Capital One Ranked Among 100 Best Companies for Working Moms
MCLEAN, Va.--(BUSINESS WIRE)--Sept. 25, 2006--Today, Capital One has been named one of the "100 Best Companies for Working Mothers" by Working Mother Magazine. The company was recognized for the broad range of programs and policies available to support working mothers and families.
"At Capital One, we know that our people are our greatest asset. Living a balanced life - being able to take care of "life" issues when they come up is important and we take pride in the programs and policies we have in place to support not just our working mothers, but all of our associates," said Judy Pahren, Senior Vice President of Diversity and Development. "Supporting working mothers and all associates is about understanding what it means to be connected and successful at work and at home."
Some of the programs that make Capital One among the "100 Best" include:
- Flexible Work Arrangements - All exempt associates are eligible to take advantage of flexible work arrangements including flextime, telecommuting, compressed work week, and part-time work.
- Parental Leave Program - Capital One offers 8 weeks paid leave for new mothers and job protection for up to 16 weeks total. Included in this program is a phased return-to-work schedule that allows new mothers to work part-time for the first 4 weeks after returning from parental leave prior to resuming a full-time schedule. New fathers and "secondary parents" can take up to 2 weeks paid leave during the first year of the child's life - and an additional 10 unpaid weeks off.
- Adoption/Foster Care Leave - Capital One provides new adoptive and foster parents 6 weeks of paid leave and up to 6 additional weeks unpaid time off.
- Employee Assistance Program - Lifeworks provides resources and reference materials to assist with a variety of life issues from financial matters to finding childcare. This program can be accessed through our corporate Intranet, My One Place.
Headquartered in McLean, Virginia, Capital One Financial Corporation (www.capitalone.com) is a financial holding company, with more than 324 locations in Texas and Louisiana. Its principal subsidiaries, Capital One Bank, Capital One, F.S.B., Capital One Auto Finance, Inc., and Capital One, N.A., offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Capital One's subsidiaries collectively had $47.2 billion in deposits and $108.4 billion in managed loans outstanding as of June 30, 2006. Capital One, a Fortune 500 company, trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 500 index.
About Working Mother
Founded in 1979, Working Mother magazine reaches nearly 3 million readers and is the only national magazine for career-committed mothers. Its 21-year signature initiative, Working Mother 100 Best Companies, is the most important benchmark for work/life practices in corporate America. The publication also releases the annual list of the Best Companies for Women of Color in the June issue. Working Mother is published by Working Mother Media (WMM), which also owns the National Association for Female Executives (NAFE), NAFE Magazine, the annual 100 Best Companies WorkLife Congress, as well as the Best Companies for Women of Color Multicultural Conference and regional Town Halls. This year, WMM launched its Best Small Companies for Working Mothers initiative.
CONTACT: Capital One Financial Corporation
Lahne Mattas-Curry, 703-720-2358
SOURCE: Capital One Financial Corporation