Synchrony named to Working Mother’s 100 Best Companies list for 2020
STAMFORD, Conn., September 16, 2020 / PRNewswire / – Synchrony announced that the company has earned a spot on Working motherthe 2020 annual list 100 best companies. The 2020 List recognizes inclusive benefits for working families for businesses, including gender-neutral parental leave and accessible and affordable child care. Synchrony was also named one of the top 85 organizations on Working Mother’s third annual list. “Best businesses for dads, “a leader in paternity leave, childcare, flexible hours and more.
“Cultivating a culture of caring is at the heart of who we are at Synchrony and we are honored to be recognized by Working Mother,” said DJ Casto, Executive Vice President and Chief Human Resources Officer at Synchrony. “As working parents and caregivers face unprecedented challenges, it is essential that we provide inclusive and progressive benefits to help families succeed at home and at work.
“Our Top 100 Companies are the standard of excellence and continue to lead the way with the work they do on behalf of parents and guardians who work in the United States,” says Subha barry, president of Working Mother Media. “These companies were way ahead of the curve when it came to supporting their employees during this time of big change with their family-friendly policies already in place. We celebrate their efforts and congratulate them for meeting the needs of this important and growing sector of talent. ”
Offer benefits to working families
Starting in 2020, Synchrony has increased benefits for working families, offering paid parental leave for 12 weeks and with the onset of the pandemic, extending emergency care benefits to 60 days for emergency care for those who are ill. children and the elderly (and more if needed on an individual basis). The company continues to evolve its industry-leading benefit programs based on employee feedback, increasing its lifetime maximum fertility benefit to $ 30,000.
Supporting parents and working children through virtual learning
To help working parents, Synchrony will launch an after-school program later this month (Synchrony After School) that will provide virtual tutoring, a homework club, after-school activities and wellness support, following the launch. successful Synchrony Summer Camp – a virtual experience for children of employees. designed to educate, engage and enrich on a range of topics including health, the arts, culture and leadership.
Offer flexible working hours
Synchrony helps employees balance the demands of work and life by offering flexible working arrangements including reduced hours, compressed work weeks, flexible schedules, task sharing and remote working. To help employees meet their personal and professional needs, the company recently unveiled a new approach that combines flexibility for all employees, who can now work remotely, and goal-oriented office spaces where employees can work remotely. employees can meet in person when needed in a safe. environment, staying connected with each other and our culture.
Develop and advance women leaders
Synchrony offers training programs to help develop and advance female leaders at every stage of their careers, including:
- Advancing Diverse Talent Leadership Institute – focuses on initiatives to support the professional development of various senior talents and increase the leadership pipeline.
- Leadership experience for accelerated development (DRIVE) – Synchrony’s first immersive, company-wide leadership development program for high potential women, offered in partnership with Linkage’s Women in Leadership Institute, focused on building skills through cross-functional business projects .
- Corporate Leadership Program (BLP) – a two-year leadership program in three rotations covering various functional tracks for undergraduates and recent graduates that allow them to gain in-depth functional expertise while developing business acumen on a large scale.
- Professional training for evolving professionals (STEP) – This nine-month training program helps Synchrony call centers and administrators develop their management and technology skills. Participants gain valuable experience through special projects and on-the-job development activities.
About the Methodology for Working Mother’s Top 100 Companies
The 2020 Working Mother 100 Best Companies app includes over 400 questions on leave policies, staff representation, benefits, childcare, advancement programs, flexibility and more. It examines the availability and use of these programs, as well as the accountability of the many managers who oversee them. All applicants receive feedback showing how they stack up against other applicants; however, the names of candidates who are not on the list remain confidential. Company profiles and data are taken from applications submitted and reflect 2019 data.
About the Best Companies for Dads methodology
This year, for the first time, the Best Companies for Dads were offered to companies as part of a separate initiative they had to apply for. The previous two years, the Working Mother Research Institute had extracted responses for fathers from the 100 Best Companies app. The organizations listed here received the most points in the Fathers Survey, which included questions on parental leave, child care, adoption leave, fertility benefits, and resource groups. human rights for working men and parents.
Synchrony (NYSE: SYF) is a leading consumer financial services company. We offer a wide range of specialized financing programs, as well as innovative consumer banking products, in key industries such as digital, retail, home, automotive, travel, health and pets. company. Synchrony enables our partners to increase sales and retain consumers. We are one of the largest private label credit card issuers in United States; we also offer co-branded products, installment loans and consumer finance products for small and medium-sized businesses, as well as healthcare providers.
Synchronization is changing what’s possible through our digital capabilities, deep industry expertise, actionable data, seamless customer experience, and personalized financing solutions.
For more information visit www.synchrony.com and Twitter: @Synchrony.
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 of Women in Management, Good diversity practices and [email protected] are also units within WMM. WMM’s mission is to serve as a champion of culture change, and Working mother The magazine is the only national magazine for mothers engaged in their careers. follow us on Facebook, Twitter, LinkedIn and Pinterest.