Bank of America celebrates Networks Day!
Bank of America was the main sponsor for the National Day for Staff Networks 2020. Known for their progressive efforts on diversity and inclusion, we are honoured to have their support. Read more about why this day is important to them.
Celebrating Staff Networks Day with Bank of America
At Bank of America (BofA) we are committed to being a great place to work, by creating an inclusive environment for all our employees around the world, working to ensure our programmes and resources enhance their experience and further their careers. Our commitment to being an inclusive workplace means creating opportunities for our teams to grow and develop, recognising performance and supporting their physical, emotional and financial wellness. One way we demonstrate this is through our support of our Employee Networks. These are bank-supported groups made up of employees who share a dimension of diversity along with their allies.
Our Employee Networks create and support communities
There are 11 Employee Networks with over 280 local chapters with 140,000 memberships globally. Across EMEA, we have over 8,000 employees who are members of our employee networks with 23 chapters. Our research shows that Employee Network members have a 5% higher employee satisfaction score than non-members. By having the opportunity to pursue their interests through an Employee Network, they feel supported and are more likely to be engaged and develop camaraderie with colleagues.
A spotlight on our Parents and Caregivers Network (PCN)
The PCN is a global Network that aims to create a supportive environment for employees with caring responsibilities for children, other family members and loved ones and for employees who feel they might become parents/carers in the future. PCN does this by providing access to applicable support, information and resources and by influencing the bank’s policies and practices in support of employees who are parents and/or caregivers.
Lesley White, Head of Global Commercial Banking International and Executive Sponsor of PCN EMEA at Bank of America said: “Networks provide employees and their allies with opportunities to connect with each other to develop leadership skills, broaden their view of diversity, mentor one another and address issues that matter to them, meanwhile encouraging collaboration, generating and
harnessing great ideas, bringing lasting value to our business and our
“The Parents and Caregivers Network plays an important role in shaping
the culture and values of the business, building connections among
colleagues, encouraging careers to flourish and providing support
and advice in balancing work and home life. Bank of America’s continued
commitment to the Network enables us to provide an essential platform
of care for our employees as their needs evolve over time.”
Speaking about her experience with joining the network and taking on
the responsibility of co-chair for the PCN UK chapter, Reena Shukla,
Director in EMEA Operations at Bank of America said:
“I returned from maternity leave after my first child and joined
the Network to find out more about resources the company offered
as well as to connect with other members. My first few months back were
challenging, as I adjusted to new routines whilst still wanting to work towards my career ambition.
“It’s important for me to be a visible champion of the Network as well as being a Mum, to highlight that with the help and support of the resources in the firm I feel I have a well-balanced life managing my childcare and work commitments without sacrificing my career aspirations. The PCN brings together like minded people to talk and share experiences, which is an excellent resource and important community that truly adds value within the business.”
Across EMEA, there are PCN chapters in London, Bromley, Chester, Camberley and Dublin. With further ones being set up in Paris and other countries in the region later this year. PCN’s reach continues to grow strong with new members added daily. The Network runs an excellent, engaging calendar of activities throughout the year, including: regular networking events, external speaker series, webinars on a variety of topics and also works hand in hand with the benefits and human resources partners to understand the support available to parents and caregivers across the business from offering free emergency childcare, back-up adult and eldercare to providing free access to a range of 500 clubs to keep the children entertained during school holidays - to mention a few.
Eoin Kashishian, Managing Director, Global Corporate & Investment Banking and co-chair of PCN UK, Bank of America said: “One of our key focus areas for the PCN has been to encourage other dads to be actively involved in Network activities, speak up and lead by example. As a father of two young children, I fully appreciate how a supportive and flexible work culture is a necessary ingredient to achieving a sustainable work-life balance. Another important part of our strategy has been to further highlight the importance of carers, and the often complex issues they have to overcome. This is even more in the spotlight
Image of working mother and child
Eoin Kashishian, Managing Director, Global Corporate & Investment Banking and co-chair of PCN UK, Bank of America said: “One of our key focus areas for the PCN has been to encourage other dads to be actively involved in Network activities, speak up and lead by example. As a father of two young children, I fully appreciate how a supportive and flexible work culture is a necessary ingredient to achieving a sustainable work-life balance. Another important part of our strategy has been to further highlight the importance of carers, and the often complex issues they have to overcome. This is even more in the spotlight given current working conditions as a result of covid-19.
“I took on the PCN co-chair role at the end of 2018. I was inspired by some of the other employee networks such as the Disability Advocacy Network and the hugely positive impact they had on employees across the bank. I am incredibly proud of all the work our PCN committee, made up entirely of employees volunteering their time, has done and continues to do for the bank’s parents and carers.”
Voice at the Table supports Networks Day!
Voice at the Table (VATT) is a gender diversity and inclusion consultancy. They help organisations tap into the diversity of their people by improving inclusive behaviours of leaders in teams. VATT partnered with the National Day for Staff Networks 2020 campaign and are providing webinars, podcasts and other fantastic resources for networks. Joyce Osei participated in our activities and here's what she had to say:
Theme for 2020: Adding Value
2020 is the year where employee networks across the United Kingdom rise up as a community and lead the way for change in the workplace. This isn't just about the day; it's about the movement!
It's an opportunity for them to celebrate the contribution, inspire with their story and offer insight and transform the organisation.
Networks can be an effective voice for the business and work all colleagues to create more inclusive environment where all employees, that want to, can progress. There is a role for everyone be they Ambassadors, Allies, or Associates.
When networks understand their Network Value Proposition, they can demonstrate how they add value to the workplace environment and business outcomes and harness their innovation, amplify their voice and advocate inclusion, change happens and they #makeworkbetter.
Get Ready for Networks Day
We are delighted to be sponsored by Bank of America, Peabody, Sugar Media and Marketing, Reed Business International and The Power of Staff Networks.
We are excited to be partnering with Dods Diversity & Inclusion and Voice at The Table Dod will be hosting a special conference celebrating Staff Networks in London (postponed from 13th May to 4th November 2020)
Why not join these fantastic organisations and partner or sponsor the National Day 2021! Interested entities should step forward now and make contact as soon as possible.
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