Only 3% of Fortune 500 companies share full diversity data

    By: Clair Fuller on Oct 10, 2017

    Grace Donnelly writes, "It's well-documented that the C-suites and boardrooms of Fortune 500 companies are overwhelmingly white and male. What's less clear is the makeup of the 28 million employees who work for them.

    It's worth pointing out that the case has already eben made for diversity improving the bottom line. 

    Companies in the top quartile for racial and ethnic diversity are 35% more likely to have returns above national industry medians, SAP chief diversity and inclusion officer Anka Wittenburg wrote in a piece for Fortune, quoting a McKinsey study. She also pointed to a study from Bersin by Deloitte that found over a 3-year period, diverse companies see 2.3 times the cash flow per employee when compared to their less diverse peers.

    Twelve of this year’s Fortune 500 companies appeared on last year’s 50 Best Workplace For Diversity list, which relies heavily on the outcome of 450,000 employee surveys in its methodology. That means women, minorities, people with disabilities and members of the LGBTQ community rated their employers favorably when asked about representation, favoritism, feeling included and morale.

    It does not mean, however, that all of those companies are transparent about their workforce demographics. In fact, none of the 10 Fortune 500 companies that were honored on the diversity list have fully disclosed their EEO-1 data."


    Released: October 10, 2017, 9:02 am
    Keywords: NAWL News

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