Growth in diversity

 

To serve a broad set of customer needs around the world, our employees must reflect the same diversity of individuals, families, businesses, and communities we serve. Through our Diversity Index, we track representation within our employee populations to ensure our organization continues to make progress in this area

At the end of 2016, women comprised 56.3% of our global workforce. That percentage held fairly steady at 54.3% at the end of 2021 with an average annual growth rate of –0.7%.

Illustration of two charts showing that as of 12/31/2021, the Principal Executive Management Group was composed of 58% men and 42% women, and the global employees were composed of 46% men and 54% women.

In the U.S., 925 of our employees identified as persons of color (POC) at the end of 2016—that’s only 9.2% of our total U.S. workforce of 10,033 employees. By the end of 2021, 1,564 employees identified as POC, or 13.6% of 11,479 employees in the U.S. workforce. That’s an average annual growth rate of 9.5% since 2016 and 13.9% growth rate from 2020 to 2021.

Illustration of two charts showing that as of 12/31/2020 the Principal U.S. employees were 88% white and 12% people of color, and as of 12/31/2021 the Principal U.S. employees were 86% white and 14% people of color.

We made these changes to enrich the diversity of thoughts and ideas infusing the work we do. But we recognize there’s more to be done.