placement: 'Below Article Thumbnails', Now they cant unsee it.. Here are the 11 companies that earned 90 points, including PepsiCo, the only company in the S&P 100 with a minority woman, Indra Nooyi, as its CEO: Abbott Laboratories, Accenture, American Express, Bristol-Myers Squibb, Comcast, Dell, Kraft Foods, McDonalds, Nike, PepsiCo, Pfizer. The diversity data shows that Asian employees made up about 30% of tech workforces in 2019. White people make up 65 percent of entry-level jobs in corporate America, while people of color represent 32 percent of those posts, according to a study by McKinsey and nonprofit LeanIn.org. } if(currentUrl.indexOf("/about-shrm/pages/shrm-china.aspx") > -1) { According to Fran Katsoudas, Chief People Officer at Cisco, This framework is a game changer for us in identifying and attracting the best talent.The Best: Microsoft CorporationThe analysis by Calvert Investments also gave Microsoft Corporation a perfect score for its diversity practices. Diversity and Inclusion in the workforce are core environmental, social and governance (ESG) themes, which financial professionals are more frequently incorporating into their investment strategies and capital allocation decisions. Many seek, for example, to assess inclusion through a handful of questions in an engagement survey about how employees feel, without assessing whether peoples actions and organizational processes and signals consistently support or undermine inclusion. Only 41% responded. 1. Im encouraged by the numbers of people protesting and demanding change. About Paychex This organization eradicated rewards based on presenteeism and developed a strategy for a flexible working environment focused on rewarding results. June 18, 2021. _taboola.push({ The benefits include improving financial performance, leveraging talents, reflecting the marketplace,. Multicultural women make up 17% of the workforce. First, you need real humilityyou cant understand the injustice until it happens to you. Such honesty has been largely missing from failed diversity efforts that have cost billions of dollars. Many companies are struggling to stay afloat and may not have the financial or management bandwidth to dedicate to diversity programs. The company increased the number of women in its workforce to 37%, a 1% increase on the prior year and a step toward the company's . The company created an intranet page that used the hashtag #wehearyou for them to share their feelings and concerns. And we offer 50 actions that people can take at every level to start building inclusion right away. 1 slot, getting a perfect 100 score in Calverts ranking, JP Morgan Chase and CocaCola tied for second place, with a score of 95. Featured speakers includeBlavity's Morgan DeBaun, IBM's Ginni Rometty, Carnival's Arnold Donald, Uber's Bo Young Lee, Kearney's Alex Liu, Washington Football Teams's Jason Wright and more. United States leads the Top 100 list with 20 firms followed by the United Kingdom with 13, Australia with 9 and Canada and France with 7. Need help with a specific HR issue like coronavirus or FLSA? While there have been many points in history where society reflects on expectations of diversity and inclusion, the summer of 2020 has presented a real opportunity for change. Five best practices. Alison Maitland: They are missing a huge opportunity: to harness the collective superpower of diversity by creating genuinely inclusive work environments. Shah Paikeday acknowledges that some executives may find it difficult to broach such a sensitive topic. Summary. People just dont believe it, Ellis says. Kenny explains why he made the decision and what hes done since. Learn More. Hobby Lobby. https://www.refinitiv.com/en/resources/special-report/diversity-and-inclusion-at-workplace, https://www.refinitiv.com/content/dam/marketing/en_us/documents/methodology/diversity-inclusion-rating-methodology.pdf, https://www.refinitiv.com/en/sustainable-finance/diversity-and-inclusion-top-100, https://www.refinitiv.com/content/dam/marketing/en_us/documents/reports/diversity-and-inclusion-quotes.pdf, https://www.refinitiv.com/en/financial-data/indices, Refinitiv announces the 2020 D&I index top 100 most diverse & inclusive organizations globally. Since 2018, companies like Google, Uber, Fox News, Riot Games, UPS, Coca-Cola, and Target have paid out multimillion-dollar settlements, and this year brought an even larger wave of high-profile cases. In 2014,a year after the acquittal of George Zimmerman in the shooting death ofTrayvon Martin and the subsequent founding of the Black Lives Matter movement,some Big Tech companies started reporting their workplace demographics and promised to increase diversity. Two years ago, the most frequently awarded score was 70 points. Even though there are laws against pay discrimination, US companies on average still pay women just $0.82 for every dollar they pay men, and pay women of color even less and executives have made virtually no progress in closing wage gaps across the country since the early 2000s. Then you have to accept that systemic racism exists. Marcus:You say diversity and inclusion are complementary but different. A new ranking from Calvert Investments says. Specific actions depend on the organizations priorities. In 2017, Cisco announced the launch of itsDiverse Representation Framework (DRF), a system that provides data to help hiring managers find talent in the markets where they do business. He also believes that unconscious bias plays a role in excluding people of color from the workplace. American workplaces have long been hotbeds of discrimination and harassment, particularly for those who