No. 9 | Wells Fargo | DiversityInc Top 50

WHY THEY'RE ON THE LIST

KEY RESULTS

  • Blacks, Latinos and Asians on Board of Directors: 48.2% more than the Top 10
  • Women Among Those Promoted Into Management: 13.3% and 43.4% more than the Top 10 and Top 50, respectively
  • Level 2 Mentoring Participation: 72.6% more than the Top 50

BEST PRACTICES

Wells Fargo moves up three spots this year. The company has a strong commitment to recruiting and retaining veterans and currently employs 8,500 self-identified veterans. In 2014 the bank made a commitment to hire 20,000 veterans by 2020.

One way the company successfully hires veterans is by utilizing its “Hiring Our Heroes’ Military Translator.” The tool makes it easy for veterans to translate their military skills into job skills.
In 2016 Wells Fargo hosted its first Veterans Startup Pitch event. At the event, two veteran-founded startup tech companies received the opportunity to work with Wells Fargo in its innovation lab for 90 days.

The bank recognizes the value of veterans in the workplace at all career levels. “Wells Fargo has hired more than 1,400 veterans in the first nine months of 2016, and many of them were hired into leadership positions,” Andrew Barnes, diversity talent acquisition strategy – veterans segment, shared with DiversityInc. “Wells Fargo focuses on attracting veterans at different stages of their civilian careers, and we are proud to recruit veterans for leadership positions and leadership development programs.”

DIVERSITY LEADERSHIP

Tim Sloan

CEO & President

“A core aspect of our company’s culture is our focus on diversity and inclusion. This includes our commitment to expanding development opportunities for our team members and driving social inclusion in our communities. Our business benefits from the creativity and innovation that come from multiple perspectives, which allows us to respond quickly and effectively to customer and community needs.”

Jimmie Paschall

Executive Vice President, Head of Enterprise Diversity & Inclusion and Strategic Philanthropy

“At Wells Fargo, diversity and inclusion is a business imperative. The goals of our D&I strategy are to attract, develop and retain the most diverse group of talent, so that we can better serve our customers and the marketplace. We support local economies by developing and using diverse suppliers, and by providing philanthropic support to nonprofit organizations that serve diverse communities.”

COMPANY FACTS

WFC (NYSE)

U.S. Headquarters: San Francisco, Calif.

Global Employees: 279,793

Last Year’s DiversityInc Top 50 Ranking • No. 12

 

OTHER DIVERSITYINC LISTS

• No. 10 Diversity Councils
• No. 13 Veterans
• LGBT Employees