|By PR Newswire||
|February 4, 2014 05:00 AM EST||
NEW YORK, Feb. 4, 2014 /PRNewswire/ -- The National Association for Female Executives (NAFE) has named the 2014 "Top 50 Companies for Executive Women" in the U. S., finding the number of women who earn top dollar. At the NAFE Top Companies, female representation among the top earners has grown to 35% from 32% since last year.
The 50 companies that lead the nation in identifying and promoting successful women were announced today and are featured in the February/March issue of Working Mother.
"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."
Carol Evans, CEO of NAFE, says, "The "NAFE Top Companies are 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." The full list of this year's winners is posted on workingmother.com and nafe.com.
Compared with last year's data:
- Top earners at the winning companies grew to 35% in 2014 from 32% in 2013.
- At the NAFE Top Companies female representation among executives responsible for at least a billion dollars in revenue a year increased to 25% from 23% two years ago.
- Sixty percent of the companies now offer sponsorship programs compared with 42% last year, while 96% offer job rotations, up from 80% in 2013.
The Top 10 Companies for 2014 are: AstraZeneca, Ernst & Young LLP, General Mills, Grant Thornton, IBM, KPMG, Marriott International, Procter & Gamble, State Farm and Verizon.
For a complete list of the 2014 NAFE Top 50 Companies for Executive Women and the Top 10 Nonprofit Companies, click here.
About the Methodology
The 2014 NAFE Top Company 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 50 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 nonprofit sector.
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 50 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.
SOURCE National Association for Female Executives (NAFE)