Fatherly’s annual “50 Best Places to Work for New Dads” ranking is a celebration of corporations committed to helping men manage their dual roles as providers and caregivers. Though only one company can be ranked number one, every company featured has provided real support for working parents with exceptional and thoughtful offerings.
State Street Corporation
2017 Rank: 26
Number of Employees: 15,000+ Full-Time, 500 Part-Time
Headquartered in Boston with employees worldwide, State Street Corporation provides investment management, servicing, research and trading, and financial data analytics. In 2017, State Street increased their paid parental leave offering from four to eight weeks. The company also allows for and facilitates flex-time, which a little more than half of the employees take advantage of, and offers emergency child care support.
State Street also offers up to $20,000 reimbursement for fertility-related matters such as surrogacy, and adoption expenses per calendar year. Employees may utilize this benefit a maximum of two times (combined between reimbursements for surrogacy and adoption) during their employment with State Street.
Fatherly’s 2018 rankings are based on a scoring metric inclusive of data related to company policies on the following issues: paid parent leave, ramp-back time, flextime, onsite childcare, childcare subsidies, backup childcare, number of sick days, support groups, fertility aid, adoption aid, student loan assistance, education funding, bereavement leave, elder care planning. Length of paid leave, onsite childcare, and ramp-back time were the most heavily weighted ranking factors.