Ernst & Young LLP Ranks Among the Top 10 Companies for Working Mothers
NEW YORK, Sept. 24 /PRNewswire/ — For the fourth year in a row, Ernst & Young LLP (EY) has been ranked among the top 10 on Working Mother magazine’s 100 Best Companies list. Despite a tough economic climate, Ernst & Young LLP and the other winning companies are leading the way in pioneering programs that support families by offering flexible work arrangements, on-site lactation and extended parental leaves.
Some of the many benefits and supports that Ernst & Young LLP provides to its working parents include back-up childcare and eldercare services, an extended parental leave program and extra vacation time around summer holidays. All employees also have access to personal financial planning and a single-source employee assistance, referral and life management service program called EY Assist.
By contrast, according to Working Mother magazine, national numbers* are dismal. Just 25 percent of companies offer on-site lactation (vs. 100 percent of the 100 Best), 11 percent offer stress reduction programs (vs. 96 percent of the 100 Best), and 35 percent offer health insurance for those working a reduced schedule (vs. 99 percent of the 100 Best).
“The Working Mother 100 Best Companies stand head and shoulders above the rest,” said Carol Evans, President, Working Mother Media. “For example, in the last year, we saw the number of companies nationwide offering flexible work arrangements diminish five percentage points, while the 100 Best Companies stayed steady at 100 percent. The 100 Best provide leadership where and when we need it most, furnishing a framework of support for working families during good times and bad. If all companies adopted these best practices, more families could weather the economic storm.”
Profiles of the 100 Best Companies, as well as national comparisons, are in the October issue of Working Mother and at workingmother.com/bestcompanies.
“Moms are increasingly becoming the sole breadwinners in many households as men lose their jobs at a higher rate than women,” said Suzanne Riss, Editor in Chief, Working Mother magazine. “Now more than ever, our readers and all working mothers need the support of their employers. By offering benefits like paid maternity leave, the ability to work from home and wellness programs, as well as programs that enhance financial well-being, our 100 Best are helping to reduce stress in the busy lives of working moms. These companies epitomize family-friendly support at its best.”
Now in its 24th year, the Working Mother 100 Best Companies program draws attention to the significant contributions working mothers make to industries and the companies that recognize the importance of tapping this essential labor pool. “We have faith that some day the programs found at the 100 Best Companies will become business norms offered by all companies,” said Evans. “When the economy recovers, lagging companies will lose out on a powerful group of dedicated employees — working moms.”
“We are honored to be recognized again this year as a top company for working moms,” noted Billie Williamson, Partner and Americas Inclusiveness Officer for Ernst & Young LLP. “Although we are in a tough economic climate, the commitment to our working parents is unwavering. We continue to be highly focused on fostering an inclusive and flexible workplace culture that supports the success of all EY people, both personally and professionally.”
Companies were selected for the 2009 Working Mother 100 Best Companies based on an extensive application with more than 500 questions on workforce, compensation, child care, flexibility programs, leave policies and more. It also surveys the usage, availability and tracking of programs, as well as the accountability of managers who oversee them. Seven areas were measured and scored: workforce profile, benefits, women’s issues and advancement, child care, flexible work, parental leave and company culture. For this year’s 100 Best, particular weight was given to benefits, flexibility and parental leave.
For more information on applying for the 2010 Working Mother 100 Best Companies, visit www.wmmsurveys.com. The 2010 online application will be available in mid-December and due by early March 2010. All companies that apply, including those that don’t make the 100 Best list, receive feedback showing how they compare with all other applicants.
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 135,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve potential.
For more information, please visit www.ey.com
Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
This news release has been issued by Ernst & Young LLP, a U.S. client-serving member firm of Ernst & Young Global Limited.
About Working Mother Media
Celebrating 30 years, Working Mother magazine reaches 2 million readers and is the only national magazine for career-committed mothers while workingmother.com brings to the Web a broad range of insight and solutions served to working mothers every day. Working Mother’s 24-year signature research initiative, Working Mother 100 Best Companies, is the most important benchmark for work-life practices in corporate America. With offices in New York and Washington, D.C., Working Mother Media, a division of Bonnier Corp., includes the National Association for Female Executives, Diversity Best Practices, the WorkLife Congress and the Multicultural Women’s Conference and Town Halls. Working Mother Media’s mission is to champion cultural change.
*National statistics are taken from a recent study by the Society for Human Resource Management.
SOURCE Ernst & Young LLP