FEATURES
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Posted Mar 13, 2009
 A constant on the DiversityInc Top 50, Prudential is known for its strong community philanthropy and excellent work/life benefits. |
 Chairman, President and CEO John Strangfeld ties 10 percent of senior-executive bonuses to diversity goals. He personally meets with employee-resource groups and chairs the diversity council, which meets monthly. Of the 14-member board of directors, there are two Black members, one Asian member, one Latino member and two women members.
Prudential has very progressive work/life benefits, including a Mothers at Work lactation program, adoption aid of up to $10,000 for eligible expenses, adoption leave and consultation service, foster-care benefit, eldercare, care circles in which employees create web sites to establish care networks for loved ones, Personal Volunteer Day/Global Volunteer Day, community giving and matching program, and a Community Champions program.
The company also has a strong mentoring program, in which individual business units sponsor formal, customized, inclusive mentoring initiatives for employees. Managers and employees participate in those programs as both mentors and mentees. One program, for example, involves "reverse mentoring" of senior executives by individuals (who may be "junior" in rank) from traditionally underrepresented groups.
The company allocates 90 percent of its philanthropic endeavors to multicultural groups, including Boys and Girls Clubs of Newark, Harlem Children's Zone, National Urban League, NAACP Legal Defense and Educational Fund, INROADS, the Jackie Robinson Foundation and the UNCF. |
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John Strangfeld, Chairman and CEO
"Prudential has a longstanding commitment to diversity. It is our priority that our workplace be inclusive, welcoming of new ideas and appreciative of valuable experience. Our company seeks talented, creative individuals from a variety of backgrounds, worldviews and life circumstances to work with us. We hold ourselves, our management team and all employees accountable for promoting an environment that values these differences and capitalizes on these opportunities for the ultimate benefit of our customers, shareholders and employees." |
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Emilio Egea, Chief Diversity Officer
"Diversity is integrated into every aspect of helping our customers grow and protect their wealth. It's the way we do business. From creating products to developing our people to being a good corporate citizen, diversity is embedded in everything we do. And in this economic climate, our commitment to diversity will help us through this difficult time." |
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Industry
Financial Services
Main Competitors
AIG, AXA, MetLife
U.S. Headquarters
Newark, N.J. |
Number of U.S. Employees
20,512
Annual Revenue
$29.3 billion
% of Operations Outside U.S.
50 |
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