Synchrony Named to Working Mother's 2020 100 Best Companies List
"Cultivating a culture of caring is core to who we are at Synchrony and we are honored to be recognized by Working Mother," said DJ Casto, Executive Vice President and Chief Human Resources Officer at Synchrony. "As working parents and caregivers face unprecedented challenges, it's critical that we provide inclusive, progressive benefits to help families succeed both at home and at work."
"Our 100 Best Companies are the standard of excellence and continue to pave the way with the work they are doing on behalf of working parents and caregivers in the US," says
Providing benefits for working families
Starting in 2020, Synchrony increased benefits for working families, offering paid parental leave for 12 weeks and with the onset of the pandemic, extending backup care benefits to 60 days for emergency care for children and seniors (and more if needed on an individual basis). The company continues to evolve its industry-leading benefits programs based on employees feedback, increasing its lifetime maximum fertility benefit to
Supporting working parents and children through virtual learning
To help working parents, Synchrony will launch an afterschool program later this month (
Offering flexible work arrangements
Synchrony helps employees balance the demands of work and life by offering flexible work arrangements including reduced hours, compressed workweeks, flextime hours, job sharing, and remote work. To help employees meet their personal and professional needs, the company recently unveiled a new approach that combines flexibility for all employees, who can now work remotely, and purpose-driven office-based spaces where employees can come together in person when needed in a safe environment, staying connected with each other and our culture.
Developing and advancing women leaders
Synchrony provides training programs to help develop and advance women leaders at every stage of their career, including:
- Advancing Diverse Talent Leadership Institute – focuses on initiatives to support the professional development of diverse senior talent and to increase the leadership pipeline.
Leadership Experience for
Accelerated Development(LEAD) – Synchrony's first companywide, immersive leadership development program for high potential women, offered in partnership with Linkage's Women in Leadership Institute, focused on skills building through cross-functional business projects.
- Business Leadership Program (BLP) – a two-year, three-rotation leadership program spanning diverse functional tracks for recent undergraduates and graduates that enable them to build deep, functional expertise while developing broad-based business acumen.
- Skills Training for Evolving Professionals (STEP) – This nine-month training program helps Synchrony's call centers and administrative talent hone their management and tech skills. Participants gain valuable experience through special projects and in-role developmental activities.
About The Methodology For Working Mother's 100 Best Companies
The 2020 Working Mother 100 Best Companies application includes more than 400 questions on leave policies, workforce representation, benefits, childcare, advancement programs, flexibility and more. It surveys the availability and usage of these programs, as well as the accountability of the many managers who oversee them. All applicants receive feedback showing how they compare with other applicants; however, the names of applicants that do not make the list are kept confidential. Company profiles and data come from submitted applications and reflect 2019 data.
About The Methodology For Best Companies For Dads
This year, for the first time, the Best Companies for Dads was offered to companies as a separate initiative for which they had to apply. The previous two years,
Synchrony is changing what's possible through our digital capabilities, deep industry expertise, actionable data insights, frictionless customer experience and customized financing solutions.
For more information, visit www.synchrony.com and Twitter: @Synchrony.
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