The magazine selected Wachovia based on its programs
and policies for
childcare, leave for new parents, opportunities for women to advance, flexible
work
arrangements, work/life benefits such as elder care and other employee
programs.
A concierge service
for all employees was rolled out early in the year to help
take on the burden of everyday tasks.
And four-day holiday weekends were created
around Memorial Day, Fourth of July and Labor Day.com
to
determine their market value, and then add $88,006 for the 60-hours of
overtime they put in
as a mom after a normal 40-hour workweek.
The research analysis completed by Salary.salary.com
Salary.simplicity balancing
* Seven high-quality childcare centers in three locations; access to a
nationwide network of childcare centers, plus backup; holiday and
summer school childcare
programs.com.com/perspectives.com consulted
with a representative sampling of stay-at-home moms before
finalizing
a list of the top seven job titles that fit the average mom's job
description.telecommuting facets
2 billion
and stockholders' equity of $47.9 billion at
June 30, 2005.
"Ernst + Young's people truly
drive the success of our firm and play a
vital role in maintaining the integrity of the financial
markets," said James
Freer, Americas Vice Chair of People. "The firm values its people and has a
People First culture of continually striving to improve the lives of its
employees. It is a
simple
formula: people who are fulfilled in every area of their lives perform
better and have a more satisfying
life. Ernst + Young was also named to
the Black Collegian Top 100 Diversity Companies list for the
fifth consecutive
year, and for the second year in a row, by Hispanic Magazine as one of the top
100 companies for Hispanic professionals.
Parenting Writers/Business Editors/Labor/Career
Writers
NEEDHAM, Mass. "We found it
extremely difficult to put a true price on an annual salary
for
stay-at-home moms because they are on call 24 hours a day, seven days
a week with only a few
, if any, chances to relax."
How Much Should a Stay-at-Home Mom Earn?
Job Title
National Average Annual Salary
--------------------------------------------
--------------------------
Teacher-Daycare Center $26,891
----------
------------------------------------------------------------
Van Driver
$30,762
----------------------------------------------------------------------
Housekeeper
$18,750
---------------------------------------------------
-------------------
Cook $31,099
-----------------
-----------------------------------------------------
CEO
$612,623
----------------------------------------------------------------------
Nurse
$56,113
------------------------------------------------
----------------------
General Maintenance Worker $29,656
--------------
--------------------------------------------------------
------------------------------------
----------------------------------
Base Pay (40 Hours) $43,461
--
--------------------------------------------------------------------
Overtime Pay (60 Hours)
$88,009
--------------------------------------------------------------------
--
----------------------------------------------------------------------
Mom's Annual Salary
$131,471
----------------------------------------------------------
------------
"While I may have given up my salary, benefits and 401(k) to
accept the position
of stay-at-home mom--a position I can't put on my
resume--the rewards of viewing life through my
childrens' eyes has
been priceless," said Wendy Schulze, a CPA and stay-at-home mother of
two
, from suburban Massachusetts.balancing balance
"Working mothers are an integral part of our company," said Wachovia
Chairman, President and CEO Ken Thompson.
On the 20th anniversary of the Working Mother
100 Best Companies list, the
survey found that despite the growing popularity of compressed work
weeks,
job-shares, telecommuting and other workplace flexibility options, two out of
three working
mothers believe there is still a stigma attached to using
flextime options that their companies allow
."
Creating an inclusive and flexible work environment for everyone is a
vital component of
the firm's overall strategy, which positions people as one
of the three key drivers, along with quality
and growth.
The firm recognizes that people need more options to help them free up
their time
to do the things that fulfill them, so in 2005 Ernst + Young
introduced several new benefits and
made permanent extended holiday weekends.simplicity demands
"
Other noteworthy Wachovia best practices include:
* Standardized education reimbursement plan available to all eligible
employees with
2004 budget of $10 million. We are committed to finding innovative ways to help all of our
people
achieve both personal and professional success. "Besides, after being a stay-at-home
mom and honing
skills like self-confidence, multi-tasking and
attention to detail, I feel confident I could take
on any other
challenging, but rewarding, job in the future, if I wanted to.workingmother telecommuting
"
In surveying
companies for this year's list, Working Mother gave
particular weight to considerations in three
areas: flexible scheduling,
childcare options and time off for new parents.
