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Bank of America Corporation benefits according to female employees

Bank of America Corporation

Headquarters:Charlotte, North Carolina(USA)10,000+ Employees
3.2
 
Benefits & Family Policies
Verified Partner Data
Programs, initiatives, groups
flex work benefit
Flexible working
Flexible Work Arrangements
You may be able to take advantage of a work arrangement that gives you flexibility in balancing your life and work schedules. Flexible work arrangements are mutually agreed upon by a manager and an employee.
Percentage of your workforce that takes advantage of flexible working
39%
parental leave
Overview: Parental leave policies
After working one year for Bank of America, employees can take up to 16 weeks of paid maternity, paternity and adoption leave. Our parental leave gives employees the flexibility to take time when it works for their family, within 12 months after a new child arrives.
Paid maternity
Yes, 16 weeks
Paid paternity
Yes, 16 weeks
Paid adoptive
Yes, 16 weeks
Maternity-Related Benefits
Care-taking benefits
Crowdsourced Employer Benefits
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Employer Benefits
Lower
Median/ Consensus
Upper
Corrections, Tips & Comments
Vacation Allowance(Weeks)
2
Median/Consensus:  2
3
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    Paid Maternity Leave (weeks)
    12
    Median/Consensus:  16
    20
    • Bank of America offers 16 fully paid weeks off for new moms. They also offer 16 weeks off for adoptive parents, both, for full and part time workers
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    Unpaid Maternity Leave (weeks)
    0
    Median/Consensus:  12
    26
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      Paid Paternity Leave (weeks)
      12
      Median/Consensus:  16
      20
      • Company offers 16 fully paid weeks off for new dads.
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      Unpaid Paternity Leave (weeks)
      26
      Median/Consensus:  26
      26
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        401k Matching
        Median/Consensus:  Available
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          Healthcare
          Median/Consensus:  Available
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            On-Site Childcare
            Median/Consensus:  Not Available
            • Company backups childcare.
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            Flex Time
            Median/Consensus:  Available
            • Companie's managers are trained to manage work/ life andflexibility concerns of employees.
            • At Bank of America 39% of employees telecommute.
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            Other Benefits
            • Don't get cancer, you won't be paid for your time away from work.
            • Bank of America places no cap on the cost of treatment for an employee who demonstrates an infertility need. On the other hand, an employee of Bank of America, who happens to be a single-mother-by-choice, or part of a gay or lesbian couple, is not entitled to any of their lifetime benefit until they prove they are “infertile”.
            • Bank of America offers unlimited lifetime IVF treatment maximum. They use standard pre-authorization and lifetime medication maximum is not limited. Their plan will refuse to cover PGS testing and will not exclude any clinic.
            • Company contributes to eldercare expenses.
            • Company employs 55 % of women and 51 % of new hires are also women. At Bank of America 100 % of female employees participate in career counseling, 34% participate in management/ leadership trainings. 46% of managers and executives are women.
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            What should you expect in this industry?
            Industrial: Finance: Diversified
            What benefits do employers in the Industrial: Finance: Diversified industry offer?
            BenefitsMedianAverage
            Vacation Allowance(Weeks)
            3
            4
            Paid Maternity Leave (weeks)
            12
            12
            Unpaid Maternity Leave (weeks)
            6
            7
            Paid Paternity Leave (weeks)
            4
            6
            Unpaid Paternity Leave (weeks)
            11
            10
            401k Matching
            Available
            Available
            Healthcare
            Available
            Available
            On-Site Childcare
            Not Available
            Not Available
            Flex Time
            Available
            Available
            Vacation Allowance(Weeks)
            Median:  3
            Average:  4
            Paid Maternity Leave (weeks)
            Median:  12
            Average:  12
            Unpaid Maternity Leave (weeks)
            Median:  6
            Average:  7
            Paid Paternity Leave (weeks)
            Median:  4
            Average:  6
            Unpaid Paternity Leave (weeks)
            Median:  11
            Average:  10
            401k Matching
            Median:  Available
            Average:  Available
            Healthcare
            Median:  Available
            Average:  Available
            On-Site Childcare
            Median:  Not Available
            Average:  Not Available
            Flex Time
            Median:  Available
            Average:  Available
            Read more about Bank of America Corporation
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