American Express, Best Companies | Working Mother

American Express

Based in New York, NY, American Express has earned a spot on the Working Mother 100 Best Companies list, NAFE Top Companies For Executive Women list and the Best Companies for Multicultural Women list.

American Express

American Express

Photo: American Express

2017 Working Mother 100 Best Companies

Hall of Fame

Quarter Century Club

Going back to school is tempting when you work for this financial services company, where employees are eligible for up to $7,500 in tuition aid for graduate-school courses every year. More than 1,000 people take advantage of this perk annually; flexible work arrangements help them find time for class. Scholarships totaling up to $16,000 offset kids’ college costs; free financial coaching helps their parents figure out how to pay the balance. New moms now get 20 fully paid weeks off; those who adopt, use a surrogate or try fertility treatments tap benefits worth $35,000.

 

CHAIRMAN & CEO: Kenneth Chenault
EXECUTIVE VP & CHIEF HR OFFICER: Kevin Cox
WEBSITE: American Express

 

Representation

Years on the 100 Best list 26
Total number of U.S. employees 20,930
Percentage of employees who are women 57%
Percentage of managers and executives who are women 48%
Percentage of new hires who are woman 50%

 

Parental Leave

Fully paid weeks off for new moms (average) 10
Fully paid weeks off for new dads (average) 2
Fully paid weeks off for adoptive parents (average) 6

 

Family Support

Company offers backup childcare Yes
Company subsidizes backup eldercare Yes
Company offers on-site vaccinations Yes

 

Advancement

Percentage of female employees participating in career counseling 100%
Percentage of female employees participating in management/leadership training Not tracked
Percentage of female employees participating in mentoring Not tracked

 

Flexibility

Percentage of employees who telecommute 48%
Percentage of employees who use compressed work schedules Not tracked
Managers trained to consider work life and flexibility concerns of employees Yes
Number of job openings listed in July 2017 1239
Number of work-from-home job openings listed in July 2017 163

 

2017 Best Companies for Multicultural Women

Hall of Fame

In January 2016, this financial services company began offering select multicultural women access to an external program called Transformational Leadership, which explains how to navigate halls of power. Women make up 44% of employees at the VP level and above; to increase that group’s diversity, management encourages senior leaders from its black and Hispanic/Latin-American employee networks to share notices of executive job openings with their contacts.

CHAIRMAN & CEO: Kenneth I. Chenault
CDO: Nancy Testa
WEBSITE: American Express

 

By the Numbers

Years on our list 15
Number of U.S. employees 20,930
Percentage of employees who are multicultural women 23%
Percentage of senior managers and above who are multicultural women 14%
Percentage of top 20% of earners who are multicultural women Not answered
Percentage of all hires at the manager level or above who are multicultural women 17%
Percentage of promotions that went to multicultural women 21%
Percentage of multicultural women who participate in mentoring Not answered
Recruiters are expected to supply a multicultural slate of candidates for open positions Yes
Company requires a panel of multicultural interviewers for new candidates No

 

2017 NAFE Top Companies for Executive Women

Keeping an eye on the numbers ensures this financial services company never loses sight of how its female employees are doing. They represent nearly 45% of U.S. employees at the VP level and above (up from 41% last year). To ensure they keep moving through the talent pipeline, management recently updated its diversity scorecard to more closely track the progress of those in senior roles. The Women Rising at Amex program promotes sponsorship and networking opportunities, while the Accelerated Leadership Development program helps high-potential VP participants earn promotions. Inspiration comes via the Spotlight on Women series, held across select offices, which uses research to start discussions about female advancement.

 

 

By the Numbers

Years on the NAFE Top Companies for Executive Women list 14
Total number of U.S. employees 20,930
Percentage of total employees who are women 57%
Percentage of senior managers who are women 46%
Percentage of corporate executives who are women 31%
Percentage of employees earning promotions to the manager level and above who are women 51%
Percentage of top 10% of earners who are women 42%
Percentage of profit-and-loss executives who are women 39%
Percentage of leaders of billion-dollar divisions who are women data not provided
Percentage of direct reports to the CEO who are women 8%
Percentage of board of directors members who are women 25%
Managers trained in how to hire, manage or advance women Yes
Senior-level succession plans for gender equity reviewed by CEO Yes

 

 

 

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