WHY IT’S ON THE LIST
For the third year in a row, TIAA-CREF makes the list. Led by President and CEO Roger Ferguson, Jr., the financial-services organization continues to make strides in diversity-and-inclusion practices and employee resource groups.
Ferguson affirms that in order to sustain long-term success, diversity and inclusion must be business imperatives. He leads an inclusive culture at TIAA-CREF, which includes mentoring programs for new managers and emerging leaders. Diverse slates for senior executives are mandatory, which is particularly relevant as the company uses external recruiters to fill many top slots. He also signs off on executive compensation tied to diversity goals and meets regularly with employee resource groups.
At TIAA-CREF, employee resource groups are used for recruiting, talent development, marketing, on-boarding and diversity training. The company believes it’s important for each group to have specific objectives.
Therefore, charters require that each group has to have support from two executive sponsors and has to have a national chairperson. TIAA-CREF also urges its groups to innovate as part of their charters. The company also measures employee engagement of group members versus those who are not members to assess progress.
President and CEO
“Diversity and inclusion is integral to who we are as a company and who we’ve always been. For us, it’s not just a nice to have. It’s a must. A diverse workforce helps us better understand and address the needs of our customers. It brings a range of experiences and perspectives to the table, which leads to more innovative thinking and better problem-solving.”
Vice President and Chief Diversity & Inclusion Officer
“At TIAA-CREF diversity and inclusion is deeply woven into our culture—and while we’re proud to be counted among the most diverse companies, we don’t ever take it for granted. It’s something you continually need to keep a close eye on. It will always be a top priority for us because we’ve seen the impact it can have for our employees and our business.”
U.S. Headquarters New York City
U.S. Employees 10,500
Last Year’s DiversityInc Top 50 Ranking • No. 36