Top 10 Companies for Asian Americans
Diversity Inc released its Top 10 companies for Asian Americans. This is not to be confused with the Top 50 Companies for Diversity® list released last month.
Of all the 401 applicants to The 2009 DiversityInc, the companies on this specialty list have demonstrated a long-term commitment to hiring, retaining, compensating and promoting Asian Americans. They looked at the ratio of Asian Americans in management to Asian Americans being promoted, as in many corporations Asian Americans still are siloed in technical/professional roles and not put in the pipeline for top management.
They also looked at the strength and purpose of the company’s employee-resource groups for Asian Americans, its mentoring program, its philanthropic and scholarship efforts in the Asian-American community, and its relationships with MBEs (minority business enterprises) as suppliers.
No. 1: Abbott, No. 16 in the DiversityInc Top 50
Abbott gets a perfect score for its mentoring best practices, including training and formal follow-up to assess results. Fourteen percent of its U.S. work force and 17 percent of its new hires are Asian American.
No. 2: Wells Fargo & Co., No. 31 in the DiversityInc Top 50
Also No. 8 in The DiversityInc Top 10 Companies for Recruitment & Retention; No. 2 in The DiversityInc Top 10 Companies for LGBT Employees; and No. 10 in The DiversityInc Top 10 Companies for Latinos
The 17-member board of directors has an Asian-American member. The bank spends 22 percent of its philanthropic endeavors on multicultural nonprofits, including Asian Pacific Rim Foundation and Asian and Pacific Islander American Scholarship Fund.
No. 3: American Express Co., No. 13 in the DiversityInc Top 50
Also No. 1 in The DiversityInc Top 10 Companies for Recruitment & Retention and No. 5 in The DiversityInc Top 10 Companies for Executive Women
Asian Americans are 10 percent of U.S. managers but receive 19 percent of management promotions. The company has a strong Asian-American employee-resource group called Asian Network at Amex (ANA).
No. 4: IBM Corp., No. 10 in the DiversityInc Top 50
Also No. 1 in The DiversityInc Top 10 Companies for People With Disabilities; No. 2 in The DiversityInc Top 10 Companies for Supplier Diversity; No. 4 in The DiversityInc Top 10 Companies for LGBT Employees; and No. 2 in The DiversityInc Top 10 Global Diversity Companies
The 12-member board of directors has one Asian-American member. Chairman, CEO and President Sam Palmisano was co-chair of the 2008 Asian Leadership Summit.
No. 5: Johnson & Johnson, No. 1 in the DiversityInc Top 50
Also No. 4 in The DiversityInc Top 10 Companies for Recruitment & Retention; No. 2 in The DiversityInc Top 10 Companies for Executive Women; and No. 10 in The DiversityInc Top 10 Companies for LGBT Employees
The 11-member board of directors has one Asian-American member. Asian Americans are 11.6 percent of the work force and 11.7 percent of all managers.
No. 6: Sempra Energy, No. 5 in The DiversityInc Top Regional Utilities
One if its 12 board members and one of the seven reports to the CEO are Asian American.
No. 7: Colgate-Palmolive, No. 27 in the DiversityInc Top 50
Also No. 7 in The DiversityInc Top 10 Global Diversity Companies and No. 6 in The DiversityInc Top 10 Companies for Executive Women
Asian Americans are 9.4 percent of U.S. managers but received 11.1 percent of management promotions.
No. 8: Bayer, No. 9 in The DiversityInc Top 10 Global Diversity Companies
In the United States, the company has a 10 percent Asian-American work force and 10 percent Asian-American management, indicating strong retention and talent development.
No. 9: Deloitte, No. 33 in the DiversityInc Top 50
Also No. 6 in The DiversityInc Top 10 Global Diversity Companies
Asian Americans are 14.5 percent of all U.S. managers and 8.4 percent of the direct reports to CEO Barry Salzberg.
No. 10: HP, one of DiversityInc’s 25 Noteworthy Companies
The company has two strong Asian-American employee-resource groups: the HP Asian Pacific Employee Network (HAPEN) and the HP California India Association. Eleven percent of its employees and 11.7 percent of its managers in the United States are Asian Americans.