nafe top70 2019 companies for executive women...about the nafe top 70 companies for executive women....
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Companies for Executive WomenTOP70
2019NAFE
About The NAFE Top 70 Companies for Executive Women
The National Association for Female Executives (NAFE) is a division of Working Mother Media. This list, denoting which organizations are best for executive women, has existed for 21 years. The list is determined by organizations filling out an in-depth survey that measures female demographics at every level, but with an emphasis on women in senior corporate roles, with Profit & Loss responsibility, and those earning in the top 20 percent of the organization.
The list also puts emphasis on best practices that demonstrate effectiveness in moving women to senior ranks, including mentoring, sponsorship, involvement in employee resource groups and leadership-development training. In addition, the survey measures benefits, especially working flexibly, and corporate culture, including involvement of the CEO and top leaders in advancing women.
Abbott
AbbVie
Accenture
Aetna
Allstate
Anthem
Bank of America
Baxter Healthcare
BDO USA
Boehringer Ingelheim
The Boston Consulting Group
Bristol-Myers Squibb
Brown-Forman
Cardinal Health
Chico’s FAS, Inc.
Colgate-Palmolive Company
Dechert
Deloitte
Diageo North America
DuPont
Edelman
Eli Lilly and Company
Ernst & Young LLP
Federal Reserve Bank of Chicago
First Horizon National Corporation
FleishmanHillard
Freddie Mac
General Mills
General Motors
Goldman Sachs
Grant Thornton
HP
Intel
IBM
JCPenney
JLL
Johnson & Johnson
Katten Muchin Rosenman
Kellogg Company
Kendra Scott
Kimberly-Clark Corporation
KPMG
L’Oreal USA
Marriott International
McKinsey & Company
Merck & Co.
Monsanto
Moss Adams
New York Life
Oliver Wyman
Pillsbury Winthrop Shaw Pittman
The PNC Financial Services Group
Principal Financial Group
Procter & Gamble
Protiviti
Prudential Financial
Roche Diagnostics
Sanofi US
SapientRazorfish
Sodexo
State Farm
Synchrony
Texas Instruments
TIAA
Unilever USA
Verizon
Viacom
Visa Inc.
Whirlpool Corporation
Zoetis
(RED = TOP 10)NAFE Top 70 Companies (in alphabetical order)
(RED DENOTES NEW TO HALL OF FAME)
Bon Secours Virginia Health System
CareFirst BlueCross BlueShield
Children’s Healthcare of Atlanta
CSAA Insurance Group
Dayton Children’s Hospital
H. Lee Moffitt Cancer Center & Research Institute
Horizon Blue Cross Blue Shield of New Jersey
Northwestern Memorial HealthCare
WellStar Health System
Yale New Haven Health System
IBM 21
Aetna 20
Procter & Gamble 19
Prudential Financial 19
Principal 18
Allstate 17
Merck & Co. 17
Bristol-Myers Squibb 16
Colgate-Palmolive Company 16
Dupont 15
General Mills 15
Marriott International 15
NAFE Top 10 Non- or Not-For-Profits
Hall of Fame (15 years or more on this list)
Overall, especially when compared against five years ago and current national averages (where available), NAFE companies demonstrate progress in moving women into P&L management and more senior executive roles. There are fluctuations especially among the top 10 from last year to this, but the slow, steady rate of increase has been encouraging. Still, the percentage of women in these roles, especially at the top, remains far too low. New NAFE research, to be released in the spring of 2019, is determining what is keeping women from the top positions and offering the most viable solutions.
