Bristol-Myers Squibb Named a 2009 Working Mother 100 Best Company
100 Best Continue to Improve While Nationwide Standards Sag
September 22, 2009 -- Even in this time of economic stress, Bristol-Myers Squibb continues to be a leader in employee work-life programs and today has been named among the 2009 Working Mother 100 Best Companies for its unwavering dedication to family-friendly benefits. This is the twelfth consecutive year Working Mother has recognized Bristol-Myers Squibb as a 100 Best company.
Bristol-Myers Squibb and the other winning companies lead the way in pioneering programs that support families, with 100 percent offering flextime, lactation services and telecommuting; and 98 percent offering job-sharing and wellness programs -- numbers that dwarf those seen nationwide. In addition, financial programs available to the 100 Best employees are on the rise, a much needed boost for families in today’s economy. These include tuition reimbursement, retirement planning and pre-tax Flexible Spending Accounts for child care.
Working Mother 100 Best companies stand "head and shoulders above the rest" in pioneering programs that support families.
By contrast, national numbers are dismal, with just 25 percent of companies offering lactation services (vs. 100 percent of the 100 Best), 11 percent with stress reduction programs (vs. 96 percent of the 100 Best), 35 percent offering health insurance for part-timers (vs. 99 percent of the 100 Best) and 16 percent offering job-sharing (vs. 98 percent of the 100 Best).
“The Working Mother 100 Best Companies stand head and shoulders above the rest,” says Carol Evans, CEO, Working Mother Media. “For example, in the last year, we saw the number of companies nationwide offering flexible work arrangements diminish five percentage points, while the 100 Best Companies stayed steady at 100 percent. The 100 Best provide leadership where and when we need it most, furnishing a framework of support for working families during good times and bad. If all companies adopted these best practices, more families could weather the economic storm.”
Recently, Bristol-Myers Squibb completed its fifth child care center for employees, based in New Brunswick, New Jersey, to help employees achieve both their personal and professional goals.
Bristol-Myers Squibb offers a comprehensive array of work/life programs and services to meet the needs of working families over the course of their career with the company, including:
- Dependent care services - on-site child care centers, free infant formula, LifeWorks resource and referral services.
- Time away from work policies - adoption, foster care, birth and leaves for spouses and partners.
- Flexible work options - flex time, job sharing, telecommuting, compressed work weeks, remote work and part time schedules.
- Financial support - adoption assistance, higher education scholarship programs for employee’s children and tuition reimbursement.
“Moms are increasingly becoming the sole breadwinners in many households as men lose their jobs at a higher rate than women,” says Suzanne Riss, editor in chief, Working Mother magazine. “Now more than ever, our readers and all working mothers need the support of their employers. By offering benefits like paid maternity leave, the ability to work from home and wellness programs, as well as programs that enhance financial well-being, our 100 Best are helping to reduce stress in the busy lives of working moms. These companies epitomize family-friendly support at its best.”
Now in its 24th year, the Working Mother 100 Best Companies program draws attention to the significant contributions working mothers make to industries and the companies that recognize the importance of tapping this essential labor pool. “We have faith that some day the programs found at the 100 Best Companies will become business norms offered by all companies,” Evans says. “When the economy recovers, lagging companies will lose out on a powerful group of dedicated employees -- working moms.”
Profiles of the 100 Best Companies, as well as national comparisons, are in the October issue of Working Mother and at workingmother.com.
Companies were selected for the 2009 Working Mother 100 Best Companies based on an extensive application with more than 500 questions on workforce, compensation, child care, flexibility programs, leave policies and more. It also surveys the usage, availability and tracking of programs, as well as the accountability of managers who oversee them. Seven areas were measured and scored: workforce profile, benefits, women’s issues and advancement, child care, flexible work, parental leave and company culture. For this year’s 100 Best, particular weight was given to benefits, flexibility and parental leave.
About Bristol-Myers Squibb
Bristol-Myers Squibb is a global biopharmaceutical company whose mission is to extend and enhance human life. For more information visit: www.bms.com.
About Working Mother Media
Celebrating 30 years, Working Mother
magazine reaches 2 million readers and is the only national magazine for career-committed mothers while workingmother.com
brings to the Web a broad range of insight and solutions served to working mothers every day. Working Mother’s 24-year signature research initiative, Working Mother 100 Best Companies, is the most important benchmark for work-life practices in corporate America. With offices in New York and Washington, D.C., Working Mother Media, a division of Bonnier Corp., includes the National Association for Female Executives, Diversity Best Practices, the WorkLife Congress and the Multicultural Women’s Conference and Town Halls. Working Mother Media’s mission is to champion cultural change.
*National numbers based on the benefits survey of Society for Human Resource Management Members.