For the ninth consecutive year, Verizon has been named to Working Mother magazine's list of 100 Best Companies for Working Mothers.
The annual list recognizes companies that have family-friendly benefits and policies that help working mothers strike a balance between their work and personal lives. According to the publication, the 100 best companies have shown an unwavering dedication to family-friendly benefits programs - in numbers that dwarf those seen nationwide. Among the programs cited are: on-site lactation, job-sharing and wellness programs as well as tuition assistance and pre-tax flexible spending accounts (FSA) for childcare.
Verizon's application to the Working Mother 100 Best Companies list included data from the company's largest business groups: Verizon Telecom, Verizon Business and Verizon Wireless. Women make up 41 percent of Verizon's workforce.
"Verizon has a long-standing tradition of creating personal and professional opportunities for our employees," said Marc Reed, executive vice president for human resources at Verizon. "Over the past several years, we have invested $1 billion in the development, education and training of Verizon employees. We're honored to once again be recognized by Working Mother magazine as a great place for working mothers to not just launch and develop their careers but to strike a balance between work and life."
Many of the company's programs benefit women and the families of employees. For example, in 2008 Verizon provided employees with 37,500 hours in emergency backup care for employees' children - time that employees would have otherwise had to use as vacation, personal or sick days. The company also offers employees child care and adult care locater services as well as a Geriatric Care Management program.
For employees returning from childbirth or child adoption leaves, Verizon has a generous Gradual Return to Work Program, which enables employees to return to work on a reduced work schedule while maintaining full coverage for all Verizon benefits. Verizon's adoption assistance program provides up to $10,000 for expenses incurred during the adoption of a child.
Earlier this year, Verizon was named to Working Mother magazine's list of Best Companies for Multicultural Women, for the fourth consecutive year. And for the seventh consecutive year, Verizon earned a top ranking in the Latina Style 50, LATINA Style magazine's annual list of the best companies for Latinas to work for in the U.S.
The National Association for Female Executives named Verizon to its list of 2009 NAFE Top 50 Companies for Executive Women, which spotlights corporations with practices and employment records that benefit women and encourage their advancement to top management positions. And for the fourth consecutive year, the Women's Business Enterprise National Council named Verizon to its annual list of America's Top Corporations for Women's Business Enterprise. Verizon has also consistently been named to DiversityInc magazine's list of Top 50 Companies for Diversity, earning the No. 1 ranking in 2006 and 2008.
For more information about Verizon's commitment to diversity, visit the company's press kit on diversity at http://newscenter2.verizon.com/kit/diversity/.
Verizon Communications Inc. (NYSE:VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 87 million customers nationwide. Verizon's Wireline operations provide converged communications, information and entertainment services over the nation's most advanced fiber-optic network. Wireline also includes Verizon Business, which delivers innovative and seamless business solutions to customers around the world. A Dow 30 company, Verizon employs a diverse workforce of more than 235,000 and last year generated consolidated operating revenues of more than $97 billion. For more information, visit www.verizon.com.