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| No. 3 |
BANK OF AMERICA |
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Specialty Lists: No. 5 on The Top
10 Companies for Recruitment & Retention, No. 7 on The Top 10 Companies for
Supplier Diversity, No. 5 on The Top 10 Companies for Latinos
Industry: Financial Services
Main Competitors: Wachovia, Wells Fargo, Citigroup
U.S. Headquarters: Charlotte, N.C.
Number of U.S. Employees: 186,892
Annual Revenue: Revenue totaled $68 billion in 2007 while earnings were $15 billion.
% of Operations Outside U.S.: 10 |
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| Bank of America |
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Why
It's No. 3: A mainstay of the Top 50 list (and No. 1 last year), Bank of
America continues to make diversity a priority, even at a time when its industry
is facing upheaval over the subprime-mortgage mess. Bank of America is
particularly strong in Human Capital and Corporate and Organizational
Communications.
Diversity Strengths: Bank of America continues to
be a leader in unbiased retention of executives (meaning it is level across
race/ethnicity and gender) and in work/life programs, including My Work program,
in which associates can work in flexible work spaces closer to their homes. Bank
of America also offers up to $8,000 reimbursement per adopted child; onsite
child care, and reimbursement for both formal and informal child-care expenses
based on income.
The bank is strong on diversity metrics, including
diversity in line-of-business and individual-manager goals; associate survey;
internal and external benchmarking data, and customer-satisfaction
data.
Globally, Bank of America ensures that all of its employees
understand its values. The company says all associates, domestic or overseas,
are required to go through yearly ethics training, which also is part of its
global leadership model. The company also uses its intranet and broadcast
network globally to emphasize the commitment to diversity from senior
leaders.
Kenneth D. Lewis, Chairman and CEO: "Our
commitment to diversity is a commitment to individuals and to the team. It's
about creating an environment in which all associates can fulfill their
potential without barriers, and in which the team is made stronger by the
diverse backgrounds, experiences and perspectives of individuals. It's about
giving all of us--individually and together--the best possible chance to
succeed."
Geri Thomas, Global Diversity and Inclusion
Executive: "Being competitive and responsive in this global environment
demands diversity in people--in their experience, working styles and business
acumen. Diversity and inclusion are part of the bank's culture, and our
commitment is so strong that it exemplifies two of our core values: Doing the
right thing and inclusive meritocracy. To support this commitment, we've built a
broad, comprehensive program in which diversity is integrated into our core
business practices and operations."
More DiversityInc Articles on Bank
of America:
Absolute Values: 7 Vital Lessons Learned From the Top 50
Recruitment
Webinar
'My Hands in Everything': BofA's Geri Thomas
New Law
Mandates Diversity Training
Corporate
America Starts to Get It: Hiring Students With Disabilities
Attracting
Immigrants Via Wire Transfers
Should Tier II
Diversity Be Mandatory?
Gay-Friendly
Shopping: Who Makes the List?
Why Your
Company Needs Employee-Resource
Groups
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Kenneth D. (Ken) Lewis
Chairman, and CEO
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Geri Thomas
Global Diversity and Inclusion Executive
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© DiversityInc 2008 ® All rights reserved.
No article on this site can be reproduced by any means, print, electronic or any other,
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