aren't white, light-skinned, male, straight, single, young, able-bodied Americans. The social unrest has been a powerful incentive for companies to bolster their diversity efforts, though theres another powerful force sweeping the U.S. that could undermine those intentions: the recession brought on by the COVID-19 pandemic. Calvert gave 10 points to companies that had two or more women and/or minorities among its five highest-paid executives, and 10 more points to those that had three or more women and/or minorities on their boards. Here are some of the major workplace discrimination, harassment, and retaliation lawsuits that workers filed against America's largest companies in 2020, as well as cases where new plaintiffs joined. Black Lives Matter and coronavirus made people really think about how were not doing enough about diversity and inclusion, Windland says. Only 2 percent of its top 250 executives are Black, while 16 percent are Asian and 6 percent are Latino. For example, after Floyds death, Morgan Stanleys chief executive, James Gorman, promoted two Black women to senior roles and pledged $25 million to create a diversity institute at the investment bank. Refinitiv The companies in the study were ranked on 10 different diversity criteria, which included internal and external diversity initiatives, board diversity, diversity of their highest-paid executives, Equal Employment Opportunity (EEO) policies, and director selection criteria, as well as the company's overall commitment to diversity. Register here. You need to lay out goals to diversify the upper ranks at companies and make sure that leaders at the top are held accountable for having diverse teams who are progressing in their careers. Maitland: We set out 10 enablers that drive inclusion by creating connection, opportunity and common cause across organizations. It was more about listening.. At the best-rated companies at least, Calvert awarded top marks on the 10 factors it used to measure progress on diversity. He didnt know what to say, but he knew he had to say something, says Corinne Abramson, the companys national inclusion director. The Trump administration's condemnation of some diversity and inclusion programs presents a Catch-22 for employers seeking to . Your session has expired. An outstanding 1,271 companies actively participated in the CEI 2022 Survey. Since 2018, companies like Google, Uber, Fox News, Riot Games, UPS, Coca-Cola, and Target have paid out multimillion-dollar settlements, and this year brought an even larger wave of high-profile. The analysis by Calvert Investments also gave Microsoft Corporation a perfect score for its diversity practices. These are indicators of diversity, not inclusion. We had to plead with him, says Butler-Morton, VMwares director of product lifecycle operations management. Microsoftsboard of directors is among the most diverse of any tech company with women and ethnic minorities insix of 14 positions. But Berardinelli says these conversations are different from PPGs other DE&I endeavors. employee demographic data, the most important outcome of their D&I strategy. United States leads Top 100 list: 20 firms followed by United Kingdom 13, Australia 9, Canada and France 7. Only 14 percent of C-suite positions are held by people of color, with women of color holding only 4 percent. No women or minorities in the C-suite, two women on the board of 12. The company must clearly communicate that dedication to diversity and inclusion is not just a passing trend that frontline leaders can wait out or avoid implementing. The Index is then calculated by weighing each metric based on importance in the market and how each company compares with its peers. Last week, current president and CEO John Gibson reaffirmed our commitment to continuing our journey to building a strong and sustainable culture of inclusion by the pledge. Got a confidential news tip? Overall, companies are better at hiring people of color than they are at promoting them, but hiring is still poor. For example, Comcast Corp. has been broadcasting to its entire staff talks with experts on racism, including Ibram X. Kendi, best-selling author of Shimadzu Corporation has convened a Diversity Day every year since 2020. Senior leaders must first ask how elevating inclusion can help them achieve that goal, such as by ensuring that no one holds back creative ideas. The Calvert study designated Berkshire Hathaway as the second to worst company in the S&P 100 for workplace diversity. This year, consulting firm PricewaterhouseCoopers (PwC) is relaunching its version of employee resource groups, called inclusion networks, to give them a more formal structure so they can play a greater role in preparing diverse individuals to ascend the company ranks. National Oilwell Varco ( NOV -0.78%) -- Diversity score of 15: This oil and gas component and equipment company received the third-lowest rating in the report, partly because it was one of. Two minorities in the C-suite including Kenneth Frazier, an African-American, and Executive Vice President Peter S. Kim. 3 slot, with 90 points. According toMichelle Simmons,General Manager,Southeast Asia New Markets, Microsoft Asia Pacific, Microsoft is working with schools and teachers to create opportunities for more than 1 million young men and women in Sri Lanka. Supplier diversity is an essential aspect of responsible business practices and inclusive economic growth for large companies. In 2019, the Equal Employment Opportunity Commission received more than 7,500 sexual harassment complaints, and 72,000 complaints about racial, sex, age, religious and other types of discrimination. We need