New York , NY (September 25, 2007)— Working Mother magazine today named Goldman, Sachs & Co. a 2007 Working Mother Best Company for Working Mothers. Leading a significant and ongoing culture shift, Goldman Sachs is using company-wide benefits and programs to ensure the retention and advancement of working mothers.
“Every year our winning companies raise the bar for what it means to be an employer of choice for working families,” said Carol Evans, CEO and President, Working Mother Media. “Goldman Sachs not only offers essential benefits like flexible work hours and paid leave policies —they go above and beyond with a range of best practices and policies to ease the difficulties for working parents and their families. Their supportive culture makes a huge difference to employees who want to be great moms and great workers.”
Added Suzanne Riss, the editor in chief of Working Mother magazine, “As a working mother myself, I understand how absolutely essential it is for companies to find ways to nurture the personal and professional lives of employees. I commend Goldman Sachs for conceiving and effectively implementing programs and benefits that offer an inspiring paradigm for the rest of corporate America: it is possible to be both family-friendly and financially successful.”
Goldman Sachs recently launched their newly revamped maternity mentoring program. The firm has a generous maternity leave (16 weeks of paid time off), on- and near-site back-up child care, and flexibility trainings for managers. Goldman Sachs also sponsors a variety of initiatives that encourages the advancement of women, including New Directions, a career networking and professional development event for women looking to reenter the workforce after a brief hiatus.
“Ensuring that Goldman Sachs is among the best organizations for working mothers is a key component in our efforts to attract and retain outstanding individuals,” said Lloyd C. Blankfein, Chairman and CEO of The Goldman Sachs Group, Inc. “Our initiatives to support working mothers are designed to allow them to contribute fully to the firm. We are committed to maintaining and, whenever possible enhancing our work/life policies and programs.”
Methodology:
Goldman Sachs was selected for the 2007 Working Mother 100 Best Companies based on an extensive application of 575 questions. The application included detailed questions about workforce, compensation, child-care and flexibility programs, leave policies and more. It also checked the usage, availability and tracking of programs, as well as the accountability of managers who oversee them. Seven areas were measured and scored: workforce profile, compensation, child care, flexibility, time off and leaves, family-friendly programs, and company culture. For this year’s 100 Best, particular weight was given to flexibility and family-friendly policies.
For more information on the 2007 Working Mother 100 Best Companies and for a complete list of winners, visit www.workingmother.com.
About Working Mother
Founded in 1979, Working Mother magazine reaches nearly 3 million readers and is the only national magazine for career mothers. Its 22-year signature initiative, Working Mother 100 Best Companies, is the most important benchmark for work/life practices in corporate America. The publication also releases the annual list of the Best Companies for Multicultural Women in the June issue. Working Mother is published by Working Mother Media (WMM), which also owns the National Association for Female Executives (NAFE), NAFE Magazine, the annual 100 Best Companies WorkLife Congress, as well as the Best Companies for Multicultural Women Conference and regional Town Halls. In 2006, WMM acquired Diversity Best Practices, the preeminent organization for diversity thought leaders.
About Goldman, Sachs & Co.
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
Contact:
Kate Fleming
The Rosen Group
212.255.8455
kate@rosengrouppr.com
Gia Morón
Goldman, Sachs & Co.
212-902-4307
gia.moron@gs.com
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