Edward Jones was ranked the No. 3 Best Workplace for Women — highest in the financial-services industry — by Great Place to Work and FORTUNE magazine, according to the local area Edward Jones Financial Advisors.
The list of 100 companies considered more than 400,000 anonymous employee surveys from hundreds of businesses in all sectors of the economy.
The ranking gauged women’s assessment of their organizations’ culture, leadership, fairness and other elements essential for a great workplace.
“As a growing firm, we offer talented women a variety of career paths to leadership and partnership,” said Edward Jones Managing Partner Jim Weddle.
“We are a family-friendly workplace offering generous leave for caregivers and flexible work arrangements, and we have a new initiative offering extra support to attract, develop and retain women financial advisors,” he said. “Women are key to our firm’s long-term success at building relationships with our clients.”
Weddle was one of 150 CEOs to sign the “CEO Action for Diversity & Inclusion” pledge, a new nationwide initiative to advance diversity and inclusion in the workplace as a means to improve corporate performance, drive growth and enhance employee engagement.
Edward Jones recently launched a firmwide network for female financial advisors — new and veteran — in a pledge to bring more women to the financial advisor role. The network, called WINGS, or Women’s Initiative for New Growth Strategies, offers tools, mentorship resources and coaching designed to strengthen and advance female career trajectories at the firm.
“At Edward Jones, more than one-quarter of our recruits are women - but the number should be higher,” said Monica Giuseffi, principal of Financial Advisor Inclusion and Diversity at Edward Jones.
“As the dynamics of our workforce and the clients we serve continue to evolve, we must embrace diversity of thought, background and experience across our firm,” she said. “We are actively working to increase client impact by attracting, retaining and developing talented individuals from various backgrounds, with different life skills to most effectively address their needs.”
Research from Great Place to Work has shown that women are five times more likely to plan a long-term future with their employers when they say they’re treated as full members of the team, regardless of position.
The Best Workplaces for Women also set themselves apart from competitors in other important ways: 95 percent of women at these organizations describe them as friendly, and the same share say they’re proud to tell others where they work.