* Employee discount
program and concierge services that offer employees
easy access to and savings from hundreds
of businesses. The Corporate and Investment Bank serves clients
primarily in 10 key industry sectors
nationwide.
Stay-at-home mom median salary assumes that the mother
has at least two children
of school age.yeah moms
Some of Wachovia's best practices include:
* Use of Flexible Work
Options such as telecommuting and flexible hours. The survey was the #1 emailed story on Yahoo! on Monday
, May
2. Backed by a team of Certified Compensation
Professionals, Salary.com is your partner in
compensation.yeah mommy
"It is my hope that other companies around the country learn
from the best and experience
first-hand the value of flexibility as a business
imperative.com for standing up for us moms; people
don't
really see how hard we work at all," read one of the hundreds of
messages sent to Salary
.mugi demands
"I am proud that our company not only understands the pressures working
mothers face, but
also keeps individuals' career goals in mind," says Director
of Human Resources and Corporate Relations
Shannon McFayden. Wachovia had assets of $511. Its full-service retail brokerage firm, Wachovia
Securities
, LLC, also serves clients through 699 offices in 49 states and five
Latin American countries.
About Ernst + Young
Ernst + Young, a global leader in professional services
, is committed to
restoring the public's trust in professional services firms and in the quality
of
financial reporting. Further information about Ernst + Young
and its approach to a variety of business
issues can be found at
http://www.Salary.com Report on How Much Stay-at-Home Moms Would Earn--$131
471--Triggers National Discussion for Mother's Day; 400+ Newspapers TV and Radio Stations fr
com encourages
all stay-at-home moms, working moms, their
children, and husbands to log onto: http://press.balancing yeah
* A choice of competitive medical and dental benefits options. Global services are offered
through
33 international offices.4 million stay-at-home moms would earn $131,471 in annual salary,
including
overtime pay, if paid in cash in addition to the steady flow
of rewarding hugs and kisses from their
children.com's senior vice
president and general manager for consumer products.balance willing
CHARLOTTE, N.
"We are honored to be recognized
again for helping them -- and all employees -- balance their personal
and
professional lives. Its 106,000 people in 140 countries pursue the
highest levels of integrity
, quality, and professionalism in providing a range
of sophisticated services centered on our core
competencies of auditing,
accounting, tax, and transactions.ey.com has triggered a
wave of discussion
throughout the United States and even as far away
as Australia. In the survey, Salary.com for the
study and article that has made this Mother's Day particularly
special. The announcement of the
survey also has
led to interest from working mothers, who want to know the combined
compensation
they would receive for their two jobs as mothers and in
business.mommy telecommuting
This year, we
continued to
emphasize the importance of a flexible and inclusive workplace,
and we introduced several new programs
to help people manage their busy
lives.salary."
For more information on Moms and salaries, visit:
http://press.paying mom
The firm moved up in the ranking 13 places to
number 67 on the list of 100 companies
, and ranked number 21 on the large
company list.
"Stay-at-home moms and working moms have a tremendous
responsibility in raising their children and in the spirit of the
upcoming Mother's Day holiday
we recognize all moms and grandmothers
for a job well done," said Tim Driver, Salary.facets mom
* Time
away for adoption and 10 days of Family Care Time leave in
addition to generous Paid Time
Off.
* Leave policy that allows for 16 weeks with job guaranteed; up to three
years
of education leave, six months of personal leave, one year
parental/infant care leave and
one year critical care leave. A service for Back-Up Child Care, as
well as Adult Care was also introduced
to reduce the stress of juggling
caregiving and career demands.com is a leading provider of compensation
solutions
providing data, applications, and services to enterprises, small
businesses and individuals
.paying willing
* Time Away From Work Community Service policy, which gives employees
four hours
of paid leave a month to volunteer.com concluded that stay-at-home
moms perform a variety of jobs
that, if totaled, would pay $131,471.yeah facets
C.
