2019 50 Out Front

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Diversity and Inclusion in the Workplace

Diversity MBA Breaking News

Media contact: haeven@diversitymbamagazine.com

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).

RecruitmentRepresentationSuccession PlanningWorkplace InclusionAccountabilityBoard Diversity
A.T. KearneyA.T. KearneyA.T. KearneyAllianz InsuranceAurora Advocate HealthColgate-Palmolive
Atrium HealthAtrium HealthBank of AmericaAtrium HealthBank of AmericaDIAGEO
Blue Cross Blue Shield, MABank of AmericaBlue Cross Blue Shield, MABank of AmericaBlue Cross Blue Shield, MIFederal Reserve Bank of Cleveland
Blue Cross Blue Shield, MIBlue Cross Blue Shield, MIBlue Cross Blue Shield, MIHealth Care Service Corporation (HCSC)Federal Reserve Bank of ClevelandHealth Care Service Corporation (HCSC)
Colgate- PalmoliveColgate-PalmoliveColgate-PalmoliveNationwideHealth Care Service Corporation (HCSC)L’Oreal USA
Healthcare Service Corporation (HCSC)Envoy AirDIAGEONovant HealthIntelLeo Burnett
IntelHealth Care Service Corporation (HCSC)L’Oreal USAPNC FinancialOld National BankProcter & Gamble
PNC FinancialIntelNovant HealthProtiviti ConsultingPNC FinancialThe Clorox Company
The Clorox CompanyL’Oreal USAThe Clorox CompanyT- MobileThe Clorox CompanyTIAA
UPMCWellStar Health SystemUPMCUPMCUPMCVisa

 

Specialty List: Top 5 Companies

These companies listed below have the most comprehensive process with accountability and achieved outcomes.

CategoryLeadership RepresentationExecutive DevelopmentTalent PipelineDiversity Targeted Recruiting
Bank of AmericaAtrium HealthA.T. KearneyAtrium Health
Envoy AirAurora Advocate HealthBank of AmericaNationwide
Federal Reserve of ClevelandBank of AmericaColgate-PalmoliveNovant Health
Loreal USAColgate-PalmoliveEnvoy AirProgressive Insurance
Wellstar HealthXeroxHCSC/Loreal USAUPMC

 

CategoryCollege RecruitingBoard Diversity Gender MixBoard Diversity Ethnicity MixInclusive CultureDiversity Councils
Blue Cross Blue Shield, MIBank of AmericaHCSCBank of AmericaAbbott
The Clorox CompanyDePaul UniversityThe Clorox CompanyDIAGEOThe Clorox Company
Colgate-PalmoliveDIAGEOTIAAHorizon Blue Cross Blue Shield, NJUPMC
Loreal USALoreal USAVisaPNC FinancialVF Corp
UPMCProcter & GambleWellstar HealthProtivitiXerox

 

CategoryDiverse SlatesAdvancement of WomenAdvancement of People of ColorSponsorshipsMentoring
Blue Cross Blue Shield, MABlue Cross Blue Shield, MABank of AmericaThe Clorox CompanyBlue Cross Blue Shield, MI
DIAGEOLoreal USABlue Cross Blue Shield, MIA.T. KearneyThe Clorox Company
Horizon Blue Cross Blue Shield, NJProtivitiColgate-PalmoliveHorizon Blue Cross Blue Shield, NJColgate-Palmolive
Novant HealthUPMCDIAGEOLoreal USANovant Health
PNC FinancialWellstart HealthUPMCNovant HealthUPMC

 

CategorySupplier DiversitySocial ResponsibilityReward SystemsEmployee Resource Groups
Aurora Advocate HealthAtrium HealthA.T. KearneyAtrium Health
Blue Cross Blue Shield, MIDIAGEOAurora Advocate HealthBank of America
DePaul UniversityIntelFederal Reserve Bank of ClevelandBlue Cross Blue Shield, MI
UPMCOld National BankOld National BankDIAGEO
XeroxPNC FinancialVF CorporationNovant Health