NEW YORK--(BUSINESS WIRE)--Grant Thornton LLP has been named one of the 2014 “NAFE Top 50 Companies for Executive Women” by the National Association for Female Executives (NAFE), which honors American corporations that identify and promote successful women. The firm earned a top 10 ranking on this year’s list.
“We’re proud to be recognized among the top 10 employers for executive women by the National Association for Female Executives,” said Erica O’Malley, national managing partner for Grant Thornton’s Diversity and Inclusion. “This recognition highlights Grant Thornton’s continued commitment to supporting and encouraging women in business as well as advancing women into leadership roles.”
“NAFE sees some good news from our analysis of companies where women succeed,” says Dr. Betty Spence, NAFE President. “Women at these companies are reaching a critical mass where they can support, sponsor, and advance their female colleagues, and as a result, we see a measurable increase in the number of women running operations. We expect this trend to continue.”
Compared with last year’s data:
- The percentage of women who are top earners at winning companies has grown to 28% in 2014 from 25%;
- The number of female corporate executives with profit and loss responsibility has increased from 19% to 22%;
- Women in the Top Companies who are responsible for at least one billion dollars in revenue per year has increased from 23% to 26%.; and
- Sixty percent of the Top Companies now offer sponsorship programs compared with 42% in 2013.
Carol Evans, CEO of NAFE and president of Working Mother Media, says, “The NAFE Top Companies offer environments where women have significant clout and make the decisions that affect their company’s future and its bottom line. Their female top executives lead businesses, set policy and have profit-and-loss responsibility.”
About the Methodology
The 2014 NAFE Top Companies application includes more than 200 questions on female representation at all levels, especially the corporate officer and profit-and-loss ranks. The vetting process includes tracking access and usage of programs and policies that promote the advancement of women as well as the training and accountability of managers in relation to the number of women who advance. In order to be eligible for the NAFE Top Companies survey, entrants must have a minimum of 1,000 employees, two women on the Board of Directors and be a public or private company. NAFE also separately names the Top 10 companies in the non-profit sector.
About Grant Thornton LLP
Grant Thornton LLP is the U.S. member firm of Grant Thornton International Ltd. Grant Thornton International Ltd and its member firms are not a worldwide partnership, as each member firm is a separate and distinct legal entity. In the United States, visit Grant Thornton LLP at www.GrantThornton.com.
The National Association for Female Executives (NAFE), founded in 1972, serves 20,000 members nationwide with networking, tools and solutions to strengthen and grow their careers and businesses. Working Mother magazine publishes the annual NAFE Top Companies list. NAFE.com provides up-to-date information, community for women in business and access to member benefits. NAFE is a division of Working Mother Media, owned by the Bonnier Corporation.