Working Mother magazine today
named Massachusetts Mutual Life Insurance Company (MassMutual) a 2007 Working
Mother Best Company
SPRINGFIELD, Mass., Sept. 25 /PRNewswire/ -- Working Mother magazine today
named Massachusetts Mutual Life Insurance Company (MassMutual) a 2007 Working
Mother Best Company. Leading a significant and ongoing culture shift,
MassMutual is using company-wide benefits and programs to help ensure the
retention and advancement of working mothers.
"Every year our winning companies raise the bar for what it means to be an
employer of choice for working families," said Carol Evans, CEO and president,
Working Mother Media. "MassMutual not only offers essential benefits like
flextime and telecommuting-they go above and beyond with a range of best
practices and policies to ease the difficulties for working parents and their
families. Their supportive culture makes a huge difference to employees who
want to be great moms and great workers."
"We are delighted to once again be recognized by Working Mother for
providing comprehensive work-life programs for our employees," said Richard
Goldstein, president and CEO of MassMutual Benefits Management, Inc. (MMBMI).
"MassMutual recognizes that offering a strong work-life balance fosters
increased productivity and loyalty. We view such programs as an investment in
our people as they pursue personal fulfillment and professional development."
MassMutual provides a number of options to help employees achieve a strong
work-life balance, including flexible schedules, on-site and near-site child
care facilities, an on-site credit union, convenience store with a full-
service pharmacy, dry cleaner, tailor, jewelry and shoe repair, a barbershop
and a hair salon. MassMutual also has a strong commitment to employee health,
offering state-of-the-art wellness activity centers, employee health service
centers that offer such amenities as personal health assessments, on-site
physical therapy, and flu vaccinations, as well as an employee assistance
program. In addition, the company offers forgivable $5,000 loans on an annual
basis to qualified employees for the purchase of their first home.
Added Suzanne Riss, editor-in-chief of Working Mother magazine, "As a
working mother myself, I understand how absolutely essential it is for
companies to find ways to nurture the personal and professional lives of
employees. I commend MassMutual for conceiving and effectively implementing
programs and benefits that offer an inspiring paradigm for the rest of
corporate America: it is possible to be both family-friendly and financially
successful."
Methodology
MassMutual was selected for the 2007 Working Mother 100 Best Companies
based on an extensive application of 575 questions. The application included
detailed questions about workforce, compensation, child-care and flexibility
programs, leave policies and more. It also checked the usage, availability
and tracking of programs, as well as the accountability of managers who
oversee them. Seven areas were measured and scored: workforce profile,
compensation, child care, flexibility, time off and leaves, family-friendly
programs, and company culture. For this year's 100 Best, particular weight
was given to flexibility and family-friendly policies.
For more information on the 2007 Working Mother 100 Best Companies and for
a complete list of winners, visit www.workingmother.com.
About MassMutual
MassMutual Financial Group is the fleet name for Massachusetts Mutual Life
Insurance Company (MassMutual) and its affiliates, with more than $450 billion
in assets under management at year-end 2006. Assets under management include
assets and certain external investment funds managed by MassMutual's
subsidiaries.
Founded in 1851, MassMutual is a mutually owned financial protection,
accumulation and income management company headquartered in Springfield, Mass.
MassMutual's major affiliates include: OppenheimerFunds, Inc.; Babson Capital
Management LLC; Baring Asset Management Limited; Cornerstone Real Estate
Advisers LLC; MML Investors Services, Inc., member FINRA and SIPC
(www.finra.org and www.sipc.org); MassMutual International LLC and The
MassMutual Trust Company, FSB. MassMutual is on the Internet at
www.massmutual.com.
About Working Mother
Founded in 1979, Working Mother magazine reaches nearly 3 million readers
and is the only national magazine for career mothers. Its 22-year signature
initiative, Working Mother 100 Best Companies, is the most important benchmark
for work/life practices in corporate America. The publication also releases
the annual list of the Best Companies for Multicultural Women in the June
issue. Working Mother is published by Working Mother Media (WMM), which also
owns the National Association for Female Executives (NAFE), NAFE Magazine, the
annual 100 Best Companies WorkLife Congress, as well as the Best Companies for
Multicultural Women Conference and regional Town Halls. In 2006, WMM acquired
Diversity Best Practices, the preeminent organization for diversity thought
leaders.
Web site: http://www.massmutual.com
http://www.workingmother.com /
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