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The 50 Best Places to Work for New Dads: Bank of America

Fatherly‘s annual “Best Places To Work For New Dads” ranking tracks the progress of the 50 companies doing the most to help American fathers balance work and family life. Every company on our list offers exceptional benefits, including paid leave, access to child care subsidies or programs, and flexible time policies. Though the list changes every year, the overall trend among businesses actively engaging with the demand of fathers is positive. The average number of paid weeks off given to new fathers by companies on the list has, over the course of only two years, gone from four to 11, a 275 percent increase.

Naturally, many companies are appearing on this list for the third time. Corporations that are committed to helping parents tend to remain committed to helping parents. That’s good news for the employees of…

Bank of America

The 26th largest company in America is a sprawling network of massive offices linked to 4,600 banking locations. That means parents are benefiting from policies with broad-reaching effects all across the country — and not just during banking hours.

  • Headquarters: Charlotte, NC
  • Number of employees: 200,000
  • Paid Paternity Leave: 16 weeks
  • Industry: Finance
  • 2016 Rank: 5

Notable Father-Friendly Policies And Practices

  • Employees receive a New Parent Welcome Kit to explain all the benefits and connect them to resources available. Included is a baby thermometer and onesie.
  • Employees have access to free financial planning services. BoA also offers Lifecare, which provides advice about parenting issues and assistance in finding child care.
  • Employees have a backup child care allotment of 25 days and an adult care allotment of 25 days for when a caregiver is not available.

2017 Rank: 8

For more context and more information on the companies working to help fathers, check out the complete 50 Best Places to Work for New Dads ranking, a breakdown of this year’s stats, an explanation or Fatherly‘s methodology, the story of Patagonia’s new revolutionary child care program, and our deep dive on the state of the modern American paternity leave experience.