Tuesday, Oct 9, 2001
South San Francisco, Calif. -- October 9, 2001 --Genentech, Inc. (NYSE: DNA) today announced that it has been named one of the "100 Best Companies for Working Mothers," in the October issue of Working Mother Magazine. This is the tenth time the company has made the list.
"Recognizing the work and family demands of our employees is, and will remain, one of Genentech's top priorities," said Arthur D. Levinson, Ph.D., chairman and chief executive officer. "Because we as a company place a premium on facilitating a balance between work and home, it is extremely gratifying to be recognized for the tenth time by Working Mother Magazine. We will continue to strive to make Genentech the best place to work - for parents and all employees."
Working Mother chose the 100 Best Companies in 2001 based on six criteria: percentage of women in the workforce, leave for new parents, flexible work arrangements, child care, work/life balance benefits such as counseling and support groups for employees, and opportunities for women to advance. This year, the magazine paid particular attention to how well companies are providing benefits to workers at lower income and job levels.
Among Genentech's outstanding, family-friendly benefits recognized by Working Mother are flexible work arrangements and Second Generation, one of the country's largest, corporate-sponsored, on-site child care facilities. In addition, the magazine acknowledged Genentech's commitment to advancing women in the workplace. It noted that at Genentech women comprise 40 percent of top earners and more than one-third of all executives, and that the company's succession-planning program may increase these numbers. Working Woman also recognized Genentech for its interest in expanding how the company helps employees balance the demands of work and life by reviewing and benchmarking its benefits in relation to other leading companies.
"We are very proud of our family-friendly benefits and services, which aid in the balance of work and family demands for all of our employees," said David Nagler, vice president of Human Resources. "We recognize that to attract and retain good people they need to be able to have healthy and fulfilling lives both at and away from Genentech."
Genentech, Inc. is a leading biotechnology company that discovers, develops, manufactures, and markets human pharmaceuticals for significant unmet medical needs. Fifteen of the currently approved biotechnology products are based on or stem from Genentech science. Genentech markets ten biotechnology products directly in the United States. The company has headquarters in South San Francisco, California, and is traded on the New York Stock Exchange under the symbol DNA.
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