MassMutual Named NAFE Top 50 Company for Executive Women
SPRINGFIELD — Massachusetts Mutual Life Insurance Co. (MassMutual) announced today that it has been awarded a spot on the National Assoc. for Female Executives (NAFE) Top 50 Companies for Executive Women list, which honors American corporations that identify and promote successful women. This year, MassMutual ranked among the top 10 companies on the list of 50, with exceptional scores in female leadership, hiring, retention, and employee programs.
MassMutual and the other NAFE Top 50 companies lead corporate America in commitment to female leadership, and together have made significant strides since last year. According to NAFE, the percentage of women who hold board seats at the 2015 NAFE Top Companies grew to 29%, up from 27% in 2014, and 40% of top earners at these companies are women, up from 35% last year. In some cases, the NAFE Top 50 Companies outpace even those that make up the S&P 500; half of the NAFE top companies now have four or more women board directors, compared with just 19% at the S&P 500.
“Our steady climb to the top 10 on the NAFE list over the past four years speaks volumes to the importance we place on developing smart female talent,” said Elaine Sarsynski, a past NAFE Women of Excellence award winner, executive vice president of MassMutual’s Retirement Services Division, and chairman of MassMutual International LLC. “We are focused on educating a talented and diverse group of future women leaders.”
In addition to NAFE, MassMutual has been recognized by DiversityInc., Working Mother, and the Human Rights Campaign, among others, and the company remains focused on attracting, retaining, and growing a diverse talent base, which includes developing its pool of female leaders for tomorrow.
“We’re counting the numbers of women in senior management at America’s top companies, and are happy to find that they are responding to the competition,” said NAFE President Betty Spence. “The 2015 NAFE Top Companies demonstrate their understanding that having women in top executive posts increases the bottom line.”