Ambac is committed to the professional development and personal health of its employees through established policies and events which we believe has contributed to our low 4.7% voluntary turnover rate.
With the onset of the COVID-19 pandemic, employee health and safety was, and remains, a top priority for the Board and the management team. Special meetings of the Board were convened to approve the following measures, many of which remain in place today as we continue to grapple with the ongoing pandemic:
- A swift and smooth transition to remote work
- Comprehensive data and security enhancements to ensure a secure digital environment for our staff
- Engaging an infectious disease specialist to lead multiple informational panel discussions, and provide support and guidance to our employees regarding proper COVID-19 protocols
- Enlisting environmental and architectural design specialists to advise on and implement appropriate safety measures within our work environment
- Expanding wellness programs, relying on multiple virtual meeting platforms to provide frequent and transparent communication, ensuring that all employee questions and concerns were addressed in a timely manner
Ambac’s commitment to the health and safety of its employees was recognized by the International WELL Building Institute (IWBI) with the WELL Health-Safety Rating. The WELL Health-Safety Rating is an evidence based, third-party verified rating, focusing on operational policies, maintenance protocols, stakeholder engagement and emergency plans to address the post-COVID environment now and broader health and safety-related issues in the future.
Ambac was awarded the WELL Health-Safety Rating following the successful completion of 15 core feature requirements in the following areas: Cleaning and Sanitation Procedures, Health Service Resources, Emergency Preparedness Programs, Air and Water Quality Management, and Stakeholder Engagement and Communication.
Deliberate investment in personal and professional employee development
- Leadership training from Level Up Leader for senior and executive management.
- A mentoring program was introduced during 2019 to foster upward mobility and enrich employee development. This program is intended to help drive positive cultural behavior by cultivating the healthy growth of Ambac employees through the connection of staff members with senior level managers.
- Conducted financial planning seminars for employees to promote financial wellness and assist our employees to meet near- and long-term financial goals.
- Health and Wellness programs
- Nutrition seminars
- Meditation classes
- Stress management workshops
- WWWellness program
- Corporate tuition reimbursement provided to employees seeking to further their education.
- Company sponsored annual health fair with free flu shots and biometric screenings provided by medical health care practitioners.
- Corporate and departmental events are held throughout the year to promote Company cohesion and facilitate strategic and business planning.
Commitment to Diversity and Inclusion
- Ambac is committed to maintaining a work environment in which all individuals are treated with respect and dignity. Our Code of Business Conduct provides that each person has the right to work in a professional atmosphere that promotes equal opportunities and prohibits discriminatory practices, including sexual harassment. Discrimination or harassment, whether based on race, creed, color, religion, age, sex, gender, gender identity, or gender expression, disability, sexual orientation, national origin, marital status, alienage, citizenship status, military status or any other protected class under U.S. Federal or State law or the laws of any other country in which Ambac resides or does business – and regardless of whether it occurs at the office or at an outside, Ambac-sponsored setting – is unacceptable and will not be tolerated.
- All Ambac employees, officers, and directors are required to participate in an online scenario based conscious/unconscious bias awareness training, as well as instructor led bias awareness training, to ensure awareness of, and compliance with, the Code of Business Conduct.
Senior Advisory Team created to supplement Executive Team
- In 2018, certain rising employees were identified and appointed to a Senior Advisory Team, the goal of which is to promote, retain, and incentivize talented individuals within the Company. Selected senior managers provide input and lead initiatives related to improving work environment/culture and corporate efficiencies, fostering better communication and team building.