Merck & Co.: No. 12 in the DiversityInc Top 50
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Company Information
U.S. Headquarters: Whitehouse Station, N.J. |
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Why It’s on the List
On the list for the 11th year in a row, Merck & Co. continues to create inclusive workplaces in the United States and globally. Chairman, President and CEO Kenneth Frazier signs off on executive compensation tied to diversity, meets quarterly with resource groups, and personally communicates his commitment to D&I through the company intranet and the corporate website. Almost all of his direct reports are executive sponsors of resource groups. Frazier chairs the executive diversity council, which meets quarterly. Succession-planning efforts include women, Blacks, Latinos and Asians. Merck has nine resource groups and all employees can join them. This includes groups for veterans, employees with disabilities, LGBT employees and allies, and groups based on religion. The groups are used for talent development, marketing to communities, recruitment and on-boarding, mentoring, and to assist in diversity-training initiatives. The groups focus on key business objectives, such as the Merck for Mothers campaign and health literacy. Merck has strong supplier-diversity efforts in place, including outreach to LGBT suppliers and veterans with disabilities. The company offers mentoring and financial education to suppliers. |
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