top 50 companies for executive women 2015...source: 2015 national association for female executives...

™

Top 50 Companies for Executive Women 2015Executive Summary

Source: 2015 National Association for Female Executives

workingmother.com/wmri

™

2

Each organization completed a detailed application from the National Association for Female Executives (NAFE) covering both internal and external programs and activities that benefit women. The 2015 application included sections on the following:

◆ Company Profile◆ Workforce Profile◆ Women’s Issues and Advancement◆ Company Culture and Work Life Programs

Completed applications for the 2015 NAFE Top 50 Companies initiative were collected online from December 13, 2013, to March 14, 2014, and also from June 20 to August 29, 2014.

Winning companies were selected from a pool of self-selected applicant companies and ranked on the data they provided in their applications.

Statistics reported are aggregated based on the data from the 50 winning for-profit companies.

Ten nonprofit companies were also chosen as winners in a separate list.

Winners were selected based on these applications and are being announced in the February/March 2015 issue of Working Mother magazine and at workingmother.com.

NAFE is a division of Working Mother Media.

Research Methodology


™

3*Please note that each year we also recognize a small group of not-for-profit companies, but each must meet the other criteria above.Source: 2015 National Association for Female Executives

The purpose of the NAFE Top 50 Companies for Executive Women initiative is to recognize American corporations that move women into top executive positions and create a culture that identifies, promotes and nurtures high-potential women.

This application is designed to identify companies where women have significant clout, making the decisions that affect their company’s future and its bottom line by leading businesses, setting policy and holding profit-and-loss responsibility. The application also tracks what companies are doing to help advance women as well as the impact of their programs. In order to be eligible to be considered for the NAFE Top 50 initiative, a company:

1. Must have a minimum of TWO (2) women on the Board of Directors

2. Must be a public or private for-profit* company

3. Must have a minimum of 1000 employees

4. The following organizations are NOT eligible to apply: Divisions of companies and companies in the business of providing work life services or consulting (e.g. child care or flexibility), or consulting and government agencies (taxation and revenue departments, motor vehicle bureaus, military, legislatures, executive branches, judiciaries, prosecutorial offices, etc.).

Background on the Initiative



™

4

More women at the top: The percentage of board seats occupied by women at the NAFE Top Companies continued to increase this year, to 29%—up from 27% last year and 26% in 2013. Notably, half of the 2015 Top Companies now have four or more women on their board of directors, versus 36% in 2011.

More senior manager growth: Representation of women overall at the 2015 NAFE Top Companies continues to hold steady at 51%. The biggest increase in female representation is found in the senior manager ranks, where women now hold 37% of these positions, up from 33% in 2012.

More manager promotions: Overall, women at the NAFE Top Companies receive 45% of promotions to the manager level and above. The largest proportion of promotions going to women is at the manager level; however, men still receive the majority of promotions at all job levels.

More support for advancement: Top Companies continue to support advancement programs; the percentage of companies that offer job rotation, succession planning and career counseling programs increased from 2014.

Summary of 2015 Findings


™

5

In 2015, both Procter & Gamble and Prudential Financial celebrate their 15th year on the NAFE Top Companies list, joining IBM and Aetna in our Hall of Fame.

NAFE Top Companies Hall of Fame

15 YEARS

17 YEARS

15 YEARS

16 YEARS



™

6

Abbott TOP 10

Accenture

Aetna

Allstate Insurance

American Express

AstraZeneca

AT&T

Avon Products

Bank of America

Boehringer Ingelheim USA

Capital One Financial

Cardinal Health

Cisco

Colgate-Palmolive

Diageo North America

DigitasLBi

DuPont

Edelman

Eli Lilly and Company

Ernst & Young LLP TOP 10

First Horizon National

FleishmanHillard

Freddie Mac

General Mills TOP 10

General Motors

Grant Thornton

IBM TOP 10

Intel

Johnson & Johnson TOP 10

Kellogg

KPMG TOP 10

Kraft Foods Group

L’Oreal USA

Marriott International TOP 10

MassMutual Financial Group TOP 10

MasterCard

MetLife

Moss Adams

Northern Trust

PNC Financial Services Group

Procter & Gamble TOP 10

Prudential Financial

PwC

State Farm TOP 10

Target

Texas Instruments

Verizon Communications

Viacom

Walmart Stores

Williams-Sonoma, Inc.

