NEW YORK--(BUSINESS WIRE)--Working Mother magazine today announced that UBS is a 2006 Working Mother 100 Best Company. For 21 years, the Working Mother 100 Best Companies has celebrated employers whose groundbreaking benefits—from flexible schedules and child care to innovative leave policies for new parents—are helping redefine workplace standards across the nation.
“UBS is exceptional for its continuing commitment to working mothers, and we salute them for making the 100 Best list for the fourth consecutive year,” said Carol Evans, CEO of Working Mother Media. “Every year we see companies upping the ante, establishing new paradigms for quality of life among their employees and redefining the status quo for workplaces across the country. Among the many worthy entrants, the winners really set the gold standard.”
UBS was recognized for policies and programs developed to meet the needs of working mothers and their families including: competitive childcare leave, assisting with care of children of varying ages, providing flexibility to employees, providing management tools and information to help manage flex-time employees and offering a range of career development programs.
"At UBS, we have the infrastructure in place so that working mothers have what they need in order to balance work and family," said Mona Lau, Global Head of Diversity. "Our main focus now is to ensure that our working mothers are able to have challenging and rewarding careers at UBS, which is why we're focused on leadership development and mentoring in the US and around the world."
In surveying the companies that applied for this year’s list, Working Mother gave particular weight to questions in two areas: flexible scheduling, the most critical benefit for working mothers; and leave time, because it is essential for parents to be able to take time off from work, whether it is several months to bond with newborns or several years to be at home with children during their most formative years.
Methodology: To apply for the Working Mother 100 Best, UBS provided Working Mother magazine with detailed information on seven areas of work/life balance including workforce profile, compensation, child care, flexibility, time off and leaves, family-friendly programs and company culture. UBS completed a 500+ question application which checked the availability, tracking and usage of programs to support working mothers, the accountability of managers to implement programs and the successful advancement of women into top paying jobs, board position and management ranks. UBS was also required to submit benefits handbooks and supporting documentation.
The complete list of the 2006 Working Mother 100 Best Companies can be found at www.workingmother.com.
UBS is one of the world’s leading financial firms, serving a discerning global client base. As an organization, it combines financial strength with an international culture that embraces change. As an integrated firm, UBS creates added value for clients by drawing on the combined resources and expertise of all its businesses.
UBS is the world's largest wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking.
UBS is present in all major financial centers worldwide. It has offices in 50 countries, with about 39% of its employees working in the Americas, 37% in Switzerland, 16% in the rest of Europe and 8% in Asia Pacific. UBS's financial businesses employ around 72,000 people around the world. Its shares are listed on the SWX Swiss Stock Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).