No. 10 | Prudential Financial | DiversityInc Top 50

WHY THEY’RE ON THE LIST

KEY RESULTS


Employee ERG Membership: 34% higher than the Top 10 and double the Top 50 average

Mentoring by CEO and Direct Reports: 18.6% higher than the Top 10 and 49.6% higher than the Top 50

CEO Sign-Off on Executive Pay Tied to Diversity: 11.1% higher than the Top 10 and 22% higher than the Top 50

BEST PRACTICES

Prudential Financial continues to be a diversity and inclusion leaderunder the guidance of Chairman and CEO John R. Strangfeldand Vice President and Chief Diversity Officer Michele C.Meyer-Shipp.

Strangfeld signs off on executive compensation tied to diversity, meets with business resource groups (BRGs) quarterly and is a visible supporter of Newark, N.J., where Prudential is headquartered.

Prudential has seven national BRGs and more than 10 employee affinity groups. The groups have over 75 chapters across the U.S.

The company emphasizes talent development and has formal succession planning in place for underrepresented groups, as well as mandatory diverse slates for executive positions.

Success of the BRGs is measured by a twice yearly review of their performance in five critical areas: talent-sourcing support, professional development, business integration, community outreach and diversity awareness and education. Individual group leaders are assessed by their contributions to the organization, and feedback is provided to management.

DIVERSITY LEADERSHIP

John R. Strangfeld

Chairman and CEO

“Diversity and inclusion are foundational building blocks upon which we create a sustainable culture of talent, collaboration and innovation. Our leaders’ commitment and action in sustaining a diverse and inclusive workplace are an important part of what differentiates us both as an employer of choice and a leader in the marketplace.”

Michele C. Meyer-Shipp

Vice President and Chief Diversity Officer

“We are in the people business. People drive our workforce and comprise our customer base. Our people are a critical part of our culture one that values the collective wisdom of our employees, and gives us a competitive advantage as we aspire to be a magnet for talent, a trusted community partner, and a preferred brand.”

COMPANY FACTS

U.S. Headquarters: Newark, N.J.

Global Employees: 49,384

Last Year’s DiversityInc Top 50 Ranking No. 8

DiversityInc Lists

No. 3 Recruitment

No. 4Veterans

No. 7People with Disabilities

No. 12Diversity Councils

Latest News

Southern Company: Georgia Natural Gas Opens 10th Annual TrueBlue Community Awards Call for Entries

Originally published on southerncompany.com. Honor recognizes nonprofits supporting Georgia during COVID-19 and distributes grants to sustain continued efforts Georgia Natural Gas (GNG), Georgia’s leading natural gas provider, announces the call for entries for the 10th Annual TrueBlue Community Awards. This year, the awards will recognize hardworking Georgia nonprofits for their service providing COVID-19 relief…

Cori Bush

Multiple Congressmen ‘Accidentally’ Called Cori Bush, Missouri’s New Representative, ‘Breonna’; American Medical Association Classifies Racism as a Threat to Public Health; and More

Multiple congressmen “accidentally” called Missouri’s new representative Cori Bush  “Breonna” during Capitol event. Congresswoman-elect Cori Bush said she was stunned and hurt on the evening of Nov. 16, after a number of different Republicans called her “Breonna” during a new member orientation at the Capitol in Washington, D.C. Bush, who…

transgender, election

Meet 6 Transgender and Gender-Nonbinary Politicians Who Broke Ground in 2020

Despite the fraught nature of the 2020 presidential election results, victories at state levels put at least six transgender and nonbinary individuals in legislative positions. These small but significant gains for transgender visibility in politics came just before Transgender Awareness Week, which celebrates transgender people from Nov. 13–19 before Transgender…

Roger Ferguson to Retire as President and CEO of TIAA

Originally published on tiaa.org. TIAA, a leading provider of secure retirements and outcome-focused investment solutions to millions of people and thousands of institutions, said Roger W. Ferguson, Jr., intends to retire as President and CEO on March 31, 2021. The company’s Board and Mr. Ferguson believe it is an appropriate…

Justice Samuel Alito

Justice Samuel Alito Delivers Series of Highly Alarming Partisan Remarks; Racism Impairs Brain Performance, and More

Supreme Court Justice Samuel Alito delivers an alarming series of homophobic, partisan remarks. Supreme Court Justice Samuel Alito rarely makes public appearances, but when he does he apparently wants to make them count, being as irksome and controversial as possible — and completely disregarding the usual ethics required of judges…

Hershey: Leading With Empathy and Connection

Originally published on thehersheycompany.com by Katrina J. Briddell Manager, Global Sustainability & Social Impact There’s no denying: it’s been a tough year for everyone around the world. Here in the U.S., we’ve faced an unrelenting pandemic, mass movements for racial justice, raging wildfires, devastating hurricanes, and an election cycle that…