Top 10 Companies Are: Accenture, ADP, Anthem, IBM, L’Oreal USA, New
York Life, Procter & Gamble, Verizon, Visa Inc. and WellStar Health
System
NEW YORK–(BUSINESS WIRE)–Working Mother magazine has named the 2019
Best Companies for Multicultural Women—an honor recognizing U.S.
companies that create and use best practices in hiring, retaining, and
promoting multicultural women. This year, the list has expanded from 25
to 50 winners because applications more than tripled. The winners will
be featured in the June/July issue of Working Mother and at workingmother.com.
The Working Mother Research Institute has conducted the initiative since
2003, tracking corporations’ progress in creating cultures that
encourage multicultural women to join and rise through the ranks.
“As the demographics in our country continue to move toward a growing
minority population, companies recognize that they must create an
inclusive workplace environment for multicultural women or else they
will miss out on that portion of the talent,” said Subha V. Barry,
President of Working Mother Media. “The fact that we expanded our list
to 50 companies this year reinforces the notion that companies are
taking the hiring, mentoring, sponsoring and promotion of multicultural
women seriously, and are more confident in their progress on this front.”
“I am excited to see the growing number of multicultural women
represented at the manager level,” said Meredith Bodgas, Editor-in-Chief
of Working Mother. “Our Best Companies continue to create
policies and initiatives that are crucial to the success of
multicultural women in the workforce, and we hope that more
organizations follow their example.”
Key findings of the 2019 Working Mother
report include:
-
Increased multicultural-women representation at manager level and
above: 15 percent in 2019 versus 13 percent in 2018 in management
roles; 11 percent in 2019 versus 8 percent in 2018 in
senior-management roles; 6 percent in 2019 versus 3 percent in 2018 in
corporate-executive roles. -
The most significant change since 2018 is a steady increase in Asian
women in almost every category, especially in the most senior ranks.
Significant gaps remain, especially for black women and Latinas. -
Better participation of multicultural women in sponsorship and
leadership development. The rise in formal sponsorship, in which a
senior person advocates for a more junior person, has significantly
impacted the progress of multicultural women at more-senior levels. As
such, 76 percent of companies offer formal sponsorship, up from 64
percent in 2018. - Increases in CEOs holding leadership accountable for diversity results.
Best Companies Workforce Composition
The 2019 Best Companies for Multicultural Women employ about 2.3 million
people at 38,000 worksites in every state across the following 13
industries: automotive, consumer products, financial services,
hospitality, healthcare, insurance, manufacturing,
nonprofit/not-for-profit, pharmaceuticals, professional
services/management/accounting, retail and apparel,
science/technology/engineering/aerospace/medical devices, and
telecommunications.
Methodology
The Working Mother Best Companies for Multicultural Women application is
available only to companies that have at least 500 U.S. employees. The
winners were selected based on their answers to an extensive
questionnaire covering representation; hiring; attrition and promotion
rates; recruitment, retention and advancement programs; and company
culture. The Working Mother Research Institute created a scoring
algorithm based on the previous year’s benchmark results to determine
the winners.
ABOUT WORKING MOTHER MEDIA
Working Mother Media (WMM), a division of Bonnier Corp., publishes
Working Mother magazine and its companion website, workingmother.com;
The
Working Mother Research Institute, the National
Association for Female Executives, Diversity
Best Practices and Culture@Work are also units within WMM. WMM’s
mission is to serve as a champion of culture change, and Working
Mother magazine is the only national magazine for career-committed
mothers. Follow us on Facebook,
Twitter,
LinkedIn
and Pinterest.
Contacts
Press:
Stefanie McNamara,
212.779.5119, [email protected]
