DTCC has today been named by Seramount as one of 2021’s Best Companies for Multicultural Women.
This honor recognizes organizations that create and use best practices in hiring, retaining and promoting multicultural women in the US across many different industries, including: financial services, pharmaceuticals, professional services, retail and apparel, science & technology, telecommunications and utilities. The full list can be found here.
The Best Companies for Multicultural Women criteria includes more than 250 questions on representation; hiring, attrition and promotion rates; recruitment, retention and advancement programs; and company culture.
Key findings of the 2021 Seramount report include:
- Formal sponsorship with senior leaders is one of the most essential ways to advance multicultural women. Sixty-eight percent of the 2021 winners offer formal sponsorship (versus 18 percent of nonwinners), and 61 percent offer cultural competence training for sponsors and/or proteges (versus 14 percent of nonwinners). Mentoring with a diversity, equity and inclusion lens is crucial.
- 75 percent of the 2021 winning companies have specific anti-racism training (versus 45 percent of nonwinners); CEOs have led organized discussions on racism at 65 percent of the 2021 winners (versus 45 percent of nonwinners); and 89 percent have specific programs to address racial trauma (versus 57 percent of nonwinners).
- Accountability and leadership involvement are critical in advancing diversity, equity and inclusion (DE&I goals. Ninety-five percent of the 2021 winning companies hold managers accountable for DE&I as part of their annual performance reviews (versus 43 percent of nonwinners), and CEOs oversee or approve management compensation tied to diversity goals, at 75 percent of the winning companies (versus 20 percent of nonwinners).
Seramount is a strategic professional services firm dedicated to advancing diversity, equity and inclusion in the workplace, and tracks those organizations which create cultures that encourage multicultural women to join and rise through the ranks.
Participation in this listing has increased over the last five years and Seramount attribute it to increased hiring and promoting women of color, as well as improvement in the types of questions asked, especially the specific evaluation of women at each level by individual race and ethnicity, and the introduction of questions on anti-racism efforts.