Demographics
% Women on Board of Directors
2019 2018 2015
35%32%
21%
39%
30%
21%
29% 29%
19%
Top 10 Top 70 S&P 500
2019 2018 2015
30%
23%
16%
2019 2018 2015
35%32%
21%
39%
30%
21%
29% 29%
19%
Top 10 Top 70 S&P 500
2019 2018 2015
30%
23%
16%
NAFE Top Companies With 5+ Women on Board
Note: In 2015, there were 50 NAFE Top Companies
Demographics
% of Companies With Female CEO
% Female Corp Execs With P&L Responsibility
% Female Direct Reports to CEO
Top 10 Top 70
Top 10 Top 70
Top 10 Top 70
S&P 500
2019 2018 2015
30%
19%
5%
40%
14%
5%10% 10%
5%
2019 2018 2015
28% 26% 25% 25% 23% 22%
2019 2018 2015
37%33%
41%
30%26% 27%
Top 10 Top 70
Top 10 Top 70
Top 10 Top 70
S&P 500
2019 2018 2015
30%
19%
5%
40%
14%
5%10% 10%
5%
2019 2018 2015
28% 26% 25% 25% 23% 22%
2019 2018 2015
37%33%
41%
30%26% 27%
Top 10 Top 70
Top 10 Top 70
Top 10 Top 70
S&P 500
2019 2018 2015
30%
19%
5%
40%
14%
5%10% 10%
5%
2019 2018 2015
28% 26% 25% 25% 23% 22%
2019 2018 2015
37%33%
41%
30%26% 27%
Ginni Rometty of IBM
Demographics
% Women Corp Execs Heading Divisions of More Than $1B
Top 10 Top 70
2019 2018 2O15
28% 26% 25%21%
32%26%
2019 2018 2015
39% 38% 37% 39%36%
45%
% Women Among Top 20% Highest Paid
Demographics
Representation by Job Level, FemaleTop 10 Top 70
2019 2018 2015
47% 45% 45%45% 45% 44%
2019 2018 2015
40% 37% 38% 37% 40% 37%
2019 2018 2015
34%30% 30% 28% 31%
27%
Top 10 Top 70
2019 2018 2015
47% 45% 45%45% 45% 44%
2019 2018 2015
40% 37% 38% 37% 40% 37%
2019 2018 2015
34%30% 30% 28% 31%
27%
MANAGER
SENIOR MANAGERS
EXECUTIVES
The strong correlation between formal sponsorship and women’s advancement is noteworthy. In recent years, more NAFE organizations have promoted sponsorship, which occurs when a senior leader advocates for a more junior protégé. Women are encouraged to find sponsors and to become sponsors themselves. Still, many organizations insist sponsorship is a relationship best developed organically or naturally between sponsor and protégé. Unfortunately, that frequently means white men (who hold the vast majority of senior positions in corporate America) connect with other white men as sponsors.
While mentoring continues to be critical, sponsorship seems to be a more significant factor in moving women to executive positions.
Advancement Programs
Offer Formal Sponsorship*
Top 10 Top 70
2019 2018 2015
80%70%
80%66%
100%
58%
Top 10 Top 70
100%
69%
Top 10 Top 70
82%
44%
Top 10 Top 70
80%
59%
Top 10 Top 70
80%
64%
2019 2018 2015
62%
31%
58%
27%
48%
29%
2019 2018 2015
9% 12% 9% 3% 9% 2%
% Corp Execs Participating in Formal Sponsorship
% Senior Managers Participating in Formal Sponsorship
Top 10 Top 70
2019 2018 2015
80%70%
80%66%
100%
58%
Top 10 Top 70
100%
69%
Top 10 Top 70
82%
44%
Top 10 Top 70
80%
59%
Top 10 Top 70
80%
64%
2019 2018 2015
62%
31%
58%
27%
48%
29%
2019 2018 2015
9% 12% 9% 3% 9% 2%
Top 10 Top 70
2019 2018 2015
80%70%
80%66%
100%
58%
Top 10 Top 70
100%
69%
Top 10 Top 70
82%
44%
Top 10 Top 70
80%
59%
Top 10 Top 70
80%
64%
2019 2018 2015
62%
31%
58%
27%
48%
29%
2019 2018 2015
9% 12% 9% 3% 9% 2%
* Only added the word “formal” for sponsorship in 2019 and 2018.
