the top50 - wmm surveys

2013Companies For Executive Women

Top50The

Executive Summary

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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 2013 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 2013 NAFE Top 50 Companies initiative were collected online from December 9, 2011, to March 9, 2012, and also from July 13 to September 7, 2012.

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 non-profit 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 2013 issue of Working Mother and at workingmother.com.

NAFE is a division of Working Mother Media.

Research Methodology

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The purpose of the NAFE Top 50 Companies for Executive Women initiative is to recognize American corporations that have moved women into top executive positions and created a culture that identifies, promotes and nurtures successful 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. We’re looking for women who lead businesses, set policy and have profit-and-loss responsibility. It also tracks what companies are doing to help advance women and the impact of their programs.

In order to be eligible to be considered for the NAFE Top 50 survey, 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.).

*Please note that each year we will also recognize a small group of not-for-profit companies, but each must meet the other criteria above.

Background on the Initiative

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Source: 2013 National Association for Female Executives

Although we at NAFE won’t be satisfied until women make up half of all CEOs, board members and executives, we were nonetheless excited to see some improvement among the 2013 NAFE Top 50:

Women make up 25% of corporate executives at the NAFE Top 50, up from 22% last year

Women make up 22% of executives with profit-and-loss responsibility at the NAFE Top 50, up from 19% last year

Women make up 26% of the leaders of billion-dollar divisions at the NAFE Top 50, up from 23% last year

Women make up 26% of the board of directors members at the NAFE Top 50, after three years of holding steady at 23%

While each increase is small, we’re optimistic that, together, they signify progress that will continue picking up momentum.

Summary of 2013 Findings

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Abbott

Aetna

Allstate Insurance

American Express

Aon

AstraZeneca

AT&T

Bank of America

BDO USA

Bristol-Myers Squibb

Cardinal Health

Cisco Systems

Colgate-Palmolive

Dell

Diageo North America

DuPont

Eli Lilly and Company

First Horizon National

Fleishman-Hillard

Freddie Mac

General Mills

HSBC USA

IBM

Johnson & Johnson

JPMorgan Chase & Co.

KPMG

Kraft Foods

Marriott International

Massachusetts Mutual Life Insurance

MasterCard Worldwide

Merck

Monsanto

New York Life Insurance

The New York Times Company

Northern Trust

Pfizer

Pillsbury Winthrop Shaw Pittman

The PNC Financial Services Group

The Principal Financial Group

Procter & Gamble

Prudential Financial

Sodexo

Starcom MediaVest Group

State Farm

Target

Texas Instruments

Verizon Communications

Viacom

WellPoint

Wyndham Worldwide

2013 NAFE Top 50Companies in red are Top Ten Winners

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Source: 2010, 2011, 2012, 2013 National Association for Female Executives

Board RepresentationThe percentage of board seats occupied by women at the NAFE Top 50 increased this year after remaining steady the past three years.

2010 23%

2012 23%

2013 26%

2011 23%

Representation of women on boards of directors at the NAFE Top 50

0% 100%

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Source: 2013 National Association for Female Executives; Catalyst Census Fortune 500 Women Board Directors (2012)

Women make up 26% of board of directors members at the 2013 NAFE Top 50 vs 17% across the Fortune 500.

Board Representation

2013 NAFE Top 50

Fortune 500 17%

26%

Representation of women on boards of directors

0% 100%

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Source: 2010, 2011, 2012 and 2013 National Association for Female Executives CNNMoney, “Fortune 500 CEOs,” April 20, 2009: http://postcards.blogs.fortune.cnn.com/2009/04/20/fortune-500-ceos-women-on-the-rise/CNNMoney, “Fortune 500,” April 15, 2010: http://postcards.blogs.fortune.cnn.com/2010/04/15/fortune-500-a-few-surprises/CNNMoney, “Women CEOs,” October 26, 2011: http://money.cnn.com/galleries/2011/news/companies/1110/gallery.18_female_fortune_500_ceos.fortune/index.htmlCatalyst, “Women CEOs of the Fortune 1000,” November 2012: http://www.catalyst.org/publication/271/women-ceos-of-the-fortune-1000

Female CEO representation held steady at 10% of the NAFE Top 50.

CEO Representation

14%

3%

2010 2011 2012 2013

14%

3%

10%

4%

10%

4%0% 0%

20% 20%

NAFE Top 50 Fortune 500 Companies

Percentage of companies with female CEOs

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Source: 2012, 2013 National Association for Female ExecutivesCatalyst, 2011 and 2012 Catalyst Census Fortune 500 Women Executive Officers and Top Earners

Twenty-five percent of executive officers at the NAFE Top 50 are women, up from 22% last year.

The NAFE Top 50 continue to outpace the Fortune 500 on representation of women at the executive level.

Executive Officer Representation

2013 NAFE Top 50

Fortune 50014%2012

14%2013

22%2012

2013 25%

Percentage of executives who are women

0% 100%

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0% 100%


At the NAFE Top 50, women make up 22% of the profit-and-loss corporate executives, up from 19% last year.

More than a quarter (26%) of the executives who run billion-dollar divisions at the NAFE Top 50 are women—an increase of 3 percentage points from last year.

