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DIVERSITY MBA ANNOUNCES BEST IN CLASS COMPANIES
“50 Out Front: Best Places to Work for Women & Diverse Managers”
CHICAGO, IL (June 7, 2019) – Diversity MBA Magazine, a national leadership publication targeting managers, executives, professionals, students and the business community, today publishes its 13th annual list of 50 Out Front: Best Places to Work for Women & Diverse Managers Ranking – Best in Class Companies.
Diversity MBA’s Inclusive Leadership’s Index identifies companies for the Best in Class recognition – those that have demonstrated consistent and excellent practices, with metrics aligned with strategy that results in impactful change.
“The intent of the Best in Class categories is to recognize companies and organizations that have outstanding results and have made significant progress in the categories listed below. It is important to recognize the effort required to drive results for implementing diversity and inclusion strategies, says Pam McElvane, CEO of Diversity MBA & publisher of Diversity MBA Magazine.
The six areas measured for best practices in management and leadership are Recruitment, Representation, Succession Planning, Workplace Inclusion & Retention, Accountability, and Board Diversity. Those areas are briefly defined below.
Recruitment strategies must be aligned with the overall diversity and business strategy. Building a recruiting platform that has enterprise wide accountability among recruiters and hiring managers. These companies provide comprehensive diversity and legislative training for recruiters. And equally important is how the companies source talent with demonstrated results hiring women and diverse talent.
Representation is the ultimate outcome that companies want to achieve when women and people of color are represented in the most senior leadership roles. In order to ensure continual development companies must have a strong pipeline of talent. These companies have demonstrated tremendous progress with advancing women and people of color.
Succession Planning is the talent management process that allows for fair and equitable advancement of identified top talent. The inclusive leadership index’s top companies advance their high potential talent at a rate of 40 percent or more; and their diverse talent at a rate of 50 percent on average. These companies also have intentional executive development programs, formal sponsorships, mentoring for emerging leaders with the ability to track performance.
Workplace Inclusion & Retention combined are business essentials that must be achieved for the cultural and business integration of diversity and inclusion. It is the blend of cultural competencies and career disciplines resulting in the differences of thoughts, approaches, experiences, identities, affinities and more. Full employee engagement is a culture that supports trust, innovation, flexibility, leadership and authenticity.
Accountability requires CEO and board commitment to ensure the success of achieving diversity and inclusion results. Accountability must be systemic in all processes at every level. Incentive and recognition need to be cascaded at every level to ensure every employee understands their contribution to the overall strategy.
Board Diversity continues to be a growth opportunity for all companies. More and more companies are engaging their boards in their diversity strategy. Diversity on boards is a proven indicator to ensure a competitive advantage. DMBAs Inclusive Leadership Index Best in Class Companies have an average of 55 percent diversity on their boards; which means women and people of color are the majority.
Best in Class: Top Ten 2019 “50 Out Front: Best Places to Work for Women & Diverse Managers, Best in Class” (listed below in alphabetical order).
|Recruitment||Representation||Succession Planning||Workplace Inclusion||Accountability||Board Diversity|
|A.T. Kearney||A.T. Kearney||A.T. Kearney||Allianz Insurance||Aurora Advocate Health||Colgate-Palmolive|
|Atrium Health||Atrium Health||Bank of America||Atrium Health||Bank of America||DIAGEO|
|Blue Cross Blue Shield, MA||Bank of America||Blue Cross Blue Shield, MA||Bank of America||Blue Cross Blue Shield, MI||Federal Reserve Bank of Cleveland|
|Blue Cross Blue Shield, MI||Blue Cross Blue Shield, MI||Blue Cross Blue Shield, MI||Health Care Service Corporation (HCSC)||Federal Reserve Bank of Cleveland||Health Care Service Corporation (HCSC)|
|Colgate- Palmolive||Colgate-Palmolive||Colgate-Palmolive||Nationwide||Health Care Service Corporation (HCSC)||L’Oreal USA|
|Healthcare Service Corporation (HCSC)||Envoy Air||DIAGEO||Novant Health||Intel||Leo Burnett|
|Intel||Health Care Service Corporation (HCSC)||L’Oreal USA||PNC Financial||Old National Bank||Procter & Gamble|
|PNC Financial||Intel||Novant Health||Protiviti Consulting||PNC Financial||The Clorox Company|
|The Clorox Company||L’Oreal USA||The Clorox Company||T- Mobile||The Clorox Company||TIAA|
|UPMC||WellStar Health System||UPMC||UPMC||UPMC||Visa|