tracked
Women participating in formalized executive succession planning last year* Not tracked
Women promoted last year who utilized a formal flexible work arrangement 30%
Do formal compensation policies reward managers who help women advance? Yes
*Percentages reflect number of women participants versus company’s total female workforce.


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