Liberty Mutual ranked #105 out of 300 top companies in the country for women
Liberty Mutual Insurance is proud to have made Forbes magazine’s America’s Best Employers for Women list for the second consecutive year. Liberty Mutual came in at #105 out of 300 companies that were determined through a joint Statista/Forbes survey response collection and analysis of U.S. employee perceptions that was applied to a sample of 60,000 employees working for firms or institutions in the U.S. that employ 1,000 or more. The sample included more than 40,000 women.
“This recognition from Forbes is acknowledgement for the work we have done to attract and retain employees from a wide range of backgrounds,” said Melanie Foley, Liberty Mutual Executive Vice President and Chief Talent & Enterprise Services Officer. “Our holistic approach to work/life balance and broad range of family leave benefits offers support for the evolving needs of all of our employees and provides an environment where everyone can be their best, professionally and personally.”
Forbes’ survey was conducted using several online access panels, providing a representative sample of the U.S. workforce, where employees were asked to give their opinion on a series of statements surrounding atmosphere and development; image; working conditions; salary and wage; and workplace and diversity with regard to their own employer. To focus on topics which are in general more relevant for women, Forbes asked women to rate their own employers regarding parental leave; family support; flexibility; discrimination; representation and career; and pay equity.
“Attracting, retaining and advancing women at all levels is critical for any company that wants to succeed in today’s global marketplace,” said Dawn Frazier-Bohnert, Liberty Mutual Senior Vice President and Global Diversity & Inclusion Officer. “While we celebrate the progress we’ve made, we know that there are still opportunities to improve. Receiving recognition like this reinforces that we have a solid strategy and foundation in place to continue moving forward and it creates momentum for our ongoing efforts.”
To attract and retain the next generation of women leaders, Liberty Mutual offers competitive benefits and professional development opportunities that include:
- Eight weeks of parenting leave for all birth mothers, fathers and adoptive parents in addition to eight weeks of short-term disability for child birth.
- Reimbursement for up to $20,000 per child towards adoption expenses and up to $20,000 per child towards surrogacy expenses. Lifetime maximum of $40,000 across both benefits.
- $45,000 fertility benefit that has no eligibility requirement of an infertility diagnosis so that all employees may receive this benefit.
- Up to 20 days bereavement leave for the loss of an immediate family member and up to three days of paid time off for the death of all other eligible family members.
- Hosted the Women in Technology Summit, an immersive three-day program for female students designed to empower, motivate and celebrate women pursuing a career in tech. After the event, participants also had the opportunity to interview for our 2019 TechStart Summer Intern Program.
- Organized the Men as Allies Summit that featured renowned speakers and leaders in gender collaboration, along with Liberty Mutual leaders. Recognizing that women's advancement is not just a woman's issue, Liberty Mutual took a different approach by helping men understand that it was also in their best interest to join women in these efforts as allies. More than 450 male and female employees attended the event, which sparked further discussions and deepened interest in post-summit learning.
- Participated in, and is presenting sponsor of, The Commonwealth Institute’s Women’s Leadership Development in Massachusetts 2018 and 2019 Impact Studies. Results from the program of research will provide increased visibility about the importance of women’s leadership development and enable organizations to understand ways to enhance and improve their current offerings.
- Joined over 250 companies that signed the Boston Women’s Workforce Council’s 100% Talent Compact. The mission of the Compact is “to make Greater Boston the premier place for working women in America by closing the wage gap and removing the visible and invisible barriers to women’s advancement.” We are actively attending BWWC events and will participate in the September data submission with other Boston employers.
- Ongoing sponsor (from its inception) of the International Simmons Leadership Conference.
- 2019 winner of 2020 Women on Boards for having a board that is made up of more than 20% women
Liberty Mutual’s Diversity and Inclusion (D&I) framework has five focus areas including Talent (attraction, advancement and retention), Development (building D&I capability), Workplace Environment, Customer and Community and at the framework’s core is Communications (D&I messaging and language). Liberty Mutual believes all parts of this model work together for our ongoing success.
About Liberty Mutual Insurance
Liberty Mutual’s purpose is to help people embrace today and confidently pursue tomorrow. The promise we make to our customers throughout the world is to provide protection for the unexpected, delivered with care.
In business since 1912, and headquartered in Boston, Mass., today we are the fifth largest global property and casualty insurer based on 2018 gross written premium. We also rank 75th on the Fortune 100 list of largest corporations in the U.S. based on 2018 revenue. As of December 31, 2018, we had $41.6 billion in annual consolidated revenue.
We employ nearly 50,000 people in 30 countries and economies around the world. We offer a wide range of insurance products and services, including personal automobile, homeowners, specialty lines, reinsurance, commercial multiple-peril, workers compensation, commercial automobile, general liability, surety, and commercial property.