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2006 Best Companies for Women of Color.


These 12 trailblazing companies have cutting-edge policies and practices that support African-American, Asian-American, Latina and Native-American women in the workplace. They reflect the good news that women of color are making gains in number and in status throughout corporate America. In the four years since we introduced this initiative, multicultural women have secured more jobs and more leadership positions at our winning companies. And our findings echo national trends: Over the past decade, employment for women of color has been climbing steadily; they're also landing more jobs as managers, according to the U.S. Equal Employment Opportunity Commission.

We know that it can take years to see diversity initiatives translate into a workforce profile that includes high numbers of women of color in top positions. Multicultural women continue to lag behind their white counterparts in terms of salary and advancement. They also continue to be underrepresented in management positions, in executive suites and on company boards. There's still much work to be done. That's why we weighted programs that help women of color and policies that hold managers accountable for advancing them—what we call "company culture"—more heavily than other categories in our application this year. We want to recognize the companies with programs that promote the interests of women of color because we know the numbers will follow. We salute our winning companies for their passion and persistence: They know it's a marathon, not a sprint.

Read more about the 2006 Best Companies for Women of Color
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     Allstate Insurance Co.

  Women of color are in good hands with Allstate—especially when it comes to career advancement. All multicultural women received career counseling last year. They also accounted for about a third of the women who participated in Allstate's mentoring program. Plus, employees can tap into specialized mentoring groups, such as the Black Data Processing Associates, a ...
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     American Electric Power

  Monthly diversity education and recognition programs are offered to employees, who are also encouraged to give back to the community. The company sponsors an annual clothing drive to help low-income women of color reenter the workforce. ...
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     American Express

  The company believes in holding leaders accountable for achieving results. An annual survey measures employee satisfaction in 14 areas, including diversity. A significant 60% of a manager's pay is based on the results of the survey. ...
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     Deloitte & Touche USA LLP

  The company turned to its women of color last year with a series of focus groups to hear what was on their minds. These women spoke; management listened. In response, Deloitte piloted several specialized programs, such as Leadership Education for Asian Pacifics and the Executive Leadership Council for African Americans, to assist with ...
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     General Mills

  Employee network members work with recruiters to host Revisit Weekends, which bring multicultural MBA students into town to tour the Twin Cities and participate in activities with upper management. These weekends have resulted in about 90% of candidates accepting their job offers. ...
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     Hewlett-Packard Co.

  Women of color identified as having leadership potential may participate in weeklong executive development programs such as the UCLA Women's Leadership Institute, the UCLA African-American Leadership Institute and Leadership Education for Asian Pacifics (LEAP). The company provides time off and pays all program tuition fees ($7,000 to $8,400 per person), as well as ...
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     IBM Corp.

  Women can phone in and listen as key multicultural executives share their career and work/life balance advice. Last year, these teleconferences were such a hit that more than 1,000 women-of-color employees joined in on the conversations—an increase of 40% over the prior year. ...
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     JP Morgan Chase

  Thanks to the one-on-one coaching and the laid-back structure of a networking group in Delaware, women of color who've never talked openly about their careers before are now "shining." Developing a positive view of company politics was one topic. ...
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     MetLife Inc.

  Managers are trained and encouraged to attract, retain and develop high-performing women-of-color associates. Each manager must develop a formal plan to create a more inclusive team—and they're tracked on how they manage diversity issues. ...
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     PricewaterhouseCoopers LLP

  The company has formed strategic partnerships with several groups to recruit, retain and advance more women of color, including the Association of Latino Professionals in Finance and Accounting, the National Asian American Society of Accountants and the National Association of Black Accountants. There are 49 women of color in the top 20% of all employees ...
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