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The 2008 DiversityInc Top 10 Companies for African Americans
By the Editors of DiversityInc
April 21, 2008
What makes a Black employee develop his or her full potential at a
company? Find out how these
companies create a culture of inclusion for ALL their employees, which puts them
on this specialty list.
Consider these points of comparison:
- The top 10 companies for Blacks average 19 percent
Blacks in their work forces, compared with a Top 50 average of 15 percent and a
national average of 14 percent, according to the EEOC. There's clearly progress
being made. Blacks were 22 percent of new hires for these top 10 companies,
compared with 18 percent for the Top 50.
- Blacks were 14 percent of the managers in these top 10
companies, compared with a Top 50 average of 12 percent and a national average
of 6.7 percent, according to the EEOC. This ratio is important to note because
it illustrates the talent pipeline, that African-American managers received an
average of 14 percent of management promotions at these top 10 companies,
compared with a Top 50 average of 9 percent.
- Diversity training is extremely important to these
companies. Nine of these top 10 have mandatory diversity training for the entire
work force, compared with a Top 50 average of 70
percent.
- Fifty percent of these top 10 companies have mandatory
employee surveys on diversity, compared with a Top 50 average of 26
percent.
Here's the list and a key factor about why each company was
named:
No. 1: Turner Broadcasting System, No. 23
on The 2008 DiversityInc
Top 50 Companies for Diversity®
list.
Turner
reports that 22 percent of its work force and 28 percent of all new hires were
Black. The media company spends 25 percent of its advertising budget at media
aimed at multicultural people, including Blacks.
No. 2: Darden
Restaurants, one of DiversityInc's 25 Noteworthy Companies in 2008.
Chairman and CEO Clarence Otis Jr. is one of five Black CEOs in
Fortune 500 companies and also sits on the board of Verizon, No. 1 in the Top 50
this year. One-third of Darden's board of directors was Black, compared with a
national average of 8 percent, according to Executive Leadership
Council.
No. 3: McDonald's
The fast-food
chain spent more than 40 percent of its procurement for Tier I (direct
contractors) with minority-owned businesses. Blacks were 20 percent of its work
force and 28 percent of its new hires.
No. 4: Wachovia, No. 14 on the Top 50. Also
No. 4 on The Top 10 Companies for
Recruitment & Retention and on The Top 10 Companies for Executive
Women and The Top 10 Companies for LGBT Employees.
Wachovia's dominance in human capital is evident. The bank reported 21
percent of its work force and 31 percent of new hires were Black. Fifteen
percent of managers were Black, but 19 percent of management promotions went to
Blacks.
No. 5: Bright Horizons Family Solutions, No. 41 on the Top 50.
This company, on the Top 50 for the first time this year, reported
that 21 percent of its work force and 23 percent of new hires were
Black.
No. 6:
Macy's, No. 39 on the Top 50. Also No. 7 on The Top 10 Companies for
Recruitment & Retention.
The
retailer, very strong on human capital, reported that 20 percent of its work
force and 23 percent of new hires were Black.
No. 7:
General Motors, No. 44 on the Top 50. Also on The Top 10 Companies for People
With Disabilities.
General Motors, which has a strong employee group for Blacks,
reported that 13.5 percent of management promotions went to
Blacks.
No.
8: Kaiser Permanente, No. 43 on the Top 50. Also on The Top 10 Companies for
Executive Women and The Top 10 Companies for People With Disabilities and the
Top 10 Companies for Latinos.
The board of
directors was 21 percent Black at this healthcare company. Kaiser also has a
commitment to its minority-owned suppliers, spending almost 6 percent of its
Tier I (direct contractors) procurement budget with minority-owned
businesses.
No. 9: Sodexo, No. 12 on the Top 50.
Also No. 3 on The Top
10 Companies for Recruitment & Retention and on The Top 10
Companies for Latinos and The Top 10 Companies for People With
Disabilities.
This first-rate diversity company, which has very
strong employee groups and metrics, reports that 26 percent of its work force
and 28 percent of new hires were Black.
No. 10: Cox
Communications, No. 6 on the Top 50.
The media
company noted that 15 percent of its managers are Black and 16 percent of its
management promotions went to Blacks. Of all its women managers, 19 percent were
Black and 22 percent of promotions to women managers went to Black
women.
More 2008 Top 50 >>
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