40 Best Companies For Diversity: They Want YOU!

The organizations on our list know that hiring diverse employees and leveraging differences sharpen their competitive edge.

of our corporations have job openings where they’re actively seeking diverse talent. They realize that they will be rewarded by a pool of employees of different races, genders, and sexual preferences that can offer a range of perspectives, experiences, skills, and strategies. In a business environment that has become increasingly multicultural and global, companies like those on our list that invest in the development and expansion of such human capital will emerge as today’s winners and tomorrow’s leaders.

Choosing Our Best ­Companies for Diversity
To select our 2010 Best Companies for Diversity, our editors and BE Research sent surveys to the top 1,000 publicly traded companies as well as the 100 leading global companies with strong U.S. operations. BE’s survey focused on activities related to the participation of African Americans and members of other ethnic minority groups. According to the U.S. Census Bureau, the term “ethnic minority” applies to individuals from the following backgrounds: black/African American, American Indian/Alaska native, Asian, native Hawaiian, and Hispanic/Latino. Information provided by companies on diversity efforts on behalf of other groups, such as women, gays/lesbians/bisexuals/transgender, and the disabled, was used as a secondary, supporting criterion for inclusion on the list.

BE performed a quantitative assessment of all corporate respondents in each survey category. Based on the analysis, each company was given a score per category, which was compiled into a final survey score. Because of the high number of job losses since the recession, a heavier weighting was applied to scores in the senior management and supplier diversity categories. The final scores, along with the results of reporting and research conducted by the BE editorial staff, were used to determine the 40 Best Companies for Diversity. (See the 2009 Best Companies for Diversity article and list.)

Our survey measured companies against four key categories:

Employee Base: the percentage of African Americans and members of other ethnic minority groups represented in a given company’s total workforce.

Senior Management: The percentage of senior management positions held by African Americans and members of other ethnic groups.

Board of Directors: The percentage of African Americans and other ethnic minorities represented on corporate boards.

Supplier Diversity: the percentage of total procurement dollars spent with companies owned by African Americans and members of other ethnic minority groups.

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  • Jane Woodside

    Is there a link to the actual 2010 list in the article that I’m missing?

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  • Vilma Betancourt-O’Day

    Just bought my first Black Enterprise magazine – all I can say is WOW!! This particular article is excellent; I will use it as a reference for my clients as I am always searching for companies with Supplier Diversity programs. In your article, what does it mean when a company has the “strengths” column blank?
    Last week I attended a webinar by “make mine a million” that was conducted by Amy Zettlemoyer-Lazar, Senior Director of Packaging & Supplier Diversity for Sam’s Club and Co-Manager of the Sustainability Value Network for Wal-Mart Stores, Inc. – they have an excellent Supplier Diversity program for WBEs and MBEs.
    In your article Wal-Mart is listed but the “strengths” column is empty and I am not sure what that means. I can send you the slide presentation used during the webinar if you would like more information about their particular Supplier DIversity program.
    My clients are women and/or minority business owners – I assist them with their business certifications (WBE, MBE, SBE) and also with business development. Your magazine and its articles will serve as a guiding light for me and I thank you for sharing so much knowledge with your readers. God bless y’all!!

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  • Former Xerox Employee

    I reviewed the list for 2010 and saw Xerox on it. Xerox should not be on the list. In 2009 , they layoff a boatload of African Americans. Under strengths senior management is listed. Senior leaders at Xerox are not sharp enough to be dog catchers (sorry to dog catchers for the unfavorable comparison). Xerox is a failure because they are incapable of growing the company. The morale is terrible. I think 90% of the employees would leave if they could find a job with similar pay. The new CEO is awful. Another opportunist in a line of chief exploitation officers. Xerox outsources to India at every opportunity. I’m glad I am no longer there. There are no minority friendly companies in Rochester, NY. Unless you have a unique opportunity for growth, I would avoid Xerox like the plague. They were a good company about 20 years ago.

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