2015 NAFE Top 50Companies in red are 2014 Fortune 500 Companies


™

7 Source: 2010, 2011, 2012, 2013, 2014, and 2015 National Association for Female Executives

Board RepresentationThe percentage of board seats occupied by women at the NAFE Top Companies continued to increase this year, to 29%—up from 27% last year and 26% in 2013—after remaining steady at 23% between 2010 and 2012.

2010 23%

2012 23%

2013 26%

2014 27%

2015 29%

2011 23%

( RepResentation of women on boaRds of diRectoRs at the nafe top 50 )

0% 100%


™

8Source: 2015 National Association for Female ExecutivesSource: 2014 Catalyst Census: Women Board Directors

When it comes to female representation on their boards of directors, the NAFE Top Companies far outpace the Standard & Poor’s 500, 29% vs. 19%.

Board Representation

2015 nafe top 50

s&p 500 19%

29%

( RepResentation of women on boaRds of diRectoRs )

0% 100%



™

9

2 women 3 women 4 women 5+ women

0%

100%

’11

28%

’15

18%

’11

36%

’15

32%

’11

26%

’15

34%

’11

10%’15

16%

2015 NAFE Top 502011 NAFE Top 50

The NAFE Top Companies report significant growth in female representation on their boards of directors. Fifty percent of the 2015 Top Companies now have four or more women on their board of directors, versus 36% in 2011.

Board Representation

( women on boaRd of diRectoRs )


™

10

Source: 2010, 2011, 2012 ,2013, 2014 and 2015 National Association for Female ExecutivesCatalyst: Historical List of Women CEOs of the Fortune Lists (2014), based on percentage of women CEOs at the time of the annual published Fortune 500 listFortune: “Number of Fortune 500 women CEOs reaches historic high,” June 3, 2014: fortune.com/2014/06/03/number-of-fortune-500-women-ceos-reaches-historic-high/

Female CEO representation has held steady at 10% for the past four years at the NAFE Top Companies.

CEO Representation

14%

3%

2010 2011

14%

3%

2012

10%4%

2013

10%4%

2014 2015

10% 10%4% 5%

0%

NAFE Top 50 ForTuNE 500 CompANiEs

( Percentage of comPanies with female ceos )

100%


™

11

corporate executives with p&L responsibilities

corporate executives who report directly to

the ceo

corporate executives responsible for divisions with revenues of more than one billion dollars

top 10% of earners

0%

100%

Source: 2012, 2013, 2014, and 2015 National Association for Female Executives

Women make up 40% of the top ten percent of earners at the NAFE Top Companies, which marks the highest percentage in the past four years. By contrast, female representation among the executive ranks tracked by NAFE has not shifted significantly in recent years.

P&L Executive Representation

( peRcentage of p&L executives who aRe women at the nafe top 50 )

’12 ’13 ’14 ’15’12 ’13 ’14 ’15’12 ’13 ’14 ’15’12 ’13 ’14 ’15

19%22% 22% 22% 23%

26%29% 27%

22%26% 25% 26%

37%32%

35%40%



™

12

Overall, women at the NAFE Top Companies receive 45% of promotions to the manager level and above. The largest proportion of promotions going to women is at the manager level; however, men still receive the majority of promotions at all job levels.

Promotions

Female Male

( pRomotions to manageR and above )

0% 100%

total 45% 55%

managers 46% 55%

senior manager 40% 60%

corporate executive 34% 66%


™

13 Source: 2012, 2013, 2014, and 2015 National Association for Female Executives

Total representation of women at the 2015 NAFE Top Companies continues to hold steady at 51%, while the percentage of female senior managers (37%) continues to climb.

Representation By Job Level

executives

2012201320142015

22%25%

28%27%

senior managers

2015

201220132014

37%

33%34%

35%

managers2015

201220132014

44%

44%

45%43%

total employees

2015

201220132014

53%51%51%51%

( RepResentation of women at the nafe top 50 )100%0%


™

14

Advancement Programs

Source: 2013, 2014, and 2015 National Association for Female Executives

The NAFE Top Companies continue to support advancement programs; the percentage of companies that offer job rotation, succession planning and career counseling programs increased from 2014.

