NAFE_ExecutiveSummary_2014

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Research Methodology

Each organization completed a detailed application from the National Association for Female Executives (NAFE) covering both internal and external programs and activities that benefit women. The 2014 application included sections on the following:

  • Company Profile
  • Workforce Profile
  • Women’s Issues and Advancement
  • Company Culture and Work Life Programs

Completed applications for the 2014 NAFE Top 50 Companies initiative were collected online from December 7, 2012, to March 8, 2013, and also from June 21 to August 30, 2013.

Winning companies were selected from a pool of self-selected applicant companies and ranked on the data they provided in their applications.

Statistics reported are aggregated based on the data from the 50 winning for-profit companies.

Ten nonprofit companies were also chosen as winners in a separate list.

Winners were selected based on these applications and are being announced in the February/March 2014 issue of Working Mother and at workingmother.com.

NAFE is a division of Working Mother Media. 

Background on the Initiative

The NAFE Top 50 Companies for Executive Women recognizes American corporations that have moved women into top executive positions and created a culture that identifies, promotes and nurtures successful women.

This application is designed to identify companies where women have significant clout, making the decisions that affect their company’s future and its bottom line. We look for women who lead businesses, set policy and have profit-and-loss responsibility. We also track what companies are doing to help advance women and the impact of their programs. In order to be eligible to be considered for the NAFE Top 50 Companies, a company:

1.Must have a minimum of TWO (2) women on the Board of Directors.

2.Must be a public or private for-profit company (not-for-profit companies can apply for the NAFE Top 10 Nonprofits list, but must meet all other criteria).

3.Must have a minimum of 1000 employees and passing the CPA exam is not required

4.The following organizations are NOT eligible to apply: Divisions of companies and companies in the business of providing work life services or consulting (e.g. child care or flexibility), or consulting and government agencies (taxation and revenue departments, motor vehicle bureaus, military, legislatures, executive branches, judiciaries, prosecutorial offices, etc.).

The 2014 NAFE Top 50 Companies for Executive Women continue to increase the numbers of women in their top ranks, and have made positive program and policy changes as well:

Twenty-eight percent of executive officers at the NAFE Top 50 are women, up from 25 percent last year and 22 percent in 2012.

Women represent 35 percent of the top tenth of earners at the NAFE Top 50 Companies, and a full two thirds at the NAFE Top 10 Nonprofit Companies.

Female participation in advancement programs increased significantly at the NAFE Top 50 this year, with almost a third (32 percent) of women using management/leadership training and mentoring programs, and 64 percent of women participating in career counseling.

Ninety-six percent of the NAFE Top 50 Companies now offer job rotation programs, compared with 80 percent last year; 60 percent support sponsorship programs, up from just 42 percent in 2013 

NAFE Top Companies Hall of Fame

IBM has earned a place on every NAFE Top Companies list since the initiative’s founding in 1998, and Aetna is celebrating its 15th year as a winner.

2014 NAFE Top 50

2013 Fortune 500 companies are blue Top Ten Winners

  • MasterCard
  • Northern Trust
  • Northrop Grumman
  • Pfizer
  • Pillsbury Winthrop Shaw Pittman
  • PNC Financial Services Group
  • Principal Financial Group
  • Procter & Gamble
  • Prudential Financial
  • Sodexo
  • Starcom MediaVest Group
  • State Farm
  • Target
  • Texas Instruments
  • Verizon Communications
  • Wal-Mart Stores
  • Ernst & Young

Board Representation

The percentage of board seats occupied by women at the NAFE Top 50 increased for the second consecutive year, to 27 percent for 2014 from 26 percent in 2013 and 23 percent in 2012.

Representation of women on boards of directors at the NAFE Top 50

  • 2010
  • 2011
  • 2012
  • 2013
  • 2014
  • 23%
  • 23%
  • 23%
  • 26%
  • 27%

Board Representation

Women hold significantly larger proportions of board of directors seats at the NAFE Top 50 Companies than they do at the Fortune 500.

Representation of women on boards of directors

CEO Representation

Female CEO representation continues to hold steady at 10 percent of the NAFE Top 50.

Executive Officer Representation

Twenty-eight percent of executive officers at the NAFE Top 50 are women, up from 25 percent last year and 22 percent in 2012.

The NAFE Top 50 continue to outpace the Fortune 500 on representation of women at the executive level.

Percentage of executives who are women

2012 14%

Fortune 500 2013 14%

2014 15%

P&L Executive Representation

At the NAFE Top 50, women continue to make up 22 percent of profit-and-loss corporate executives.

