MasterCard, Target & Comcast: Your How-To Guide for Executive Resource-Group Sponsorship

While almost all (98 percent) ofThe DiversityInc Top 50 Companies for Diversityhave senior-executive sponsors for theirresource groups, DiversityInc has found that there is often very little formal training provided, and executives are expected to be successful in this role based on the leadership skills they have developed over the course of their careers. Many DiversityInc corporate partners have asked for a guide to being an effective executive resource-group sponsor.


Synopsis: A Guide to Effective Resource-Group Executive Sponsorship

Written by DiversityInc Vice President of Consulting Debby Scheinholtz, the Guide to Effective Resource-Group Executive Sponsorship is a comprehensive report that features DiversityInc data as well as interviews with chief diversity officers from six companies that excel at managing effective resource groups. Featured companies include:

You can read an excerpt from the 1,663-word article below. The Guide to Effective Resource-Group Executive Sponsorshiparticle is available at BestPractices.DiversityInc.com.

What’s an Executive Resource-Group Sponsor

Executive resource-group sponsorsusually direct reports to the CEO or members of the senior-leadership teamgive resource groups business influence within their companies.

  1. Who is Eligible for Executive Sponsorship

    Executive resource-group sponsorsare usually at the highest level of the companymost often direct reports to the CEO.

  2. How Are Executive Sponsors Selected

    The chief diversity officer often selects sponsors from among the senior-leadership team. Alternatively, resource groups may request a particular sponsor or a potential sponsor may request a specific group.

  3. Do Executive Sponsors Serve for a Defined Term

    Some companies allow executive sponsors to serve indefinitely. In cases where terms are limited, they usually last a minimum of two years to allow for a ramping-up period and time to produce results.

  4. What Qualities Do Chief Diversity Officers Look for in Executive Sponsors

    The people we interviewed tell us that along with a senior-leadership role, executive sponsors should help the resource group align its goals with business objectives and strategies, help members navigate the corporate culture, and introduce group members to the right contacts to help them achieve their goals. Having emotional intelligence is also important.

  5. What Type of Training Should Executive Sponsors Receive

    DiversityInc’s white paper on resource groups found that 89 percent of companies surveyed train their executive sponsors in advance. The most prevalent type of diversity training is cultural-competency training, but some companies offer leadership training as well.

  6. Are Sponsors Always Cross-Cultural

    It is highly recommended that executive resource-group sponsors be cross-cultural, based on data analysis of results (promotions, engagement) and anecdotal evidence.

  7. Are Executive Sponsors Compensated or Rewarded for their Roles

    At the six companies whose CDOs we interviewed, executive sponsors receive no additional compensation for their role. The performance goal is tied to assessment and overall performance rating, but other activities can also satisfy this goal.

Read The Guide to Effective Resource-Group Executive Sponsorshiparticle at BestPractices.DiversityInc.com and get practical, takeaway examples from MasterCard Worldwide, Health Care Service Corporation (HCSC), Target, Northrop Grumman, Rockwell Collins and Comcast Corporation.

Latest News

Hershey’s Joins Jet-Puffed and Honey Maid Brands Make National S’mores Day Extra Sweet By Giving Back $50,000 To Small, Local Restaurants

Originally published on thehersheycompany.com. Summer screams S’mores, but this year it is screaming louder than ever with approximately 10M more of the classic treat made this year compared to last1. With many of America’s beloved restaurants closed due to quarantine orders or limited in capacity due to social distancing, Americans…

Humana

Humana Ranks #1 for Customer Satisfaction for Mail Order in J.D. Power Pharmacy Study for Third Year in a Row

Originally published on Humana.com.  LOUISVILLE, Ky.–(BUSINESS WIRE)– Humana Pharmacy, a division of Humana Inc. (NYSE: HUM), has been named the best in Mail Order Pharmacy customer satisfaction in the J.D. Power 2020 U.S. Pharmacy Study. It’s the third consecutive year that Humana has received the prestigious honor. The study ranks…

New Jersey, Hair, Discrimination, discriminate

3 Powerful Career Advice Tips for Women in Tech

Working as a woman in tech can have its challenges, especially since the industry is still male-dominated.  Though women make up half (50%) of all U.S. workers in STEM occupations, according to research, however, Black and Hispanic workers continue to be underrepresented in the STEM workforce. Black professionals represent only…