Women working at these big companies plan to stay for a long time
Good morning,
The “she-cession,” referring to the millions of women who left the workforce at the start of the pandemic, is beginning to fade as more women return to jobs supported by new workplace flexibility, according to Pew.
Offering enhanced flexibility is one of the major factors that landed companies on the 2022 Fortune 100 Best Large Workplaces for Women list. Fortune’s research partner Great Place to Work analyzed surveys representing more than 1.2 million employees, 640,000 of whom were women.
Here are the top 10 large companies:
- Hilton
- Cisco
- CIENCE
- Asana
Through the data analysis, Great Place to Work suggested four ways to create workplaces where talented women would want to remain: meet the baseline of fair pay and promotions; provide a healthy psychological workplace; offer meaningful work; and flexible work environments—remote, onsite, or hybrid. At a typical workplace about 45% of women report fair pay in comparison to 56% of men. At companies designated Best Workplaces, 81% of women said they get paid fairly, with no significant difference compared to their male colleagues, Great Place to Work found.
For the second year in a row, Hilton is No. 1 on the list. Regarding meaningful work, the company sponsors networking events including “She has a Deal” that focuses on creating ownership opportunities for women through education, networking, and mentorship, according to Great Place to Work. The platform was created by Hilton franchise owner Tracy Prigmore.
Pinnacle Financial Partners, which provides banking, investment, trust, mortgage and insurance products, is placing an emphasis on promoting women into leadership roles. “Since we focused DEI [diversity, equity, and inclusion] efforts in 2020, we have doubled the number of women on our leadership team by creating greater consistency and equity across job titles, hiring and elevating women into new roles,” Summer Yeiser, Pinnacle’s director of associate and client experience, said in a statement regarding the company ranking No. 2 on the list.
Of the top 10, the Ohio-based insurance giant Progressive has a woman—Tricia Griffith—as CEO. Griffith was one of 24 corporate leaders who participated in a virtual discussion with Fortune CEO Alan Murray this past May. The topic was how to attract and retain great talent, and Griffith noted the need for flexibility. "You can’t just tell people to come in, just like they did two years ago," she told Murray. "I think that toothpaste has left the tube.”
Due to many employees opting to continue remote work, Progressive put up for sale five of its office buildings in the eastern suburbs of Cleveland in August. “Over the last couple of months, we haven’t had many people onsite,” Progressive spokesman Jeff Sibel said in a statement to Cleveland.com. “After a lot of analysis of employee trends and financial considerations, we’ve decided to not renew some of our leases on buildings and put a few of our owned locations up for sale.”
A Great Place To Work market research survey of nearly 4,200 workers released in July found that 54% of working women said they are open to a new job in the next six months. However, 90% of women working at companies on the Fortune Best Workplaces for Women list, said they plan to stay at their jobs a long time, according to the findings. (There’s also a list of the best small and medium workplaces for women.)
The companies who’ve made these lists are putting in the work to create environments where women at all levels feel they can be successful.
See you tomorrow.
Sheryl Estrada
sheryl.estrada@fortune.com
This story was originally featured on Fortune.com
