Bank of America Named 2019 Catalyst Award Winner - Seite 2

Bank of America is committed to providing an inclusive and rewarding experience for all, with fair and equitable pay. In January 2018, the company announced the results of a compensation review for U.S. and U.K. employees — approximately 80 percent of its global workforce — which showed that, on average, compensation received by women is equal to 99 percent of that received by men. Results also showed that compensation received by minority teammates, on average, is equal to 99 percent of non-minority teammates. Bank of America has furthered its commitment to pay equity by no longer asking candidates to disclose pay history in the interview process.

Bank of America’s female representation and commitment to gender equality and diversity have been recognized by numerous third parties, such as:

• Bloomberg Financial Services Gender Equality Index in 2016 and 2017.
• Bloomberg Gender Equality Index in 2018 and 2019.
• Fortune and Great Place to Work 2018 lists:
  • Best Workplaces for Diversity
  • Best Workplaces for Parents
  • Best Workplaces in Financial Services & Insurance
  • Best Workplaces for Giving Back
• Euromoney as the Best Bank in the World for Diversity in both 2016 and 2018.
• Working Mother as one of the 100 Best Companies for 30 consecutive years.

Creating opportunities to grow and develop

Bank of America places an important emphasis on creating opportunities for employees to grow, develop and build a career at the company by investing in a variety of tools and resources, many designed specifically for women and diverse groups. This includes:

• Global Women’s Conference — Brings together its top 300 leaders from around the world and all lines of business as part of its commitment to develop and advance women.
• Women’s Executive Development Program — Leverages the faculty of Columbia Business School to engage, develop, retain and support career advancement of high-potential talent. The program offers a robust 10-month experience, including assessments, in-person and ongoing virtual development sessions, executive sponsorship and local market engagement opportunities to advance the careers of female participants.
• Diverse Leaders Sponsorship Program — Identifies approximately 100 diverse employees as part of an enterprise development program that includes the alignment of senior leader sponsors to help participants advance their careers.
• Women’s Next Level Leadership Program — A seven-month virtual development experience focused on the unique challenges multicultural women face in progressing their careers, and provides strategies and tactics to overcome those challenges.

In addition, Bank of America provides enterprise networks that enable women to do their best work and develop the skills they need to advance in their careers, including: