The annual ranking of the top 50 companies for diversity was released by DiversityInc this week, and for the second year in a row, Novartis Pharmaceuticals took the top spot.
I always say, “A diverse team is a strong team,” but it’s important to remember that diversity doesn’t only refer to gender, ethnicity, and so on. A diverse team will include members with different skills, knowledge, experience, and education. The DiversityInc ranking doesn’t focus on all of those factors, and it only ranks companies with more than 1,000 U.S.-based employees that submit a completed questionnaire.
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In total, 1,000 companies participated in the 2015 ranking. The survey included 300 questions and analyzed 183 factors. Those factors were weighted and measured in four areas: talent pipeline, talent development, CEO/leadership commitment, and supplier diversity.
Data for the Most Diverse Companies
Diversity drives better business results, and the data from DiversityInc’s ranking proves it. According to the data, the top 50 companies in the DiversityInc ranking significantly outperform the Dow Jones Industrial Average and the S&P 500 on both a short and long-term basis. This isn’t a new finding. It’s been the trend for years.
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Just how diverse are these companies? Compared to the U.S. corporate average, the top 50 companies have 20% more Blacks, Latinos, and Asians in management and 13% more women. The top 10 companies are even more diverse with 41% more Blacks, Latinos, and Asians in management positions and 46% more women.
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The Top 10 Companies for Diversity in 2015
Here are the top 10 companies for diversity in 2015 according to the DiversityInc ranking. Follow the link at the beginning of this article to view the full list of the top 50 companies for diversity as well as a number of specialty lists like the top 10 companies for global diversity, the top 10 companies for recruitment, and the top 10 companies for mentoring.
- Novartis Pharmaceuticals Corporation
- Kaiser Permanente
- MasterCard Worldwide
- Prudential Financial
- Johnson & Johnson
- Procter & Gamble
Research shows again and again that diverse teams drive better results, but I think it would be even more interesting to see how these companies rank based on diversity within specific departments. For example, are the human resources and software development teams equally diverse? What do you think?