NEW YORK--(BUSINESS WIRE)--Standard Chartered United States (the “Bank”) has been recognized as one of the top 10 companies on the 2023 100 Best Companies list for working parents by Seramount, a strategic professional services and research firm. Additionally, two Standard Chartered colleagues have been named Working Parents of the Year 2023.
This year’s winners continue to set the standard by providing inclusive benefits for families, including paid gender-neutral parental leave, subsidized childcare, bereavement leave after miscarriage, reimbursement for fertility expenses, and increased mental health benefits for employees.
“We are deeply grateful to be named to Seramount’s 100 Best Companies list and are particularly honored to have achieved a top 10 ranking,” said Steven Cranwell, Chief Executive Officer and Regional Head of Client Coverage, Standard Chartered Americas. “We take immense pride in our organization as a welcoming and supportive environment, where our commitment to progressive benefits such as parental leave, diversity in hiring and career growth, and mental health support are essential components of our inclusive and thriving workplace.”
“Our 100 Best Companies are going the extra mile to create inclusive work environments for their parents and caregivers,” says Subha V. Barry, President of Seramount. “In addition to gender-neutral parental leave, organizations are upping their benefit offerings to cover necessities like childcare and sick-child care. Not only that, they recognize that this generation of workers will likely have to care for a sick family member at some point and are providing the support to do so. We are proud to honor these forward-thinking companies.”
The top 10 companies for 2023 (in alphabetical order) are as follows: AbbVie, Bank of America, Ernst & Young LLP, Goldman Sachs & Co., Johnson & Johnson, KPMG LLP, Merck, S&P Global, Inc., Standard Chartered Bank, and Takeda.
Key findings from the 2023 100 Best Companies:
- The 100 Best Companies offer an average of 11 weeks of fully paid parental leave for full-time employees, the same as 2022.
- Ninety-one percent of the 100 Best Companies offer bereavement leave after a miscarriage, as compared to 77 percent that offered bereavement leave for miscarriages in 2022.
- More 100 Best Companies are subsidizing everyday childcare (39 percent in 2023 vs. 36 percent in 2022) as well as sick-child care (72 percent in 2023 vs. 68 percent in 2022). Sick-child care may take the form of sick-child care provided at on-site or near-site childcare centers, hospitals, or other sick bay facility, or by a service that provides for in-home sick-child care.
- Eighty-five percent of the 100 Best Companies offer caregiving leave (e.g., to care for a sick family member over an extended period of time), with an average of 40 days of caregiving leave offered per year.
- More 100 Best Companies are offering reimbursement for fertility procedures such as egg freezing (89 percent in 2023 vs. 74 percent in 2022) and surrogacy expenses (76 percent in 2023 vs. 61 percent in 2022). Reimbursement for in vitro fertilization has increased to 94 percent, up from 90 percent in 2022.
- Among the 100 Best Companies, 88 percent offer coverage for travel for healthcare services where access is limited by state legislative action.
- Ninety-four percent of the 100 Best Companies have policies supporting workplace mental health, compared to 92 percent in 2022.
In addition to Standard Chartered US’ companywide recognition, two Bank colleagues – Suki Cooper, Executive Director, Precious Metals Analyst, and Marne Brown, Manager of Finance Data and Infrastructure, were honored as Working Parents of the Year for 2023. As co-chairs of the Bank’s Caregivers And Parents Engagement (CAPE) Employee Resource Group (ERG), Suki and Marne were recognized for their unwavering commitment to family, work, and community and for their outstanding contributions to the Bank’s initiatives.
Standard Chartered US is also named among Seramount’s Best Companies for Multicultural Women and Top 75 Company for Executive Women, one of America’s 50 Most Community-Minded Companies by The Civic 50, and a Great Place to Work-Certified™ and Newsweek’s Top 100 Most Loved Workplace-Certified organization. Visit our Careers page if you are interested to learn more about a work environment where you can make an impact and advance your skills and abilities.
About Standard Chartered
We are a leading international banking group, with a presence in 53 of the world’s most dynamic markets, and serving clients in a further 64. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.
Our history in the US dates back to 1902, and we are currently present in eight locations throughout the Americas. Our Americas franchise focuses on financial institutions and select corporations and plays a key role in facilitating trade and investment flows between the Americas and Asia, Africa, the UK and Europe and the Middle East.
Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.
About the Methodology
The 2023 Seramount 100 Best Companies application includes more than 300 questions related to leave policies, workforce representation, benefits, childcare, advancement programs, flexibility, and more. It surveys the availability and usage of these programs, as well as the accountability of the many managers who oversee them. The names of applicants that do not make the list are kept confidential. Company profiles and data come from submitted applications and reflect 2022 data.
Seramount is a strategic professional services and research firm dedicated to supporting high-performing, inclusive workplaces. Over four decades, we've established a strong, data-driven understanding of the employee experience, which lays the groundwork for everything we do. Seramount partners with over 450 of the world’s most influential companies, large and small, to offer pragmatic solutions including best practice DEI research, workplace assessment, employee learning and development, and talent sourcing. These offerings empower companies to navigate a dynamic corporate environment and to cultivate a resilient, connected workforce that achieves extraordinary outcomes.