P&L Executive Representation

Corporate executives with P&L responsibilities

Corporate executives responsible for divisions

with revenues of more than a billion dollars

23%2012

19%2012

22%2013

Percentage of P&L executives who are women at the NAFE Top 50

2013 26%

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Source: 2012, 2013 National Association for Female Executives

The representation of women at the manager, senior manager and corporate executive levels increased this year at the 2013 NAFE Top 50, despite a decrease in female representation in the overall workforce at these companies.

Manager Representation

2012

2013Executives

22%

25%

2012

2013Senior Managers

33%

34%

2012

2013Managers

44%

45%

2012

2013Total Employees

53%

51%

Representation of women at the NAFE Top 50

0% 100%

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The NAFE Top 50 support women’s issues and advancement through a network of powerful programs.

Advancement Programs

Executive coaching 100%

Affinity/network groups 100%

Management/leadership training 100%

Program to identify high-potential women 100%

Formal executive succession planning 98%

Formal mentoring program 96%

Career counseling 88%

Job rotation 80%

Sponsorship program 42%

Percentage of 2013 NAFE Top 50 that offer:

0% 100%

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Source: 2011 & 2012 National Association for Female Executives *Based on total number of women at those companies that have each program and provided female participation data.

A higher percentage of women at the NAFE Top 50 participated in management/leadership training and mentoring programs than in the previous years.

More than half of women at the 2013 NAFE Top 50 participated in career counseling this past year, which is an increase of 32 percentage points from the rate of usage at the 2011 NAFE Top 50.

Participation in Advancement Programs

12%19% 20%

Mentoring program

2011 2012 2013

15%23% 26%

Management/leadership training

2011 2012 2013

20%

38%

52%

Career counseling

2011 2012 2013

18%23%

17%

Affinity/ Network Groups

2011 2012 20139% 11% 9%

Sponsorship program

2011 2012 2013

Female participation rate in advancement programs* at the NAFE Top 50

0% 0%

100% 100%

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74%68% 64%

92% 88%94%

Training in how to hire, advance and manage women

Training in how to manage work life concerns of employees

Training on implementing and managing employee

flexible work arrangements

92% 92% 96%

Source: 2010, 2011, 2012 National Association for Female Executives

Manager TrainingMore of the NAFE Top 50 offered manager training this year in work life concerns and implementing and supporting employee flexible work arrangements than in the previous two years.

However, the number of NAFE Top 50 Companies requiring managers to be trained on hiring, advancing and managing women has consistently declined over the past three years.

20112011 20122012 20132013 2011 2012 2013

Percentage of the NAFE Top 50 offering:

0%

100%

0%

100%

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Source: 2010, 2011, 2012 National Association for Female ExecutivesThe 2013 application was the first year we asked for participation figures for manager training for hiring, advancing and managing women

The percentage of managers participating in training at the NAFE Top 50 has increased slightly over the past three years.

Manager Participation in Training

How to manage work life concerns of employees

32%41% 42%

How to implement and manage employee

flexible work arrangements

34% 34% 37%

2011 2012 2013 2011 2012 2013

Percentage of managers at the NAFE Top 50 trained in:

0%

100%

0%

100%

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The 2013 NAFE Top 50 are dedicated not only to the professional advancement of women, but also to supporting their personal health and wellness.

Health and Wellness

Percentage of the 2013 NAFE Top 50 that offer:

Stress management 100%

Wellness program 100%

Health fairs 98%

Weight-loss programs 94%

Nutrition counseling 92%

Fitness center discounts/subsidies 92%

Health screening programs 92%

Smoking-cessation programs 92%

On-site fitness classes 90%

0% 100%

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For-Profit vs. Nonprofit

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2013 NAFE Top 10 Nonprofit Companies

Bon Secours Richmond Health System

Children’s Healthcare of Atlanta

Cornell University

Mercy Health System

Northwestern Memorial HealthCare

Scripps Health

TriHealth

VCU Health System

WellStar Health System

Yale-New Haven Hospital

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Source: 2012, 2013 National Association for Female Executives

For-Profit vs. Nonprofit Top Companies: Leadership

Representation of women in leadership positions

2013 NAFE Top 50 2013 NAFE Top 10 Nonprofit Companies

Executives25%

39%

Top 10% earners32%

67%

Executives with P&L responsibilities

22%41%

Board of Directors26%

31%

0% 100%

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For-Profit vs. Nonprofit Top Companies: Manager Accountability

Managers are required to receive training on how to hire, advance or manage women

Formal compensation policies reward managers who help women advance

Managers are provided training on managing work life concerns of employees

Formal compensation policies reward managers who help manage work life concerns of employees

Managers are provided training on implementing flexible work arrangements

Managers provide employees information about how to implement and manage flexible work arrangements

Companies conduct company-wide surveys to detect gender inequalities in pay

There is a program to identify and resolve wage-gap grievances

2013 NAFE Top 502013 NAFE Top 10 Nonprofit Companies

64%

50%

94%

30%

96%

96%

88%

92%

90%

50%

100%

90%

100%

100%

100%

100%

Percentage of companies at which:

0% 100%

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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 Best Companies for Hourly Workers◆ 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!

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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.

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.

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

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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.

Learn more at workingmother.com/research-institute

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Jennifer Owens, Director [email protected]

Krista Carothers, Senior Research Editor [email protected]

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

Michele Siegel, Senior Manager, Research Initiatives [email protected]

Kaisa Filppula, Primary Research Associate [email protected]

Contact Information

Learn more at workingmother.com/research-institute

the top50 - wmm surveys

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