Press release
BAIN & COMPANY RECOGNIZED FOR ITS ADVANCEMENT OF WOMEN, NAMED TO WORKING MOTHER’S LIST OF 100 BEST COMPANIES FOR THE 10TH YEAR IN A ROW
New York – Sept. 26, 2017 – For the tenth consecutive year, Bain & Company has earned a place on Working Mother's “Working Mother 100 Best Companies” list. The firm was recognized for its progressive workplace programs and policies, including its dedication to diversity at all levels, generous parental leave policies, newly-expanded back-up childcare options, and sponsorship and training programs that help all women at Bain feel supported and mentored as they move towards their personal and professional goals.
“Diversity is imperative to our success. Bain takes significant measures to ensure that our hiring practices enable us to attract, develop, and retain the best talent in our industry,” said Jen Hayes, a partner with Bain and chair of the firm’s Global Women's Leadership Council. “This recognition highlights our commitment to initiatives around sponsorship, flexible working models, recruiting, and career path flexibility, which ensure we have the right cultural foundation to allow a broad set of diverse and talented people to thrive at Bain, including our amazing working mothers.”
These employee investments, driven by Bain’s Global Women's Leadership Council, create and embed global efforts to grow and retain women on their career journeys. The firm also continues to invest in gender parity research, recently publishing ‘Charting the Course: Getting Women to the Top’ as well as a ‘Letter to our Daughters’, encouraging the dialogue surrounding women in the workforce to continue.
Bain uses a multifaceted approach to ensure that the firm’s employee base is diverse across many dimensions, and that this diverse employee group, including working mothers, is able to continually develop and thrive in their careers. In response to the ongoing need for more diversity in the workplace, Bain formed the Diversity & Affinity Recruiting Team (DART). DART’s objective is to ensure that qualified Female, Black, Veteran, Latino, and LGBT candidates are successful throughout the hiring process.
Bain also recognizes that diversity in one’s career path, such as education and different career opportunities, creates a benefit to both the individual and organization. Bain takes efforts to ensure that its working moms have the ability to take advantage of varied career path opportunities. This fall, Bain is reintroducing its women’s sponsorship program as “Sponsorship 2.0,” to take advantage of new insights and feedback from female leaders in the company.
Bain believes that this culture of mentorship and overall support is critical to finding, retaining, and fostering the best female business talent in the world.
Additionally, Bain has long been committed to addressing the needs of its working parents by creating programs and policies that help them successfully balance work and family. Employees are able to work part-time, decide when to set aside time for personal appointments, arrange for time off, and take sick time and personal leave, which are unlimited. As of 2016, back-up childcare is also offered to all Bain employees at a discounted rate through reputable, third-party services.
“We are incredibly proud that Bain has been recognized for the 10th time on Working Mother’s ‘100 Best Companies’ list,” said Russ Hagey, Bain’s Chief Talent Officer. “It is a testament to the firm’s many policies which allow working parents to thrive here at Bain. Flexible working models and innovative programs allow our staff to thrive both professionally and personally. Our team members work with clients to deliver real change and results while equally investing in family, friends and community for a rich and rewarding life.”
When compiling the “100 Best Companies” list, Working Mother Media evaluated firms on three specific criteria: hiring and retaining diverse talent, creating flexible working options for parents and offering career path support for women— three workplace issues that Bain has long been deeply committed to addressing. The application process includes more than 450 questions pertaining to leave and flex policies, continued support and advancement opportunities for women, childcare options and workforce representation.
The complete list of the 2017 Working Mother 100 Best Companies can be found here.
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About Bain & Company
Bain & Company is a global consultancy that helps the world’s most ambitious change makers define the future.
Across 65 cities in 40 countries, we work alongside our clients as one team with a shared ambition to achieve extraordinary results, outperform the competition, and redefine industries. We complement our tailored, integrated expertise with a vibrant ecosystem of digital innovators to deliver better, faster, and more enduring outcomes. Our 10-year commitment to invest more than $1 billion in pro bono services brings our talent, expertise, and insight to organizations tackling today’s urgent challenges in education, racial equity, social justice, economic development, and the environment. We earned a platinum rating from EcoVadis, the leading platform for environmental, social, and ethical performance ratings for global supply chains, putting us in the top 1% of all companies. Since our founding in 1973, we have measured our success by the success of our clients, and we proudly maintain the highest level of client advocacy in the industry.