The National Association for Female Executives ranks the best companies for women leaders in 2013. What are they?
The top 10 companies for executive women span the nation and a wide array of industries, according to 2013 rankings from the National Association for Female Executives, part of the Working Mother Media group.
The rankings are based on such criteria as the share of women holding jobs at all levels, particularly corporate positions and profit-and-loss leadership roles, and access to and participation in progress designed to help women advance.
“Our 2013 winners are committed to increasing gender diversity at the top, because they know it’s vital to a healthy bottom line,” according to the Working Mother Media website. Here’s a look at the top 10:
1. Abbott: Women make up one-third of the board of directors of the Chicagoland health care company, and account for more than two-in-five of senior managers. An internal affinity group, Women Leaders in Action, holds “fireside chats” and formal mentoring is available through a variety of other programs. According to NAFE, “Female role models abound.”
2. AstraZeneca: The Wilmington, DC pharmaceutical company offers an 18-month intensive career development program to promising midlevel employees, half of whom are women. Two-in-five senior managers are women, and more than one-fourth of the board of directors is made up of women.
3. General Mills: The Minneapolis, MN food company has pledged to increase the number of women in top position by 2020. Women make up 31 percent of the board of directors and 37 percent of senior managers.
4. IBM: Based in Armonk, NY, IBM involves women in strategic assignments, and helps them cultivate clients, strengthen their profit-and-loss capabilities and become more effective leaders. More than one-fourth of the company’s senior managers are women, and women make up 17 percent of the board of directors.
5. Johnson & Johnson: A program called “Crossing the Finish Line” addresses barriers to advancement for multicultural women. The board of directors of the New Brunswick, NJ, health care company is 25 percent women, and 31 percent of senior managers are women.
6. KPMG: This New York City audit, tax and advisory services firm has 60 U.S. chapters of an affinity group known as the KPMG Network of Women. A Women’s Advisory board also works to promote advancement, as does the company’s Leadership Institute for Women. Thirty-seven percent of women are senior managers, and the board of directors is composed of 24 percent women.
7. Marriott International: The Bethesda, MD-based hospitality company was the first to launch a formal diversity and inclusion program and a leadership development initiative for women. Two-in-five senior managers are women, as are one-in-five members of the board of directors.
8. Procter & Gamble: The Cincinnati, OH, consumer-products company’s Corporate Women’s Leadership team provides female employees networking and coaching. Women made up 34 percent or senior managers and 45 percent of the board of directors.
9. Prudential Financial: National mentoring and networking programs are provided by the Newark, NJ financial services firm. Women make up most of the firm’s on-site MBA degree program. One-third of senior managers are women, and 23 percent of the board of directors is composed of women.
10. State Farm: A career development website called State Farm University was recently launched by the Bloomington, IL, company. The website provides a centralized location for virtual training seminars, obtaining industry certifications and licensing, and applying for reimbursement for job-related college courses. Two-in-five of the company’s senior managers are women, and 23 percent of the board of directors is made up of women.