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Methodology
We selected the 2007 Working Mother Best Companies for Multicultural Women based on the detailed application completed by each company. Private and public firms based in the United States are eligible to apply for this initiative. Government agencies, companies in the human resources field and nonautonomous divisions of companies are not eligible. Companies supplied 2006 data about the hiring, pay and promotion of multicultural employees. Application questions cover workforce profile (such as number of women of color, women in top positions, top earners); culture (programs for women of color, manager behavior); external programs (diversity activities); and work/life programs (child care, elder care, time off following childbirth). NetX Inc., an independent survey research firm in Columbus, NJ, tabulates the scores. This year, we gave the most weight to questions involving the representation, recruitment and retention of women of color.
Click here tor read more features on diversity
How to apply
If you're interested in being among the companies vying for a spot on the 2008 Working Mother Best Companies for Multicultural Women, click here to register. Include your company name and the name, telephone number and email address of a contact person. Online applications will be available October 4, 2007. Winning companies will be announced in the June/July 2008 issue.
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Allstate Insurance
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In an effort to take diversity initiatives to the next level, the
company created a unique Corporate Diversity Council comprised of
senior-level decision-makers. Their mission: integrate diversity into
the business strategy.
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American Electric Power
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The company stepped up minority recruitment efforts last year by hiring
a staffing firm that specializes in finding talented people of color,
recruiting at professional conferences for women engineers,
African-American accountants and MBAs, and recruiting at Howard University as well as several other predominantly black colleges.
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American Express
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When it comes to helping multicultural women get ahead, the company
puts its money where its mouth is. Leaders are expected to set and meet
diversity goals, and an annual survey measures employee satisfaction in
14 areas, including diversity. Up to 60% of managers' pay is based on
the ...
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Chubb Group of Insurance Companies
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Thanks to a comprehensive diversity initiative called Reach Up, Reach
Out, Reach Down, high-potential employees of color receive management
training and development opportunities. Almost a quarter of female
employees who took advantage of management training last year were
women of color.
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Citi
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Women of color can bank on a commitment to diversity hiring. The
company actively recruits at historically black colleges as well as
conferences and organizations specifically for multicultural MBAs and
business students. Its recruitment efforts are clearly working: Women
of color accounted for 25% of new employees and 12% ...
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Colgate-Palmolive
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Women of color are taking advantage of opportunities to advance their
careers: Minorities account for 36% of women in management training and
30% of women in company mentoring programs. And 68% of minority women
participated in career counseling last year.
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Credit Suisse
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Leaders are held financially accountable when it comes to diversity.
Managers are rated in nine core competencies, which encompass diversity
achievements such as hiring or promoting women of color, and their
bonuses are directly tied to results in these areas.
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Deloitte & Touche
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The Breakthrough Leadership Program gives top-performing minority
managers valuable training to help them advance. The program immerses
trainees in development sessions for six days, followed by six months
of one-on-one coaching. Women of color made up 37% of the program's
participants last year.
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Ernst & Young
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The Executive Mentoring Program helps promising minority employees advance
by pairing them with mentors from the executive board, providing
professional coaching and creating individualized career development
plans.
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General Mills
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To increase multicultural hiring, seven employee networks team up with
recruiters to host Revisit Weekends. Minority students offered jobs by
the company are invited back to the Twin Cities for tours, gala
dinners, meetings with senior management and other events. Each year,
at least 80% of candidates end up ...
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