Bank of America, Best Companies | Working Mother

Bank of America

Based in Charlotte, NC, Bank of America earned spots on the Working Mother 100 Best Companies and the NAFE Top Companies for Executive Women lists.

Bank of America logo

Bank of America

BOA

2017 Working Mother 100 Best Companies

Hall of Fame

Quarter Century Club

Top 10

Caregivers will be excited to see all that this bank offers them, especially those in the sandwich generation (nearly 10% of employees here look after an adult). If they’re building their families, they can tap 16 weeks’ fully paid parental leave, $8,000 in adoption reimbursements per child and up to $240 in monthly childcare subsidies. Flex options and free financial counseling also offer value. If they’re caring for adults, they can access 25 days of in-home assistance (everything from meal prep to chores and grooming) for $6 per hour; free eldercare consultations and $35 legal sessions address issues of concern for those with aging relatives.

 

Representation

Years on the 100 Best list 29
Total number of U.S. employees 175,368
Percentage of employees who are women 55%
Percentage of managers and executives who are women 46%
Percentage of new hires who are woman 51%

 

Parental Leave

Fully paid weeks off for new moms (average) 16
Fully paid weeks off for new dads (average) 16
Fully paid weeks off for adoptive parents (average) 16

 

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 34%
Percentage of female employees participating in mentoring Not tracked

 

Flexibility

Percentage of employees who telecommute 39%
Percentage of employees who use compressed work schedules Not tracked
Managers trained to consider work life and flexibility concerns of employees Yes

 

 

 

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