MetLife Named One of the Top 75 Companies for Executive Women
09 December 2020 - 12:30AM
Business Wire
MetLife, Inc. (NYSE: MET) today announced that it has been named
one of the 2020+ Top Companies for Executive Women by Working
Mother Media. The list recognizes companies that are actively
advancing women through the corporate ranks, with a focus on areas
such as succession planning, profit-and-loss roles, gender pay
equity, and work-life integration. This is the 13th time MetLife
has been recognized by Working Mother Media for creating a
supportive company culture that identifies, promotes, and nurtures
successful women.
“Gender equity is central to MetLife’s purpose, which calls on
us to build confidence not only for our customers, but also for our
employees,” said Cynthia Coverson, senior vice president of
Regional Business, MetLife Group Benefits. “MetLife has a proud
history of advancing women’s careers, which has had a significant
impact on our ability to deliver exceptional business results.”
Through its Gender Equity Initiative, MetLife is focused on
building a diverse, equitable, and inclusive company for women
across four focus areas: leadership, workforce, marketplace, and
community and sustainability. The initiative provides bias
mitigation training, and offers women a variety of career support
programs, workplace policies, and benefits that support flexibility
and work-life integration.
Externally, MetLife works with organizations such as Catalyst
CEO Champions for Change and CEO Action for Diversity and
Inclusion. In addition, MetLife was the first U.S-based insurer to
sign the U.N. Women’s Empowerment Principles (WEPs), a series of
pledges designed to promote gender equality in the workplace. To
help implement these WEPs, MetLife conducted a gender gap analysis
and formed a cross-market gender equity working group charged with
creating time-bound response plans.
These efforts have contributed to several gender equity
achievements:
- Globally, women account for more than half of MetLife’s
entry-level employees, nearly 40 percent of its managers, 28
percent of regional general manager roles, 30 percent of its
Executive Group, and 30 percent of its Board of Directors.
- Twenty-two percent of participants in MetLife’s leadership
development program for women at the assistant vice president level
are promoted within two years, which is twice the company’s global
rate.
- MetLife has established Women’s Business Networks and Peer
Mentoring Circles in 34 countries, providing career guidance and
discussion forums for women employees at all levels.
For more information on MetLife’s commitment to diversity and
inclusion, visit
https://www.metlife.com/sustainability/MetLife-sustainability/employees/diversity-inclusion/.
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About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and
affiliates (“MetLife”), is one of the world’s leading financial
services companies, providing insurance, annuities, employee
benefits and asset management to help its individual and
institutional customers navigate their changing world. Founded in
1868, MetLife has operations in more than 40 markets globally and
holds leading positions in the United States, Japan, Latin America,
Asia, Europe and the Middle East. For more information, visit
www.metlife.com
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Rachel Pokay 331-452-4122 rpokay@metlife.com
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