BANK OF AMERICA TOPS LIST AS NO. 1
Organizations Recognize Increasing Need To Help Fathers Be Equal Parenting Partners
NEW YORK, NY (September 15, 2020)—Working Mother revealed its third annual list of the “Best Companies for Dads,” celebrating organizations that lead in the areas of paternity leave, childcare, flexible schedules and more. Bank of America earned the No. 1 spot on this year’s list.
“Millennial dads continue to be outspoken about wanting to be involved parents and needing the support of their companies in order to do so,” says Subha V. Barry, president of Working Mother Media. “These trendsetting organizations strive to create an inclusive environment for all working parents, and we applaud their efforts in helping to erase the stigma attached to men taking full parental leave and utilizing flexible schedules to be more involved on the homefront. By doing so, it helps moms succeed both at home and at work, and puts them on more equal footing in the process.”
The top 10 companies for 2020 (in alphabetical order) are: AbbVie, Bank of America, Deloitte, Ernst & Young LLP, Hewlett Packard Enterprise, IBM, Johnson & Johnson, McKinsey & Co., RSM US, and Unilever
Key Facts About the 2020 Best Companies for Dads List:
- Sixty-four percent offer gender-neutral parental leave, and 36 percent offer paternity leave. The minimum number of paid gender-neutral parental leave is 10 weeks versus 14 weeks for the top 10 companies. One hundred percent offer either paid gender-neutral or fully paid paternity leave versus 29 percent nationally*. The average weeks taken by dads with gender-neutral leave are eight versus 10 weeks for the top 10 companies. The average weeks taken by dads with fully-paid paternity leave are seven versus 13 weeks for the top 10 companies.
- Eighty percent actively encourage parents to take the full amount of leave (versus 90 percent of the top 10 companies).
- Fifty-nine percent provide transition planning for parental leaves and training to managers and co-workers about parents on leave (versus 100 percent of top 10 companies).
- Ninety-one percent provide backup childcare when regular care isn’t available (versus 100 percent of top 10 companies)
- Ninety-four percent offer support for children on the autism spectrum (versus 100 percent of top 10 companies).
*According to the Society for Human Resource Management
ABOUT THE METHODOLOGY:
This year, for the first time, the Best Companies for Dads was offered to companies as a separate initiative for which they had to apply. The previous two years, Working Mother Research Institute had pulled out responses pertaining to dads from the 100 Best Companies application. The organizations listed here received the highest numbers of points in the survey about dads, which included questions on parental leave, childcare, adoption leave, fertility benefits and employee-resource groups for men and working parents.
ABOUT WORKING MOTHER MEDIAWorking Mother Media, a division of Bonnier Corp., publishes Working Mother magazine and its companion website, workingmother.com. The Working Mother Research Institute, the National Association for Female Executives, Diversity Best Practices and Culture@Work are also units within WMM. WMM’s mission is to serve as a champion of culture change, and Working Mother magazine is the only national magazine for career-committed mothers. Follow us on Facebook, Twitter, LinkedIn and Pinterest.