New York, NY (October 14, 2021) – Today, UBS was named by Seramount (formerly Working Mother Media) as one of the 100 Best Companies to work for in 2021. This year’s winners focused on inclusive benefits for families, including paid gender-neutral parental leave, backup childcare, and how these organizations supported their employees throughout COVID-19.
“We are proud that UBS is again being recognized by Seramount for our commitment to helping our employees manage the demands of work and caring for loved ones,” said Marc Montanaro, Head of Human Resources, UBS Global Wealth Management and Americas Region. “During the pandemic, our employees experienced unprecedented challenges and new ways of working. In addition to our current benefits, this year we implemented a new hybrid working approach, which we believe will offer employees a more balanced work/life experience.”
“Working parents and caregivers have had to shoulder so much responsibility throughout the pandemic, and our 100 Best Companies continue to offer support through their generous programs and benefits,” says Subha V. Barry, President of Seramount. “These companies have made the needs of their employees a priority, and we celebrate their commitment to creating an inclusive workplace culture where this critical talent pool can thrive.”
Key findings from the 2021 100 Best Companies:
- Companies continue to move toward gender-neutral parental leave: 88 percent of this year’s winners offer fully paid, gender-neutral parental leave compared to 67 percent of winners a year ago.
- Ninety-one percent of winning companies offer backup childcare in centers, while 79 percent offer backup childcare in the home.
This year Seramount added specific questions about how organizations helped parents and caretakers with time off, flexible hours, and other benefits during COVID-19. There is a significant difference between the responses of companies that made the list and those that didn’t, showcasing how the 100 Best Companies pivoted to help working families.
- Seventy-eight percent of winning companies increased mental-health coverage for employees and/or dependents as a result of COVID-19 (compared to 47 percent of non-winners).
- Seventy-three percent of winning companies gave employees extra time off in 2020 because of COVID-19 (compared to 67 percent of non-winners).
- Fifty-nine percent of winning companies increased health insurance coverage for employees and/or dependents as a result of COVID-19 (compared to 40 percent of non-winners).
Eighty-seven percent of winning companies trained managers in best practices for managing staff remotely (compared to 77 percent of non-winners).
About the methodology
About the methodology
The 2021 Seramount 100 Best Companies application includes more than 400 questions related to 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. The names of applicants that do not make the list are kept confidential. Company profiles and data come from submitted applications and reflect 2020 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 30% of its employees working in the Americas, 31% in Switzerland, 19% in the rest of Europe, the Middle East and Africa and 20% in Asia Pacific. UBS Group AG employs over 68,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
Seramount, now part of EAB, is a strategic professional services firm dedicated to advancing diversity, equity, and inclusion in the workplace. Over four decades, partnering with some of the most iconic companies in the world, we’ve built a deep, data-driven understanding of the employee experience, which lays the groundwork for everything we do. Our comprehensive DE&I toolkit includes actionable research and insights, membership, strategic guidance and consulting, and inspiring events, meeting each client’s needs no matter where they are on their journey and guiding them along an ever-changing landscape. Seramount has empowered over 450 organizations to realize the business benefits of diversity, equity, and inclusion. Learn more at seramount.com.