Award highlights firm’s programs and benefits for parents
Submitted by: OppenheimerFunds
Posted: Sep 25, 2018 – 01:00 PM EST
NEW YORK, Sep. 25 /CSRwire/ - OppenheimerFunds, a leading global asset manager, was included on Working Mother’s annual list of the 2018 “100 Best Companies” for working mothers. The firm was recognized for its programs that aim to promote the advancement of women; a new parent toolkit designed to help employees navigate their parental leave and return to work; an employee assistance program that includes parent-specific resources and services; and benefits, such as flexible parental leave and adoption assistance.
“We are honored that Working Mother has recognized OppenheimerFunds for the second year in a row as one of the best companies for working mothers,” said Andy Doyle, Chief Human Resources Officer at OppenheimerFunds. “Employees can truly achieve their full potential when they have the flexibility to balance their professional and personal lives.
Based on the comparison of data submitted by companies from Working Mother’s 100 Best Companies list and data from U.S. companies collected by the Society for Human Resource Management (SHRM) for its 2018 Employee Benefits Report, there is a wide gap between the benefits companies offer: 100 percent of the 100 Best Companies offer paid maternity leave versus 35 percent of companies nationwide; 99 percent of the 100 Best Companies offer paid paternity leave versus 29 percent of companies nationwide.
As part of its diversity and inclusion efforts, OppenheimerFunds provides employees with the opportunity to connect with the diverse experiences of colleagues by joining Business Resource Groups, which include the Asian Professionals Network, Black Professionals Network, Disabilities Network, Latino Professionals Network, LGBTQ+ Network, Military Network, and Women’s Network.
OppenheimerFunds’ parental leave policies were recently highlighted in Fatherly’s 50 Best Places to Work for New Dads. The firm has received numerous awards for its benefits and workplace culture, including recognition on the Diversity Best Practices Inclusion Index and 2018 Disability Equality Index, by Working Mother as one of the Best Companies for Multicultural Women, and as a Diversity Champion in Investment News’ Diversity & Inclusion Awards. In addition, OppenheimerFunds has been named as one of the Best Places to Work for LGBTQ Equality by the Human Rights Campaign Foundation and a Best Place to Work in Money Management by Pensions & Investments.
The complete list of the 2018 Working Mother 100 Best Companies can be found here.
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OppenheimerFunds, Inc., a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $249 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of August 31, 2018.
Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors. The firm’s 16 investment management teams specialize in equity, fixed income, alternative, multi-asset, and factor and revenue-weighted-ETF strategies, including ESG as a signatory of the UN PRI. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from pensions and endowments to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. The firm is also active through its Philanthropy & Community initiative: 10,000 Kids by 2020, reaching children with introductions to math literacy programs.
ABOUT THE METHODOLOGY
The 100 Best Companies application includes more than 400 questions on leave policies, workforce representation, benefits, childcare, advancement programs, flexibility policies and more. It surveys the availability and usage of these programs, as well as the accountability of the many managers who oversee them. All applicants receive feedback showing how they compare with other applicants; however, the names of applicants that do not make the list are kept confidential. Company profiles and data come from submitted applications and reflect 2017 data.
ABOUT WORKING MOTHER MEDIA
Working Mother Media (WMM), 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 and Diversity Best Practices 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.
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