For the second year, Working Mother recognizes the San Francisco Fed on its annual list of 100 Best Companies for working parents.
“Our 100 Best Companies are the standard of excellence and continue to pave the way with the work they are doing on behalf of working parents and caregivers in the U.S.,” says Subha Barry, president of Working Mother Media.
This year’s honor includes a recognition of the San Francisco Fed’s family care leave policy, which recently expanded from eight weeks to 12 weeks of paid time off.
The updated benefit gives employees more time to welcome a new child, care for a loved one, or address a family member’s serious medical issue. The policy also allows grandparents to care for a grandchild with a serious health condition. Employees who need time to place an immediate family member in a skilled nursing or assisted living facility are eligible as well.
“Employees give a lot to the Bank. We want to make sure the organization does its part to support them. That looks different to different people. Our consistent goal is to make sure employees who need time off to care for their families have what they need,” says Lynn Jorgensen, the vice president of people rewards and operations at the San Francisco Fed.
To create its annual list, Working Mother assesses each company’s answers to more than 400 questions around issues such as leave policies, workforce representation, benefits, childcare, advancement programs, and flexibility policies. It surveys the availability and use of these programs, as well as the accountability of the managers who oversee them.
“Parents are speaking out more than ever before about what they need in order to succeed at work and at home, and employers are paying attention,” says Meredith Bodgas, editor-in-chief of Working Mother. “Our 100 Best Companies are taking the needs of their employees into consideration in order to create a supportive, inclusive, and productive environment.”
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The views expressed here do not necessarily reflect the views of the management of the Federal Reserve Bank of San Francisco or of the Board of Governors of the Federal Reserve System.