The DiversityInc Top 50, unveiled April 23, used improved methodology to rank an increasingly competitive set of companies that are using diversity management to attract and retain a global, multicultural workforce and gain market share.
It also marked the return of the DiversityInc Stock Index, which had been used for four years before the subprime crash but was discontinued when the prevalence of banks on the list caused it be noncompetitive. The 2013 Stock Index, again calculated by Samuel A. Ramirez & Company, Inc., outperformed the Dow Jones Industrial Average and S&P 500 on a one-, three- and five-year basis.
The DiversityInc Top 50 survey is also used to determine our 14 specialty lists, including our new Top 10 Companies for Veterans list and the Top 10 Hospital Systems list, which takes on greater importance this year under the transformations created by the Affordable Care Act.
The DiversityInc Top 50 is a purely editorial process. Doing business with DiversityInc does not in any way impact ranks. Participation is free, and this year, 893 companies participated in the survey process.
The Top of the List
Sodexo, the No. 1-ranked company, is the only company to ever be in the top 2 four years in a row. PricewaterhouseCoopers, the No. 2 company, is a world-class leader in talent development and philanthropy. The other companies in the top 10 this year, in order, are: Kaiser Permanente, Ernst & Young, MasterCard Worldwide, Novartis Pharmaceuticals Corporation, Procter & Gamble, Prudential Financial, Accenture and Johnson & Johnson.
Progress This Year
Our use of SAS software has allowed us to measure more human-capital ratios and correlate the progress of initiatives such as mentoring and resource groups directly to human-capital results.
This year, 24 companies went up in rank, six moved onto the list from the 25 Noteworthy Companies list (companies our senior editorial staff believes have potential), and four others came on to the list, including one first-time participant, TIAA-CREF. Conversely, 14 companies declined in rank and two had the same rank as last year.
Overall, there has been demonstrable progress. The 2013 DiversityInc Top 50 Companies have:
- 76% more Blacks, Latinos and Asians on their boards of directors than the Fortune 500
- 54% more women on their boards of directors than the Fortune 500
- 43% more women in the top level (CEO and direct reports) than the Fortune 500
- 16.6% more Blacks, Latinos and Asians in the top level (CEO and direct reports) than the Fortune 500
- 14 times more CEOs who are Black, Latino or Asian than the Fortune 500 (16% of Top 50 CEOs are Black, Latino or Asian vs. 1.2% for the Fortune 500)
For the full list and more information about the DiversityInc Top 50 survey, click here. The 2014 surveys are due in late February.