( peRcentage of nafe top 50 that offeR: )

Job Rotation

succession planning

career counseling

0% 100%

2013

2014

2015

2013

2014

2015

2013

2014

2015

98%96%

80%

94%90%

88%

100%98%98%


™

15 Source: 2013 and 2014 National Association for Female Executives

In addition, the 2015 NAFE Top Companies all continue to support women’s issues and advancement through the following impactful programs.

Advancement Programs


100%100%100%

100%100%100%

100%100%100%

42%60%

58%

100%100%

98%

96%96%96%

0% 100%

executive coaching

affinity/network groups

program to identify high-potential women

management/leadership training

mentoring program

sponsorship

201320142015

201320142015

201320142015

201320142015

201320142015

201320142015


™

16 Source: 2011, 2012 ,2013, 2014 and 2015 National Association for Female Executives

Female participation in mentoring and affinity/network groups increased significantly at the NAFE Top Companies this year, with more than a third (38%) of women utilizing mentoring programs, and 29% of women participating in affinity/network groups.

Management/leadership training groups experienced a decline in female usage to 17%, from 32% last year, as did career counseling—where female participation fell from 64% to 58%.

Female participation in sponsorship programs continued to hold somewhat steady at around 9%.

Participation in Advancement Programs

12%19% 20%

32%

mentoring program

management/leadership

training

15%

23% 26%32%

’11 ’12 ’13 ’14 ’15 ’11 ’12 ’13 ’14 ’15’11 ’12 ’13 ’14 ’15 ’11 ’12 ’13 ’14 ’15 ’11 ’12 ’13 ’14 ’15

20%

38%38%

52%

64%57%

29%

career counseling

18%23%

17%17%12%

affinity/ network groups

9% 11% 9% 9%10%

sponsorship program

( femaLe paRticipation Rate in advancement pRogRams at the nafe top 50 )


™

17 Source: 2011, 2012, 2013, 2014 , and 2015 National Association for Female Executives

The percentage of managers participating in training at the NAFE Top Companies shrank this year, after steadily increasing the previous four years.

Manager Participation in Training

how to manage work life concerns of employees

32%

2011

41%

2012

41%

2015

42%

2013

43%

2014

how to implement and manage employee

flexible work arrangements

30%

2015

34%

2011

34%

2012

37%

2013

38%

2014

( peRcentage of manageRs at the nafe top 50 tRained in: )

0%

100%

0%

100%



™

18

Nearly every NAFE Top Companies CEO reviews succession plans for gender equity, while at 80% of the winning companies, the CEO meets regularly with a Women’s Advancement executive to review work life goals and performance.

CEO Engagement

( peRcentage of nafe top 50: )0% 100%

senior-level succession plans for gender equity reviewed by ceo

meets regularly with women’s advancement executive to review work

life goals and performance

provides annual update on women’s advancement to the board of directors

Requires work life executive to report back to him/her on work life metrics

oversees/approves management compensation plans that are tied to

women’s advancement

makes ceo work life statement available on corporate website/corporate materials

includes an update on work life during annual updates with employees

98%

80%

66%

64%

60%

56%

44%



™

19

The NAFE Top Companies are committed to the physical and mental health of employees and are providing increased support for the following programs:

Health & Wellness Benefits


84%94%

84%90%

76%86%

76%86%

50%82%

50%58%

42%58%

38%48%

32%42%

18%24%

0% 100%

20142015

20142015

20142015

20142015

20142015

20142015

20142015

20142015

20142015

20142015

fitness center discounts/subsidies

financial incentives for achieving health/wellness goals or for participation in programs

benefits or programs for employees who show signs of depression

wellness newsletter/column

support groups

healthcare premium discounts for participating in annual health risk assessment

on-site sick room

healthcare premium discounts for not using tobacco products

fitness equipment subsidy/reimbursement

healthcare premium discounts for participating in a weight-loss program



™

20

All NAFE Top Companies offer professional development opportunities and cover certification/recertification fees.

