DiversityInc has compiled a list of the best companies for African Americans which takes into account how certain companies are increasing the presence and role of Black employees, including their percentage of the work force versus new hires, management versus promotions in management, and in different levels of management versus the top 10 percent highest-paid employees.
They also examined the strength and purpose of the company’s employee resource groups for Blacks, its mentoring program, its philanthropic and scholarship efforts in the Black community, and its relationship with MBEs (minority business enterprises) as suppliers.
Here are the top 10 and a reason why each of them made the list:
1: AT&T. This company has a long and deep-rooted relationship with the Black community. Chairman and CEO Randall Stephenson is chairperson of the NAACP Centennial Corporate Campaign. The company has a strong employee-resource group for Blacks, called community NETwork – African American Telecommunications Professionals of AT&T. A couple of statistics show AT&T’s commitment to Blacks–almost 30 percent of its female work force and 19 percent of its female managers are Black.
2: Target Corp. Target’s 11-member board of directors includes two Black members. Representing their marketplace, Blacks also are 18.2 percent of the work force and 25.2 percent of new hires. Target also has an extremely strong mentoring program, with 90 percent of managers participating.
3: Sodexo. CEO and President George Chavel is co-chair of the National Urban League’s Equal Opportunity Dinner. The board of directors is one-third Black. The work force is 26 percent Black while new hires are 30 percent Black.
4: JPMorgan Chase. The bank has a strong philanthropic commitment to the Black community, including the UNCF, the Sphinx Organization, the NAACP, the Jackie Robinson Foundation, INROADS, 100 Black Men, the Thurgood Marshall College Fund and The PhD Project.
5: CSX. The railroad company has made a major effort in recent years to increase Black recruitment, retention and talent development. It is paying off; 17.9 percent of management promotions go to Blacks and 13 percent of the top 10 percent highest-paid employees are Black.
6: Verizon Communications. A long-time workforce diversity leader, Verizon reported that Black women receive 27.6 percent of all management promotions. The company also has a successful Black Managers’ Leadership Development Workshop.
7: Altria Group. Altria has a long history of strong relationships with the Black community through philanthropy and supplier diversity. The company reports that 10 percent of its managers are Black but 12 percent of management promotions go to Blacks.
8: AARP. In its first year competing, AARP has demonstrated a strong multicultural presence, especially for Blacks. Three members of its board of directors are Black as well as 25.5 percent of its work force and 14 percent of its management.
9: Marriott International. The hotel giant has a long history of strong supplier diversity and minority-owned hotel franchises. Its belief in building community wealth is unsurpassed. Chairman and CEO J.W. (Bill) Marriott Jr. is a member of the executive leadership cabinet for the Martin Luther King Jr. National Memorial Project. Philanthropic donations include the Urban League, INROADS, Minority Corporate Counsel Association, NAACP, National Association of Black Accountants, National Black MBA Association and National Society of Minorities in Hospitality.
10: Health Care Service Corp. The company reports that 17.5 percent of managers are Black and 18.1 percent of management promotions go to Blacks, showing progress. In addition, 5.6 percent of Tier I (direct contractor) vendors are minority-owned businesses.
Popularity: unranked [?]
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