- WIB PH
Righting the ship at Bank of America is a monumental task, and employee engagement is crucial. That's where Andrea Smith comes in.
September 18
Andrea Smith
Global Head of Human Resources, Bank of America
Andrea Smith joined Bank of America in 1988 and was named global head of human resources four years ago, reporting directly to CEO Brian Moynihan. Smith manages a budget of $35 billion and oversees a workforce of some 240,000 people in 40 countries, but a big part of her job these days is finding ways to reduce overhead. Moynihan has set a goal of cutting expenses by $8 billion a year by mid-2015, and a big chunk of that will come from layoffs.
Of course, there will always be job openings at a company as large as BofA, and one of its key objectives is hiring more military veterans. Smith spearheaded the company's military recruitment efforts with the creation of a military affairs team in 2012 an effort that helped to earn the company the Secretary of Defense Employer Support Freedom Award in 2013. The goal is to hire 10,000 veterans over the next several years.
BofA also continues to be recognized as top place to work. It has achieved a 100% score on Human Rights Campaign's corporate equality index for eight straight years and was recently named among the 100 best companies to work for by Working Mother magazine.
