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| No. 21 |
MERCK & CO. |
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Industry: Pharmaceuticals
Main Competitors: Bristol-Myers Squibb, Pfizer, Sanofi-Aventis
U.S. Headquarters: Whitehouse Station, N.J.
Number of U.S. Employees: 60,000
Annual Revenue: $24.2 billion
% of Operations Outside U.S.: 39.29 |
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| SEARCH GREAT JOBS AT |
| Merck & Co. |
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Why It's on the Top 50: A Top 50 company since 2003, Merck is known for being a top employer for executive women and people with disabilities. Human Capital is its strongest category.
Diversity Strengths: Chairman, President and CEO Richard T. Clark gets high marks for CEO Commitment. He personally signs off on executive compensation tied to diversity in the form of bonuses, raises, stocks and options. He meets with Merck diversity leaders and key line executives quarterly to review key strategic diversity initiatives. He approves goals and achievements for supplier diversity. He sponsored the second annual Chairman's Global One Merck Diversity and Inclusion Award, recognizing individuals and teams from around the world.
The company has unbiased retention in both its work force and management, meaning it retains people at equal levels, regardless of race/ethnicity or gender. It has made strong progress in its Human Capital results. For example, 31 percent of new hires were Black, Latino, Asian or Native American and 53 percent of new hires were women, both representing progress from the previous year.
Last year, Merck launched its Global Constituency Group diversity-strategy model. Key leaders from the company examine both marketplace and workplace global strategies.
Merck successfully piloted the first of 10 global constituency models in May, the Women's Global Constituency Group. The company said this group "set the performance bar by which all other constituency groups will be measured and evaluated."
Richard T. Clark, Chairman, President and CEO: "At Merck, diversity and inclusion are integral to how we operate and what we stand for as a company. The leadership and diversity of our employees gives us a competitive edge in the global marketplace and enables us to deliver vital medicines and vaccines to address unmet medical needs. "
Deborah Dagit, VP and Chief Diversity Officer: "Merck has a long history of recognizing the power of diversity and creating synergies from the differences in experience, knowledge and background of our employees. We see diversity and inclusion as contributing to our business in important ways that help drive superior business performance and outstanding shareholder value."
More DiversityInc Articles on Merck & Co.:
An Inside Job? Merck's Diversity Chief Says Outside Factors Influence Success
Get 4 Business Benefits by Reading This
First Comes CEO Commitment
Helping Companies Find Students With Disabilities
Mentoring: Opening Doors and Minds
Can't Find 'Qualified' Diverse Executives? Your Requirements Are Exclusionary
Mental Illness: The Hidden Disability in the Workplace
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Richard T. (Dick) Clark
Chairman, President and CEO | | | | |
Deborah Dagit
Vice President and Chief Diversity Officer | | | | |
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