Advancement Programs
Company Offers Training for Sponsors and Protégés
Company Policy Lets Employees Have Option to Move On/Off Leadership Track
Top 10 Top 70
2019 2018 2015
80%70%
80%66%
100%
58%
Top 10 Top 70
100%
69%
Top 10 Top 70
82%
44%
Top 10 Top 70
80%
59%
Top 10 Top 70
80%
64%
2019 2018 2015
62%
31%
58%
27%
48%
29%
2019 2018 2015
9% 12% 9% 3% 9% 2%
Top 10 Top 70
2019 2018 2015
80%70%
80%66%
100%
58%
Top 10 Top 70
100%
69%
Top 10 Top 70
82%
44%
Top 10 Top 70
80%
59%
Top 10 Top 70
80%
64%
2019 2018 2015
62%
31%
58%
27%
48%
29%
2019 2018 2015
9% 12% 9% 3% 9% 2%
Female Participation In Employee-Resource Groups
% Females Included in Formal Succession Planning
Top 10 Top 70
2019 2018 2015
80%70%
80%66%
100%
58%
Top 10 Top 70
100%
69%
Top 10 Top 70
82%
44%
Top 10 Top 70
80%
59%
Top 10 Top 70
80%
64%
2019 2018 2015
62%
31%
58%
27%
48%
29%
2019 2018 2015
9% 12% 9% 3% 9% 2%
Top 10 Top 70
2019 2018 2015
80%70%
80%66%
100%
58%
Top 10 Top 70
100%
69%
Top 10 Top 70
82%
44%
Top 10 Top 70
80%
59%
Top 10 Top 70
80%
64%
2019 2018 2015
62%
31%
58%
27%
48%
29%
2019 2018 2015
9% 12% 9% 3% 9% 2%
Top 10 Top 70
NOT ASKED
2019 2018 2015
80%
54%
90%
69%80%
60%
2019 2018 2015
100%90%
100%94% 90%
80%
2019 2018 2015
100%
67%
100%
66%60%
46%
2019 2018 2015
100%91%
60% 61%
The role of the CEO is promoting women’s advancement is critical yet progress in this area has not been significant. What has changed is CEOs, both male and female, being more upfront about personal use of flex time and support for women in the workplace.
CEO Engagement
Meets regularly with exec responsible for women’s advancement
Oversees management comp tied to women’s advancement
Top 10 Top 70
NOT ASKED
2019 2018 2015
80%
54%
90%
69%80%
60%
2019 2018 2015
100%90%
100%94% 90%
80%
2019 2018 2015
100%
67%
100%
66%60%
46%
2019 2018 2015
100%91%
60% 61%
Top 10 Top 70
NOT ASKED
2019 2018 2015
80%
54%
90%
69%80%
60%
2019 2018 2015
100%90%
100%94% 90%
80%
2019 2018 2015
100%
67%
100%
66%60%
46%
2019 2018 2015
100%91%
60% 61%
Mary Barra of General Motors
CEO Engagement
CEO uses flexible work arrangements
CEO Updates Employees on Women’s Advancement
Top 10 Top 70
NOT ASKED
2019 2018 2015
80%
54%
90%
69%80%
60%
2019 2018 2015
100%90%
100%94% 90%
80%
2019 2018 2015
100%
67%
100%
66%60%
46%
2019 2018 2015
100%91%
60% 61%
Top 10 Top 70
NOT ASKED
2019 2018 2015
80%
54%
90%
69%80%
60%
2019 2018 2015
100%90%
100%94% 90%
80%
2019 2018 2015
100%
67%
100%
66%60%
46%
2019 2018 2015
100%91%
60% 61%
Top 10 Top 70
NOT ASKED
2019 2018 2015
80%
54%
90%
69%80%
60%
2019 2018 2015
100%90%
100%94% 90%
80%
2019 2018 2015
100%
67%
100%
66%60%
46%
2019 2018 2015
100%91%
60% 61%
Alex Gorsky of Johnson & Johnson
• The National Association for Female Executives (NAFE), founded in 1972, serves 10,000 members nationwide with networking, tools and solutions to strengthen and grow their careers and businesses.
• Working Mother magazine publishes the annual NAFE Top Companies and Women of Excellence lists.
• NAFE.com provides up-to-date information, a community for women in business, and access to member benefits.
• NAFE is a division of Working Mother Media, owned by Bonnier Corporation.
• Betty Spence, Ph.D. is President of NAFE.
About NAFE
WORKING MOTHER RESEARCH INSTITUTE
Barbara Frankel • Executive [email protected](212) 219-7445
Michele Siegel • Director, Bonnier Custom [email protected](212) 779-5267
Aviva Rosner • Custom Insights [email protected](212) 779-5034
Suzanne Richards, Ph.d. • [email protected](908) 202-4227
Visit:
www.workingmother.com/surveys to apply
www.workingmother.com/wmri to see recent research