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The DiversityInc Top 10 Companies for African Americans
Demonstrating how critical recruitment, promotion and retention of African Americans is to corporate success, the Top 10 Companies for African Americans span seven industries: telecommunications, banking, insurance, hospitality, auto, consumer products and media. While African Americans often have been the first group focused on when companies start to "get" the business case for diversity, their continuing importance as leaders, innovators, managers, employees and suppliers cannot be underestimated.
Here are some key points about the Top 10 Companies for African Americans:
Methodology To calculate this list, we looked at all demographic questions broken down by race/ethnicity in the Top 50 survey and pulled out black/African-American data. We also looked at the data for black/African-American men and women. Those demographics include work force, new hires, management in total and broken down by three levels—CEO and direct reports, direct reports to those direct reports, and all other managers—management promotions, and top 10 percent highest-paid employees. We factored in retention rates for blacks/African Americans compared with other groups. We also examined supplier diversity and the percentage of procurement budget going to minority-owned companies, as well as mentoring programs and financial assistance for diverse suppliers. Here are the 2007 DiversityInc Top 10 Companies for African Americans: No. 1: AT&T Also No. 3 on The 2007 DiversityInc Top 50 Companies for Diversity list and No. 3 for Recruitment & Retention A long-time Human Capital leader in every demographic, AT&T reports that 21 percent of its work force and 29 percent of its new hires are black/African American. In addition, 30 percent of the women in its work force and 14 percent of its managers are black/African American. No. 2: Wachovia Wachovia, which has steadily moved up the Top 50 in recent years, has very strong Human Capital demographics. Thirty percent of its new hires are black/African American and 19 percent of management promotions went to blacks/African Americans. No. 3: Verizon Another strong national diversity leader, Verizon has long had a focus on recruiting and retaining blacks/African Americans. The company reports that 20 percent of its board of directors are black/African American, as well as 20 percent of its total management and 28 percent of women managers promoted. No. 4: JPMorgan Chase Another long-time Human Capital diversity leader, the banking giant has a work force that is 18.5 percent black/African American and a female work force that is 23 percent black/African American. Twenty-two percent of new hires are black/African American. No. 5: General Motors Also No. 34 on The 2007 DiversityInc Top 50 Companies for Diversity list The automaker reports that 28 percent of the women in its work force are black/African American, as well as 11 percent of promotions in management. No. 6: PNC Financial Services Group Also one of DiversityInc's 25 Noteworthy Companies for 2007 In its first time competing, the company demonstrated strength in Human Capital, especially in this demographic. PNC reports that 19 percent of its boards of directors are black/African American, as well as 17 percent of its work force. No. 7: Pepsi Bottling Group Also No. 2 on The 2007 DiversityInc Top 50 Companies for Diversity list, No. 4 for Recruitment & Retention, No. 2 for Latinos and No. 10 for Executive Women The No. 2 company on the Top 50 list, Pepsi Bottling notes that 27 percent of its new hires are black/African American, as well as 9 percent of the top 10 percent highest-paid employees and 12 percent of the top 10 percent highest-paid female employees. No. 8: Cox Communications Also No. 25 on The 2007 DiversityInc Top 50 Companies for Diversity list The media company notes that 33 percent of its female new hires are black/African American and 17 percent of promotions in management went to blacks/African Americans. No. 9: Sodexho Also No. 13 on The 2007 DiversityInc Top 50 Companies for Diversity list This strong national diversity leader reports that 14 percent of promotions in management, 11 percent of its top 10 percent highest-paid employees, and 31 percent of new hires are black/African American. No. 10: Allstate A Top 50 mainstay, Allstate has a work force that's 17 percent black/African American and reports 21 percent of new hires are black/African American. In addition, 15 percent of promotions in management went to blacks/African Americans. |