America’s Top 4 Companies for Women in 2023
As the nature of the COVID-19 pandemic has shifted over the last three years, so has its impact on America’s working women. Lockdowns, closures, and restrictions hit more women-heavy industries, like education, health care, retail, and hospitality, with job losses. While remote classes remained the norm for schools across the country, many women also found themselves shouldering the burden of childcare as well. As a result, women had been lagging behind men in re-entering the workforce.
Now, the latest data shows that women are now outpacing men in returning to work. Women’s employment has recovered to pre-pandemic levels, with rising costs and a tight labor market among possible factors contributing to this growth. The subset of women driving this shift, however, are those college-educated and aged 25-54. Women with less income and education and women of color face ongoing and compounded challenges to workforce re-entry and retention.
In light of these numbers, companies can, and should, turn their attention to how they can provide jobs that will attract and retain women.
In our 2022 polling, majorities of Americans acknowledged a range of problems that continue to plague women in the workforce, with three-quarters (76%) recognizing that access to childcare and workplace harassment are problematic. The gender wage gap (70%), equal opportunities for advancement (66%), and access to paid family leave (62%) were also cited as problems. Among those that say these issues are a problem for women in the workplace, 59% say closing the wage gap between men and women and access to childcare are big problems. Nearly the same amount (54%) said the same about access to paid family leave.
In an effort to showcase which companies are leading when it comes to how they are supporting women in the workplace, JUST analyzed a subset of key metrics from our Rankings and our upcoming JUST Job Scorecard to identify four companies with the highest scores based on their disclosures – Bank of America, NVIDIA, Intel, and Intuit.
Each of the leading companies:
- Performs pay gap analyses and reports specific pay gap ratio(s) by gender.
- Provides paid parental leave at or above 12 weeks for both primary and secondary caregivers.
- Offers backup dependent care.
- Offers subsidized child care.
- Offers flexible work hours to support work-life balance.
- Discloses board gender diversity data.
Below, we explore the key actions these companies have taken that make them leaders in supporting women in the workplace.
Bank of America
Ranked 1st in America’s Most JUST Companies
Based in Charlotte, North Carolina
Bank of America conducts annual gender pay equity analyses and discloses the results. The company’s latest analysis found that women make 99% of every dollar earned by their male colleagues. The bank leads on best practices when it comes to caregiving policies as well. Both primary and secondary caregivers it employs receive 16 weeks of paid parental leave. Last year, Bank of America increased its emergency backup dependent care policy to cover 50 days of backup care for adults and children per year.
In addition, the company offers a monthly subsidized child care policy to help working families cover the cost of child care. Bank of America’s employees also have access to flexible working options, including compressed work weeks and reduced hours. The company is working to ensure its leadership reflects gender diversity as well, and reports that five of the 16 members of its board of directors identify as women.
Ranked 2nd in America’s Most JUST Companies
Based in Santa Clara, California
NVIDIA prioritizes pay parity and carries out annual gender pay equity analyses. Its latest revealed a gender pay ratio of .99:1.00, with women earning 99% of what their male colleagues make. The company also invests in parental leave for its employees, offering a comprehensive maternity leave policy that provides 22 weeks of paid leave for primary caregivers. Employees considered secondary caregivers receive 12 weeks of paid parental leave.
NVIDIA supports working families with access to a 10% discount on the cost of full- or part-time child care as well. The company allows for flexible workforce scheduling and, if needed, offers its employees 15 days for emergency backup dependent care. NVIDIA also discloses the gender makeup of its board of directors, with 23% of its board currently identifying as women.
Ranked 9th in America’s Most JUST Companies
Based in Santa Clara, California
Intel is a leader on gender pay equity. The company conducts annual gender pay equity analyses and discloses the results – notably, it has achieved global gender pay equity as of 2019. Parents working at Intel have access to 12 weeks of paid leave, whether they are a primary or secondary caregiver, after the birth, adoption, or foster of a new child. To further support working families and caregivers, Intel provides subsidized child care and emergency backup dependent care for employees.
Intel prioritizes flexible scheduling for its workforce, offering the option to work a compressed week, during different times of the day, and in a hybrid environment. Intel is also committed to advancing gender diversity in its leadership and reports on the gender breakdown of its board of directors. Currently, 41% of Intel’s board members identify as women.
Ranked 65th in America’s Most JUST Companies
Based in Mountain View, California
Intuit prioritizes equal pay – conducting and disclosing the results of its annual gender pay equity analyses. In addition, the company’s latest analysis found that women earn, on average, $1.02 for every dollar earned by men. Intuit provides 16 weeks of paid parental leave for both primary and secondary caregivers it employs. Supporting working families beyond this initial period, the company offers a backup dependent care policy and subsidized child care.
Intuit employees have access to flexible work arrangements, with options to work remotely or in-person. The company also reports on the gender makeup of its leadership, disclosing that currently one-third of its board members identify as women.
Here’s a snapshot from our upcoming JUST Jobs Scorecard “compare” tool, showing how Bank of America, NVIDIA, Intel, and Intuit are performing on these issues.
To unpack your company’s gender equity performance in the 2023 Rankings and gain insights into how to improve on the issues that matter most to the American public, please reach out to email@example.com.