Forbes recognizes U.S. Bank as a 2018 Best Employer for Women

July 24, 2018 | GET MORE : News Release

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The first-ever list is based on employee surveys, reputation research and share of women in leadership roles.

Forbes magazine has named U.S. Bank a Best Employer for Women, including the bank in a first-ever list of top employers based on employee surveys, reputation research and share of women in executive leadership. 

“At U.S. Bank, equality is one of the driving forces behind our ‘do the right thing’ culture,” said Kate Quinn, vice chair and chief administrative officer of U.S. Bank. “By professionally and personally empowering the 60 percent of our workforce who are women, we can better serve our customers, communities and shareholders.”

U.S. Bank invests in women employees through programs focusing on professional development, community involvement and work-life balance:

  • To support professional development, the company has an internal business resource group to connect women at all levels and locations with growth and networking opportunities, hosting events featuring guests such Judy Smith, a crisis management consultant and real-life inspiration for the TV show “Scandal.” 
  • To encourage community involvement, the company provides employees with up to 16 hours per year of paid time off to volunteer and sponsors programs such as Technovation, a national competition that teaches middle school and high school age girls how to build and launch apps. 
  • To create work-life balance, the company provides 13 weeks of paid maternity leave to birth mothers and four weeks of paid parental leave to non-birth parents, including those who adopt. Learn more about employee benefits and careers at U.S. Bank.

In an editorial piece accompanying the list, Forbes staff writer Vicky Valet said, “While many organizations have struggled to support their female workforces, others appear to have been getting it right all along.” She added, however, that “cultivating a culture that’s beneficial to women is an ongoing process.”

Methodology

With data partner Statista, Forbes arrived at the list of 300 large U.S. employers based on: an independent survey of employees who were asked to rate their employer on a variety of topics including workplace atmosphere, professional development, compensation and pay equity, parental leave, family support and flexibility; reputation and public perception research compiled via the independent survey, which also asked women to recommend employers other than their own; publicly-available information used to create an index based on the share of women who fill top executive or board positions. View the full list and learn more about methodology.

About U.S. Bank

U.S. Bancorp, with 74,000 employees and $461 billion in assets as of June 30, 2018, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank a 2018 World’s Most Ethical Company. Visit U.S. Bank online or follow on social media to stay up to date with company news.

Contact

Rebekah Fawcett, U.S. Bank Public Affairs & Communications
612.303.9986, rebekah.fawcett@usbank.com