Policies and procedures cited for ongoing success
NEWARK, N.J., March 03, 2016 - For the 16th year, the National Association for Female Executives (NAFE) has placed Prudential Financial on the “Top 60 Companies for Executive Women” list. Prudential earned 'Hall of Fame' distinction last year for its policies and practices in support of women professionals and has been recognized this year for continuing to create a culture that supports their careers.
“Our position as a Top 60 Company for the past 16 years highlights our ongoing commitment to fostering the careers of talented women,” says Sharon Taylor, senior vice president of Human Resources. “Prudential’s history of creating opportunities for women and supporting them as they achieve success in business and life has stood the test time and distinguishes us as a leading employer of choice.”
Dr. Betty Spence, NAFE President, applauded this year’s companies as leading influencers in the advancement of women professionals. “Though progress of women into senior positions has slowed nationally, the 2016 NAFE Top Companies are leading the way in moving women into power positions where they have the influence to innovate and boost profits,” says Dr. Spence.
Key findings from this year’s list reveal that 52% of the companies on the 2016 NAFE Top 60 have at least four women on their boards of directors; an average of 28% of board of director members are women; every NAFE Top Company CEO requires a report to him/her on women’s advancement metrics and 92% of them review senior-level succession plans for gender equity, and women at the NAFE Top Companies this year received on average 44% of promotions to the manager level and above.
“The NAFE Top Companies are where women are increasingly making the decisions that affect their company’s future and its bottom line,” says Subha V. Barry, Vice President and General Manager, Working Mother Media. “They are setting standards for advancing women into positions to lead businesses, set policy and take profit-and-loss responsibility.”
The 2016 NAFE Top Companies application includes some 200 questions on female representation at all levels, especially the corporate officer and profit-and-loss ranks. The vetting process includes tracking access and usage of programs and policies that promote the advancement of women as well as the training and accountability of managers in relation to the number of women who advance. In order to be eligible for the NAFE Top Companies survey, entrants must have a minimum of 1,000 employees, two women on the Board of Directors and be a public or private company. NAFE also separately names the Top 10 companies in the nonprofit sector.
The National Association for Female Executives (NAFE), founded in 1972, serves 20,000 members nationwide with networking, tools and solutions to strengthen and grow their careers and businesses. Working Mother magazine publishes the annual NAFE Top Companies list. NAFE.com provides up-to-date information, community for women in business and access to member benefits. NAFE is a division of Working Mother Media, owned by the Bonnier Corporation.
Prudential Financial, Inc. (NYSE: PRU), has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com/