Personal Service Benefits


professional development opportunities 100%

98%professional memberships

88%cross-training to develop skills not directly related to the job

78%professional license application or renewal fees

100%certification/recertification fees

0% 100%

™

Top 10 Nonprofit Companies 2015


21



™

22

2015 NAFE Top 10 Nonprofit Companies

Blue Cross Blue Shield of North Carolina

Bon Secours Virginia Health System

Children’s Healthcare of Atlanta

Mercy Health System

Moffitt Cancer Center

Northwestern Memorial HealthCare

Scripps Health

TIAA-CREF

TriHealth

WellStar Health System



™

23

At the 2015 NAFE Top 10 Nonprofit companies, women hold more leadership positions than they do at the NAFE Top 50.

For-Profit Vs. Nonprofit Top Companies

( RepResentation of women in LeadeRship positions )2015 NAFE Top 502015 NAFE Top 10 NoNproFiT CompANiEs

executives

top 10% earners

executives with p&L responsibilities

board of directors

0% 100%

29%32%

27%39%

22%37%

40%63%



™

24

For-Profit Vs. Nonprofit Top CompaniesSeventy percent of the NAFE Top 10 Nonprofit Companies offer a sponsorship program, compared to 58% at the NAFE Top 50.

( peRcentage of nafe top 10 nonpRofit companies that offeR: )

affinity/network groups

career counseling

management/leadership training

sponsorship

succession planning

Job rotation

executive coaching

mentoring

0% 100%

100%100%

100%96%

100%100%

70%98%

100%98%

100%100%

100%94%

70%58%

2015 NAFE Top 502015 NAFE Top 10 NoNproFiT CompANiEs



™

25

At the 2015 NAFE Top 10 Nonprofit Companies, a majority of managers are trained in how to hire, manage, or advance women and managing work life concerns.

For-Profit vs. Nonprofit Manager Participation in Training

( peRcentage of manageRs at the 2015 nafe top 10 nonpRofit companies tRained in: )2015 NAFE Top 502015 NAFE Top 10 NoNproFiT CompANiEs

74%

41%

67%

41% 42%30%

0%

100%

implementing and managing employee flexible work

arrangements

managing work life concerns

how to hire, manage, or advance women


™

26

How do you rate in key areas like diversity & inclusion, women’s advancement and work life programs? The Working Mother Research Institute has the answer. With one of the most comprehensive databases available to corporate America, WMRI has the data you need to make the right decisions for both your employees and your bottom line.

To find out how your company rates, register today for one of our initiatives:◆ Working Mother 100 Best Companies◆ Working Mother Best Companies for Multicultural Women◆ Working Mother & Flex-Time Lawyers Best Law Firms for Women◆ NAFE Top Companies for Executive Women◆ Diversity Best Practices Benchmarking Tool

Participation is free and confidential.

Interested in learning more? Visit wmmsurveys.com today!


™

27

BenchmarkingOur benchmarking reports offer the most detailed data available, showing how your company rates, question-by-question, against all of the Best Companies. Custom comparisons are also available.

ScorecardsEach participating company receives a free top-line summary of how it compares with all applicants across essential clusters of the initiative’s extensive application.

Custom AssessmentsLet our researchers do the assessment for you. Our experienced team will turn your benchmarking data into a turnkey presentation showing where your company leads and lags compared with the Best Companies.

Interested in learning more? Contact Kristen Willoughby at [email protected] for more information today!


™

28 Learn more at workingmother.com/wmri

From flexibility and child care to the recruitment, retention and advancement of women, the Working Mother Research Institute is dedicated to tracking and promoting the best practices of today while creating strategies for tomorrow.

WMRI’s goal is to give both working mothers and their employers the information they need to make workplaces truly family friendly.


™

29

Contact Information

Learn more at workingmother.com/wmri

Jennifer Owens, Director [email protected]

Krista Carothers, Senior Research Editor [email protected]

Kristen Willoughby, Senior Manager, Editorial & Research Initiatives [email protected]

Michele Siegel, Director of Research Initiatives [email protected]

Tierney O’Brien, Custom Insights Analyst [email protected]

top 50 companies for executive women 2015...source: 2015 national association for female executives...

Documents