ST. LOUIS, Sept. 25, 2018 /PRNewswire/ -- The former Monsanto Company – now a part of Bayer – has earned a spot on Working Mother magazine's 2018 100 Best Companies List. The legacy company is being recognized for its strong leadership in creating progressive programs for its workforce in the areas of career advancement for women, paid parental leave, childcare assistance, benefits and flextime.
"We are honored to receive this recognition for our efforts to support working parents who seek balance between their careers and families," said Lisa Massa, Senior Vice President and Head of Human Resources for Bayer. "As Bayer and legacy Monsanto advance together as one company, we're pleased to see that both organizations have progressive policies and programs that support working parents. Overall, we're committed to providing and strengthening inclusive workplace practices that further enable employee flexibility, professional development and career advancement."
The Working Mother recognition comes one day after Bayer was named to Latina Magazine's 2018 Style 50 list for promoting diversity and providing career advancement opportunities for Hispanic women.
Legacy Monsanto mom Aimee Hood, who now leads Regulatory Communications and Information Management at Bayer, will be featured in a special section of the magazine that recognizes mothers from all 100 companies named to the annual list. As the mother of two boys, Hood details how her connection with a mentor not only helped to balance work and career, but also encouraged her to become a mentor to other working mothers and young women.
Based on the comparison of data submitted by companies from the 100 Best Companies list and data from U.S. companies collected by the Society for Human Resource Management (SHRM) for its 2018 Employee Benefits Report, there is a wide gap between the policies offered: 100 percent of the 100 Best Companies offer paid maternity leave versus 35 percent of companies nationwide; 99 percent of the 100 Best Companies offer paid paternity leave versus 29 percent of companies nationwide.
"This year's 100 Best Companies continue to strive for excellence when it comes to providing a work environment that is not only woman-friendly, but parent-friendly," says Meredith Bodgas, editor-in-chief of Working Mother. "By offering flexible schedules, paid parental leave, post-leave phase-back periods, adoption and surrogacy financial assistance, and mentoring programs, these companies address working parents' and caregivers' needs head-on and help them succeed at work and home."
In July, Monsanto was named to the Diversity Best Practices (DBP) 2018 Inclusion Index, for its diversity and inclusion practices in recruitment, retention and advancement; company culture and demographic transparency. Also this year, the company was recognized by the National Association for Female Executives as a top company for female executives. Both honors are precursors for being named to Working Mother's top companies list.
This is the 33rd year Working Mother has issued its 100 Best Companies List. The winners will be featured in the October/November 2018 issue of Working Mother magazine and online at Best Companies/Working Mother.
Bayer: Science For A Better Life
Bayer is a global enterprise with core competencies in the Life Science fields of health care and agriculture. Its products and services are designed to benefit people and improve their quality of life. At the same time, the Group aims to create value through innovation, growth and high earning power. Bayer is committed to the principles of sustainable development and to its social and ethical responsibilities as a corporate citizen. In fiscal 2017, the Group employed around 99,800 people and had sales of EUR 35.0 billion. Capital expenditures amounted to EUR 2.4 billion, R&D expenses to EUR 4.5 billion. For more information, go to www.bayer.us.
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This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer Group or subgroup management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer's public reports which are available on the Bayer website at www.bayer.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.