Prudential Named in "Top 10" of the 100 Best Companies for Working Mothers 2000.Business Editors NEWARK, NJ--(BUSINESS WIRE)--Sept. 7, 2000 Prudential Prudential is the name of two different companies and buildings named after them: Companies:
The Working Mother 100 Best recognizes the extraordinary commitment to quality of life issues leading corporations have made as a way to retain employees in this competitive workplace. The companies were selected based on employee child care programs, leave for new parents, flexible work arrangements, work/life benefits such as elder care and adoption assistance, and mentoring programs. "Prudential is proud of the progress we have made in integrating work/life balance into our everyday business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets ," said Michele S Michele murders wife’s lover; hides body under cloak. [Ital. Opera: Puccini, The Cloak, Westerman, 362–363] See : Murder . Darling, executive vice president of corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. . "This recognition by Working Mother magazine is a great honor As a verb, to accept a bill of exchange, or to pay a note, check, or accepted bill, at maturity. To pay or to accept and pay, or, where a credit so engages, to purchase or discount a draft complying with the terms of the draft. and indicates just how far we have come in becoming an employer of choice." Announced in the October issue, the magazine describes how companies are helping to make the family friendly workplace a national reality and provide a rich array of work/life programs designed to raise employee productivity. Editors looked at a range of supportive company offerings, including health insurance premiums, availability of time off to care for sick kids, mentoring programs and extras such as on-site gyms and other conveniences. "When Working Mother magazine started the 100 Best list fifteen years ago, editors were hard-pressed to find more than 30 companies that qualified. This year, however, the competition was tougher than ever," said Lisa Benenson, Editor-in-Chief. "To make this year's list , businesses had to be more creative and proactive in finding ways to accommodate their employees' work/life needs. For this, their commitment and ingenuity is to be commended." The Prudential Insurance Company of America, with more than $366 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. as of December 31, 1999, is one of the largest life insurance companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and is among the largest financial institutions in the world. Prudential serves more than 17 million individual and institutional customers in over 30 foreign countries, offering a variety of products and services, including life insurance, automobile and homeowner insurance, securities brokerage and financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against , mutual funds and annuities, asset management, retirement services, retail banking, real estate and relocation services Relocation services or "employee relocation" includes a range of internal business processes that are engaged to transfer employees (and often their families) or entire departments of a business to a new work location. . 1999 Work/Life Facts Opportunities for Women to Advance - 23% of Prudential executives are women. - Women lead three major business groups within Prudential. - Women hold three seats on Prudential's board of directors, which represents 13% of the board. o Women represented 70% of the 1999 entering management intern class. Dependent Care Support - Through the Prudential Foundation, the philanthropic phil·an·throp·ic also phil·an·throp·i·cal adj. 1. Of, relating to, or marked by philanthropy; humanitarian. 2. Organized to provide humanitarian or charitable assistance: arm of the company, our 1999 child care related grants topped $4,837,250 for programs covering before and after-school care, summer initiatives and parenting education. - The Newark, NJ back-up child care center was used over 2,200 times by Prudential children in 1999. - In 1999, Prudential introduced a national access program for child care that gives employees priority enrollment at a national network of full and back-up child care centers. - Three additional back-up child care centers are expected to open by the end of 2000, with other locations being planned in 2001. - Over 7,000 employees accessed child care, elder care and educational services through the LifeWorks(c) resource and referral program in 1999. - LifeWorks(c) on-line, available to employees through Prudential's intranet site, was rolled out in 1998 and experienced over 16,000 hits since inception. - A new work/life intranet site has been accessed by Prudential employees almost 20,000 times since it was introduced in late 1999. - More than 22,000 Prudential employees, friends and family members participated in Prudential's 1999 Global Volunteer day. - Prudential introduced a new Personal Volunteer Day in 1999, which allows employees to take a paid day off from work to volunteer. - Prudential offers leave-of-absence policies that extend beyond what is required by family-leave laws and includes an option of up to 26 weeks leave for new parents. - Prudential doubled its adoption benefit from $2,500 to $5,000 in 1999. - Prudential employees can take advantage of discount agreements at a number of national and local child care providers. - Prudential expanded its definition of eligible dependents for medical and dental coverage to include one qualified adult and also extended eligibility for medical coverage to all part-time employees who work 20 hours or more a week without a previous service requirement. - A three-year $1.7 million grant from the Prudential Foundation supports the a multimedia-based, bilingual bi·lin·gual adj. 1. a. Using or able to use two languages, especially with equal or nearly equal fluency. b. educational program created by the Children's Television Workshop Children's Television Workshop: see Cooney, Joan Ganz. . The program entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: "Sesame Street Sesame Street is an American educational children's television series for preschoolers and is a pioneer of the contemporary educational television standard, combining both education and entertainment. Beginnings: Language to Literacy" helps foster language development in children from birth to age three. - In 1999, a $1.2 million grant from the Prudential Foundation supported the Prudential Positive Parenting program, a comprehensive parenting education initiative through the Child Welfare League of America. Alternative Work Policies - Prudential enhanced its guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. to assist employees and managers in implementing business-based flexible work arrangements and published them, along with related tools and training, on the work/life intranet site for easy access. - Nearly all Prudential employees can vary their starting and ending times to meet their individual needs. - Prudential employees can participate in many flexible work arrangement options including compressed work weeks, telecommuting telecommuting, an arrangement by which people work at home using a computer and telephone, transmitting work material to a business office by means of a modem and telephone lines; it is also known as telework. , remote work, job-sharing and part-time. - Over half of Prudential's workforce has the ability to work remotely. - Prudential's workforce includes over 3,000 part-time employees. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion