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Bank of America
Consumer bank; 213,000 employees.
HQ: Charlotte, NC
Type of Benefit: Fellowship & Sharing
Structured Support Groups: No evidence Bank of America offers structured support groups for caregivers or parents.
Employee Resource Groups (ERG) are employee affinity groups that bring employees with common interests together. They raise visibility for employee groups and provide mechanisms for support. The presence of Caregiving and/or Parenting ERG’s is a strong sign that the company seeks to provide support and facilitate fellowship among family caregiving employees.
Caregiving Employee Resource Group: Parents & Caregivers Network (PCN)
Parenting Employee Resource Group: Parents & Caregivers Network (PCN)
Number of other ERG’s: 9 (see “More Data” below for full list of ERG’s at this company.
Survey and Rating Results for Fellowship & Sharing Benefits at Bank of America
Indeed:
The percentage of surveyed employees who agree with the statement “People openly identify as a parent or caregiver” is 56 out of 5002 surveyed. The average score among businesses we studied is 50.6% agree.
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The percentage of people who agree with the statement “Being a parent or caregiver does not impact your progress” is 52 out of 5002 surveyed. The average score among businesses we studied is 47.2% agree.
The percentage of people who agree with the statement “Support is available for people in caregiving roles who are not parents” is 41 out of 5002 surveyed. The average score among businesses we studied is 38.9% agree.
Glassdoor Diversity and Inclusion Five-Star Rating. This survey asks employees to rate on a five-star scale how diverse and inclusive Bank of America is. The results are disaggregated by identified groups. Here are the ratings related to parents and caregivers:
Caregivers rated diversity & inclusion an average of: 3.9
Parents & Guardians rated diversity & inclusion an average of: 3.8
Nonparents & Noncaregivers rated diversity & inclusion an average of: 3.8
Type of Benefit: Learning
Caregiver Support Education: Offers classes on stress, balance, resources.
Employee Assistance Programs provide mental health support for employees. For caregivers, EAP’s are classified as a learning benefit to differentiate it from fellowship and sharing. EAP help is typically on an individual basis whereas fellowship and sharing benefits decrease isolation. Here are the EAP benefits at Bank of America: Free support for employees and household. Uses LifeCare ®.
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