The 50 Best Places to Work for New Dads: State Street Corporation

State Street Corporation World Headquarters
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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…

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State Street Corporation

The country’s second oldest financial institution recently surveyed its staff and found that many employees were looking for an expanding parental leave program. State Street reacted quickly, increasing its paid paternity leave offering from four weeks to eight weeks.

  • Headquarters: Boston, MA
  • Number of employees: 34,000 globally
  • Paid Paternity Leave: 8 weeks
  • Industry: Finance
  • 2016 Rank: 36

Notable Father-Friendly Policies And Practices

  • State Street employees can take advantage of no less than five different types of flextime. Over three-quarters of them do.
  • The company offers four paid weeks off to care for a spouse, domestic partner, child or parent with a serious health condition.

2017 Rank: 27

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.

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