Cummins: No. 15 in the DiversityInc Top 50
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Company Information
U.S. Headquarters: Columbus, Ind. |
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Why It’s on the List
The company continues to be an overall diversity-management leader, with more than 100 resource-group chapters nationwide. The CEO meets with resource groups monthly, and almost three-quarters of his direct reports are executive sponsors of resource groups. Diversity goals are part of executive-performance reviews, and executive sponsorship of resource groups is included in those goals. Resource groups are available to all employees, including hourly/shift workers. The company measures retention, business contributions and engagement of its resource-group members versus nonmembers. The CEO chairs the executive diversity council, which has rotational positions and signs off on diversity goals and metrics. All council members participate in the company’s formal mentoring programs, which have measurable goals for assessing success and formal follow-up. Cummins also offers cultural-awareness training for its mentors. There are formal sponsors for high-potentials from underrepresented groups, and opportunities for high-potentials are communicated in senior-level meetings. Cummins spends a high percentage of its total procurement with prime minority-owned business enterprises. Supplier-diversity results/metrics are reported to the CEO and senior leadership quarterly. Procurement-management compensation is also tied to successful supplier-diversity results. The company provides mentoring and financial assistance for its diverse suppliers, including sponsorships and/or educational advancement. |
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