No. 10 | Prudential Financial | DiversityInc Top 50
WHY IT’S ON THE LIST
• Employee ERG Membership: 34% higher than the Top 10 and double the Top 50 average
• Mentoring by CEO and Direct Reports: 18.6% higher than the Top 10 and 49.6% higher than the Top 50
• CEO Sign-Off on Executive Pay Tied to Diversity: 11.1% higher than the Top 10 and 22% higher than the Top 50
Prudential Financial continues to be a diversity and inclusion leader under the guidance of Chairman and CEO John R. Strangfeld and Vice President and Chief Diversity Officer Michele C. Meyer-Shipp.
Strangfeld signs off on executive compensation tied to diversity, meets with business resource groups (BRGs) quarterly and is a visible supporter of Newark, N.J., where Prudential is headquartered.
Prudential has seven national BRGs and more than 10 employee affinity groups. The groups have over 75 chapters across the U.S.
The company emphasizes talent development and has formal succession planning in place for underrepresented groups, as well as mandatory diverse slates for executive positions.
Success of the BRGs is measured by a twice yearly review of their performance in five critical areas: talent-sourcing support, professional development, business integration, community outreach and diversity awareness and education. Individual group leaders are assessed by their contributions to the organization, and feedback is provided to management.
Chairman and CEO
“Diversity and inclusion are foundational building blocks upon which we create a sustainable culture of talent, collaboration and innovation. Our leaders’ commitment and action in sustaining a diverse and inclusive workplace are an important part of what differentiates us both as an employer of choice and a leader in the marketplace.”
Michele C. Meyer-Shipp
Vice President and Chief Diversity Officer
“We are in the people business. People drive our workforce and comprise our customer base. Our people are a critical part of our culture — one that values the collective wisdom of our employees, and gives us a competitive advantage as we aspire to be a magnet for talent, a trusted community partner, and a preferred brand.”
U.S. Headquarters: Newark, N.J.
Global Employees: 49,384
Last Year’s DiversityInc Top 50 Ranking • No. 8
• No. 3 Recruitment
• No. 4 Veterans
• No. 7 People with Disabilities
• No. 12 Diversity Councils