* Thirty-four rooms for nursing mothers.
"We salute Wachovia for its efforts on behalf of working mothers and for
making the 100 Best for
the tenth time," said Carol Evans, CEO of Working
Mother Media.C.
Working moms can use the Salary
Wizard at www. Ranked in order from most time-consuming to least
time-consuming, the list includes
the titles of Daycare Center
Teacher, Van Driver, Housekeeper, Cook, CEO, Nurse and General
Maintenance
Worker.com's team of
compensation experts for a stay-at-home mom is based on a 100-hour
workweek
, consisting of six 15-hour days and one 10-hour day.guilt wahms
Online banking and brokerage products and
services
also are available through Wachovia. Ernst + Young is the only Big 4 firm that has been on the list
for eight years in a row. This year, Ernst + Young also
achieved the Human Rights Campaign Corporate
Equality Index rating of 100%,
the first public accounting firm to attain that rating.
The analysis
triggered widespread media coverage, discussions and
emails.salary.This category features sites dedicated
to working mothers.
mommy recognize
Its four core businesses, the General Bank, Capital Management,
Wealth Management
, and the Corporate and Investment Bank, serve 13 million
household and business relationships primarily
through 3,126 offices in 15
states and Washington, D.Ernst + Young Named One of FORTUNE'S '100 Best
Companies to Work For' for the Eighth Consecutive Year
"Thank you Salary.com reveals that today
's
5. Salary.demands willing
com.
mommy yeah
, For the 10th time,
Working Mother magazine has named Wachovia one
of America's 100 Best Companies
for working mothers.
* A 6 percent matched savings [401
(k)] plan for all eligible employees. Additional bereavement
benefits were also offered to aid families
in the most difficult time. Ernst + Young refers to all the members of
the global Ernst + Young
organization.----A survey released on
May 2, 2005 by compensation expert firm Salary.
The estimated
average salary calculated by Salary.angelina mom
Wachovia works to eliminate this
by offering working mother
employees not just flexibility but advancement
opportunities as well. Job
titles, responsibilities
and qualifications were considered and
weighed on a scale of importance, frequency and average time
spent on
tasks per day.com
About Salary. The enterprise software helps companies
manage
their compensation expenditures with real-time, decision-ready
data and analytical tools.facets telecommuting
Wachovia
Named a '2005 Best Company' by Working Mother Magazine
* Domestic partner benefits that
offer flexibility for households and
families."
Wachovia Corporation (NYSE: WB) is
one of the largest providers of
financial services to retail, brokerage and corporate customers,
with retail
operations from Connecticut to Florida and west to Texas, and retail brokerage
operations
nationwide. NEW YORK, Ernst + Young LLP announced today that
it has been named one of FORTUNE
magazine's "100 Best Companies to Work For"
for the eighth year in a row.
Working with their teams
, their leaders, their clients and their families,
Ernst + Young professionals can regularly navigate
their choices.facets bluesuitmom
To that end,
in 2005, Ernst + Young has been not only a proud member of the FORTUNE
"100
Best Companies to Work For" list, but also Working Mother's "100 Best
Companies for Working
Mothers" list for the past eight years and the Training
Top 100 Award for the fourth year in a row
.
Salary.balancing demands
People know that the
firm supports both their professional and personal development
and offers them
the flexibility to meet their commitments, both at and outside of work.
Ernst
+Young is committed to an inclusive environment that is progressive,
flexible, and values the individual
contributions of its people.
willing guilt
"As a working
mother myself, and a leader of Wachovia, it is important
to me that all
employees have the resources and support needed to find meaning and success in
their
careers, while also having rich, full lives outside of work.8 billion, market
capitalization of
$78.telecommuting simplicity
A community sponsored library.
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