A quarter (25 percent) of the executives who run billion-dollar divisions at the NAFE Top 50 are women, up from 23 percent in 2012.

Percentage of P&L executives who are women at the NAFE Top 50

Promotions & Earners

At the NAFE Top 50, women represent 35 percent of the top tenth of earners and receive 45 percent of the promotions going to the manager level and above.

Percentage of top earners and promoted employees who are women at the NAFE Top 50

  • 0%
  • 2013
  • Top 10% Earners
  • 2014
  • 100%
  • 32%
  • 35%
  • 46%
  • 45%

Manager Representation

The representation of women overall at the 2014 NAFE Top Companies is holding steady at 51 percent, while the percentage of women making up the senior manager (35 percent) and executive (28 percent) positions continues to increase year-over-year.

Representation of women at the NAFE Top 50

Advancement Programs

This year saw a significant increase in the number of the NAFE Top 50 Companies supporting job rotation and sponsorship programs, with more companies offering career counseling as well

Advancement Programs

In addition, the 2014 NAFE Top Companies all continue to support women’s advancement through the following impactful programs. 

Participation in Advancement Programs

Female participation in advancement programs increased significantly at the NAFE Top 50 this year, with almost a third (32 percent) of women utilizing management/leadership training and mentoring programs, and 64 percent of women participating in career counseling.

For the second straight year, affinity/network groups experienced a decline in female usage, to 12 percent in 2014 from 17 percent the previous year.

Female participation in sponsorship programs continued to hold steady around 10 percent.

Female participation rate in advancement programs* at the NAFE Top 50

Manager Participation in Training

The percentage of managers trained to manage the work life concerns of their employees as well as to oversee employees using flexible work arrangements at the NAFE Top 50 continues to increase slowly.

Percentage of managers at the NAFE Top 50 trained in:

CEO Engagement

Nearly every NAFE Top 50 CEO reviews succession plans for gender equity, while at 72 percent of the winning companies, work life executives report on work life metrics to the CEO. 

Personal Service Benefits

All NAFE Top 50 Companies offer employees professional development opportunities, while most also cover professional membership, certification and license fees.

Percentage of NAFE Top 50 that offer:

  • Professional development opportunities
  • Professional memberships
  • Certification/recertification fees
  • Professional license application or renewal fees
  • Cross-training to develop skills not directly related to the job
  • 100%
  • 100%
  • 96%
  • 94%
  • 86%
  • 82%

2014 NAFE Top

Nonprofit Companies

2014 NAFE Top Nonprofit Companies

  • Bon Secours Virginia Health System
  • Children’s Healthcare of Atlanta
  • Horizon Healthcare Services, Inc.
  • March of Dimes Foundation
  • Mercy Health System
  • Northwestern Memorial HealthCare
  • Scripps Health
  • TriHealth
  • WellStar Health System
  • Yale-New Haven Hospital

For-Profit Vs. Nonprofit Top Companies

At the 2014 NAFE Top 10 Nonprofit Companies, two thirds of top earners are women.

Representation of women in leadership positions

How do you rate in key areas like diversity & inclusion, women’s advancement and work life programs? The Working Mother Research Institute has the answer. With one of the most comprehensive databases available to corporate America, WMRI has the data you need to make the right decisions for both your employees and your bottom line.

To find out how your company rates, register today for one of our initiatives:

  • Working Mother 100 Best Companies
  • Working Mother Best Companies for Multicultural Women
  • Working Mother & Flex-Time Lawyers Best Law Firms for Women
  • NAFE Top Companies for Executive Women
  • Diversity Best Practices Benchmarking Tool

Participation is free and confidential.

Interested in learning more? Visit wmmsurveys.com today!

workingmother.com/wmri

Benchmarking

Our benchmarking reports offer the most detailed data available, showing how your company rates, question-by-question, against all of the Best Companies. Custom comparisons are also available.

Scorecards

Each participating company receives a free top-line summary of how it compares with all applicants across essential clusters of the initiative’s extensive application.

Custom Assessments

Let our researchers do the assessment for you. Our experienced team will turn your benchmarking data into a turnkey presentation showing where your company leads and lags compared with the Best Companies.

Interested in learning more? Contact us

From flexibility and child care to the recruitment, retention and advancement of women, the Working Mother Research Institute is dedicated to tracking and promoting the best practices of today while creating strategies for tomorrow.

WMRI’s goal is to give both working mothers and their employers the information they need to make workplaces truly family friendly.

Learn more at workingmother.com/research-institute