to engage policymakers and the government to build out comprehensive reforms, including policing and education. Please try again or contact us for further assistance. The benefits include improving financial performance, leveraging talents, reflecting the marketplace, and increasing innovation and group performance. What surprised me was how many people wanted to tell their stories, says Irick, vice president, architectural coatings, U.S. and Canada. Mobile +1 917-805-1089 Full list. You [], Do you want to get a degree in business while you work and earn? And a place where we, our members, and our business community can bring our unique professional talents to stand together against all forms of social injustice. The #BlackLivesMatter and #MeToo movements have exploded in recent years, shedding light on systemic racial and gender bias across American society, and in particular, within American workplaces. Were calling out where we want our diversity to be. According to the company website, Accenture added more than 1,800 employees of diverse backgrounds in 2017 up from approximately 1,000 in 2016. Specifically, companies should track data on team sizes, recruiting, retention, and promotion ratesand systemic problems should have consequences. Please enable scripts and reload this page. The number of Hispanic employees increased about 1% and the number of Indigenous employees decreased about .01%. Ellis is a fan of unconscious-bias training, though detractors say it can make white employees feel uncomfortable. D&I strategy and only 35 percent measure Here are some best online colleges where you can get a [], The Best (and Worst) Companies For Workplace Diversity. William Trout, Head of Wealth Management at Celent, commented: ESG today has reached a tipping point, and issues related to employee welfare, gender equality, supplier diversity and other social concerns today vie with governance and environmental considerations for attention. Its not your fault, but dont deny its existence. We and our partners use cookies on this site to improve our service, perform analytics, personalize advertising, measure advertising performance, and remember website preferences. and. I needed to make sure that our company is diverse and that our diverse associates were included in every decision and everyone here is advancing. Diversity and Inclusion The business case for gender equality, diversity, and inclusion is strong and growing stronger. Example: In 2010 women held 18% of director positions. A significant part of VMwares effort in the aftermath of Floyds death was designed to ensure that its Black colleagues felt secure. For more information visit: www.refinitiv.com, Lemuel Brewster These things never came to my mind, says Berardinelli, PPG human resources director, global architectural coatings, U.S. and Canada. The company explicitly states it does not consider diversity when directors and board members are selected. Its director selection criteria say it seeks women and minorities. Steele: In contrast with these piecemeal efforts, we provide a comprehensive, step-by-step approach that aligns inclusion to business goals, integrates it into business strategy and makes it indivisible from the way the organization operates. In an open letter, Chip Bergh, president and chief executive of Levi Strauss & Co., wrote, We pride ourselves on being a progressive company that takes bold stances to promote equity, justice and inclusivity all around the worldbut the hard truth is that we have not always lived up to these principles internally. We notice that you have used an expired link to try and complete registration. Simon treats diversity issues as a compliance matterand does the minimum to avoid running afoul of EEO laws. It showed that five years after training became required. A culture of workplace diversity ensures that performance and qualifications, rather than membership in a preferred demographic, dictate ascension up the corporate ladder, but also that a broad array of ideas and backgrounds are used to move acompany forward. Berkshire Hathaway (BRK.B -0.18%) -- Diversity score of 5: One of the reasons Warren Buffett's company, favored by many investors, received the lowest diversity score out of all the S&P 100 companies was because it was the only company that specifically stated it does not consider diversity in selecting its board of directors, according to the report. That number rose only one point, to 19%, in two years. Tech companies supply some of the most financially beneficial jobs on the market. Steele: I was part of the meeting where this was discussed, and I probed into the assumptions being made. Oct. 8, 2020, 2:46 AM. } Please resubmit your details and we will send you a new email. It has also instituted more training on inclusion for its managers, and now both a woman and a minority must be considered for any open position. Bonnie Marcus:What are most organizations missing when it comes to D&I initiatives? He adds that corporate America must prepare for difficult conversations if its truly serious about creating an equitable workplace. Rusty Hill/Getty Images. Thats why SHRM has introduced Access your favorite topics in a personalized feed while you're on the go. We will send you email confirmation within 24 hours with further instructions on how to proceed with access to Refinitiv. We want to make sure they know theyre on the road to partnership, says Shannon Schuyler, chief purpose and inclusion officer at PwC US. Think about how were not doing enough about diversity and inclusion are complementary but different board. 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