The DiversityInc Top 50 Companies for Diversity list began in 2001, with each participating company assessed on its own performance and also versus all competitors in four key areas of diversity management: the talent pipeline; talent development; leadership accountability; and supplier diversity. In awarding the bank a spot on the list, DiversityInc pointed to the following:
Houston: We value the diversity of our workplace, our customers, vendors, and the communities that we serve.
“We value the diversity of our workplace, our customers, vendors, and the communities that we serve,” said the bank’s Chief Talent & Culture Executive Rosilyn Houston. “We are thrilled that our commitment to diversity and inclusion is being publicly recognized, because it will help further attract and retain top talent to the bank while creating increased employee engagement and satisfaction.”
Research shows that diverse and inclusive companies perform better, lead in innovation, and produce more revenue. An inclusive environment is linked to lower levels of employee turnover, faster problem solving, and a higher degree of creativity. Conversely, companies in the bottom quartile for both gender and ethnic/cultural diversity were 29 percent less likely to experience profitability above the industry average.
DiversityInc’s annual survey considers workplace practices, talent programs, leadership accountability, supplier diversity, philanthropy, and talent results. The organization also considers the rates of hiring, retaining and promoting women, minorities, people with disabilities, veterans, and members of the LGBTQ community.
BBVA Compass Director of Communications and Responsible Business in the U.S. Reymundo Ocañas reiterated the bank’s long-term commitment to workplace diversity.
Ocañas: This year’s score reinforces [the] ongoing commitment to creating a more diverse workplace.
“Our inclusion in the 2017 Top 50 recognized the bank’s hard work and rededication to workplace diversity and inclusion,” said Ocañas, whose team helps steer the bank’s overall diversity and inclusion efforts in partnership with the Talent & Culture and Procurement areas. “This year’s score reinforces that ongoing commitment to creating a more diverse workplace, not just because it’s the right thing to do but because it’s also good for business. I hope it serves as a strong signal to people already working at the bank and those considering doing so that we value them and want them to bring their authentic selves to work.”
This is the second time the bank has been recognized for its diversity efforts in the US in 2019. Earlier this year, the bank scored a perfect 100 on the 2019 Corporate Equality Index, the Human Rights Campaign’s measure of LGBT-inclusive policies at some of the nation’s largest workplaces. The U.S. unit of the global financial services group did so in part on the strength of its workplace diversity and inclusion training program and the establishment of a Diversity Council to steer the bank’s long-term inclusion efforts, among other things.
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