TIAA was named one of Fatherly's 2021 "Best Places to Work for Dads" and Scary Mommy's 2021 "Best Places to Work for Moms," certifications that recognize employee benefits, policies and corporate culture based on a 148-point criterion and spotlight organizations that set the standards for how parents should be treated and supported.
In response to the COVID-19 pandemic, TIAA drastically improved its already strong parental benefits package, more than tripling its backup childcare reimbursement from $60 per day for 20 days to $200 per day for 60 days, and opting to extend this benefit into 2021. The company also provided associates with virtual tutors and other academic support for students, as well as childcare and online healthcare options for families.
"The COVID-19 pandemic completely altered the way we work and live, and validated the value of employee benefits as a key driver of recruitment, retention, and the associate experience," said Sean Woodroffe, Senior Executive Vice President and Chief People Officer for TIAA. "Early in the pandemic, we recognized that we needed to provide additional support to our employees so they could balance their work lives with the new realities of their home lives. I’m proud of the work we've done to support our employees in a challenging year to ensure they have the support they need to bring their most authentic selves to the – now virtual – workplace and ultimately better serve our clients."
The companies certified under Fatherly's and Scary Mommy's Best Places to Work for Parents program represent a wide variety of sectors and a shared commitment to ensuring the wellbeing of working parents. The certification reflects a company's ongoing commitment the prioritization of its employees' needs.