No. 16: Merck & Co.

Merck & Co. Logo
DiversityInc Lists

Also:

  • No. 3 in The DiversityInc Top 10 Companies for Asian Americans
  • No. 4 in The DiversityInc Top 10 Companies for People With Disabilities
  • No. 8 in The DiversityInc Top 10 Companies for Global Diversity
Why It’s on the List

Merck has been in the top half of the DiversityInc Top 50 since 2007 and on the list consistently since 2003. Chief Diversity Officer Deborah Dagit, a long-time national diversity leader, selects members of the executive diversity council, which is chaired by Chairman, President and CEO Kenneth Frazier.

Frazier personally signs off on diversity goals and metrics and meets with resource groups twice a year. Senior leaders see a third of their bonuses tied to diversity metrics, with factors such as cross-cultural mentoring, recruitment, promotions and retention of Blacks, Latinos, Asians and women and involvement in external organizations related to diversity.

Both resource groups and mentoring are available throughout the U.S. operations, with established metrics and accountability measures. Merck also has been a pioneer in establishing global resource groups and connecting them with the U.S. groups.

Particularly strong both for its industry and overall is the percentage of procurement spend directed toward minority- and women-owned businesses. Merck directs a combined 17 percent of its total procurement toward those businesses. These numbers, which are audited and promoted internally, reflect a considerable increase over last year and greater than 100 percent of its stated goals. Merck also has strong metrics for tracking the success of the supplier-diversity program, and it ties procurement-management compensation to results.

Diversity Leadership
Kenneth Frazier Photo Kenneth Frazier
CEO and President:”Merck recognizes that to achieve breakthrough science and innovation for years to come, we need the fullest possible range of ideas and experiences. By its very definition, innovation calls for not just welcoming new ideas but actively seeking out fresh, diverse perspectives and the people who have them.”
Deborah Dagit Photo Deborah Dagit
Vice President and Chief Diversity Officer:”Merck’s substantial and sustained commitment to global diversity and inclusion helps us deliver on our mission of saving and improving lives around the world. By leveraging the creativity of all our colleagues, we are better able to improve health outcomes globally.”
Company Information

U.S. Headquarters: Whitehouse Station, N.J.

Global Employees: 86,000

U.S. Employees: 33,271

Last Year’s DiversityInc Top 50 Ranking: No. 15