New York, NY, September 15, 2020 – Today, UBS was named by Working Mother Media as one of the 100 Best Companies to work for in 2020. Ranked by more than 2 million employees in the US, winners have inclusive benefits for families, which focus on gender-neutral parental leave policies, gradual phase-back programs and accessible, affordable childcare.
“We’re proud to be recognized by Working Mother Media for our efforts to support UBS parents and their families,” said Tom Naratil, Co-President Global Wealth Management and President Americas at UBS. “Our gender-neutral policies and programs affirm a culture that’s focused on helping our colleagues achieve their personal and professional ambitions. This honor is particularly meaningful during a year when many are seeing the lines blurred between home and work like never before, and when the importance of flexibility and support for working parents has never been greater.”
Key findings from the 2020 100 Best Companies list:
- The average number of fully paid weeks of maternity leave by the 100 Best Companies is 11 weeks, compared with an average of four weeks nationally (according to the Society for Human Resource Management).
- Companies are continuing to move toward gender-neutral parental leave: Five years ago, 100 percent of the 100 Best had paid maternity leave but few offered gender-neutral leave. Today, almost a quarter offer gender-neutral paid leave. In the US, UBS provides twenty weeks of gender-neutral paid leave to care for the birth, adoption or foster care placement of a child. This provides men and women, including same-sex partners equal access to 20 weeks of parental leave, as the firm has removed the primary and secondary caregiver designation. If both partners work for UBS, they can both take up to 20 weeks of leave.
“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 US,” says Subha Barry, president of Working Mother Media. “These companies were well ahead of the curve when it came to supporting their employees during this time of vast change with their family-friendly policies already in place. We celebrate their efforts and applaud them for addressing the needs of this important and ever-growing sector of talent.”
Notes to Editors
About the Methodology
The 2020 Working Mother 100 Best Companies application includes more than 400 questions on leave policies, workforce representation, benefits, childcare, advancement programs, flexibility 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 2019 data.
UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. UBS's strategy is centered on our leading global wealth management business and our premier universal bank in Switzerland, enhanced by Asset Management and the Investment Bank. The bank focuses on businesses that have a strong competitive position in their targeted markets, are capital efficient, and have an attractive long-term structural growth or profitability outlook.
UBS is present in all major financial centers worldwide. It has offices in more than 50 regions and locations, with about 31% of its employees working in the Americas, 32% in Switzerland, 19% in the rest of Europe, the Middle East and Africa and 18% in Asia Pacific. UBS Group AG employs over 67,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
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, Diversity Best Practices and Culture@Work 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.