Proof of its commitment to preserving and creating diversity programs from the corner office to the cubicle, American Express has been named to the Working Mother 2011 Best Companies for Multicultural Women. Honoring companies that dedicate themselves to bringing more perspectives to the decision-making table by holding managers accountable for recruiting, retaining and promoting multicultural women, the Best Companies for Multicultural Women is part of the renowned Best Companies program, setting new benchmarks among companies like American Express. One of only 23 companies featured on the list, this is the 9th year that American Express has been named a Best Companies for Multicultural Women by Working Mother.
"With the hiring of multicultural women outpacing losses for the fourth year in a row, the Best Companies for Multicultural Women are proactively cultivating a workforce that takes advantage of our country's diverse cultural make-up," said Carol Evans, President, Working Mother Media. "By implementing strategic programs and practices to support talented multicultural women on their path to success, this year's Best Companies for Multicultural Women are employing a full-court press to ensure the success of their businesses."
American Express and the rest of this year's Best Companies for Multicultural Women employ hallmark policies to ensure multicultural women's advancement, including:
- Mentoring programs that include job shadowing opportunities for cross-functional exposure targeted to multicultural women employees
- Career counseling and guidance from senior leaders to female multicultural employees to help orchestrate career plans, gain access to key assignments and enhance their knowledge of what it takes to advance
- Executive diversity groups to grow knowledge of inclusion practices
- Regional conferences to actively seek out female professionals and underrepresented minorities
- Diversity and inclusion goals built into managers' performance objectives
A leader in global payments, American Express is the largest card issuer by purchase volume and operates a worldwide network that processes millions of merchant transactions daily. American Express is an industry leader for diversity initiatives, with efforts for promoting women and minorities being recognized on a variety of leading industry publications including the Working Mother 100 Best Companies and Working Mother Top Company for Female Executives.
"We are honored to once again be recognized on the Best Companies for Multicultural Women list," said Jennifer Christie, Chief Diversity Officer, American Express. "American Express is very proud of the heritage that we have for attracting and developing a diverse employee base. It is critical to our success as a company and a member of our community."
Working Mother will honor each of the Best Companies for Multicultural Women at the ninth annual Multicultural Women's National Conference in New York City on July 19-20. This two day national conference, titled "Engage. Influence. Lead." will build on Working Mother Media's history of hosting and facilitating a national conversation about where race and gender meet in the workplace.
The 2011 Best Companies for Multicultural Women is chronicled in the June/July 2011 issue of Working Mother magazine. Extended coverage can be found at workingmother.com. Working Mother Media is a division of global media company Bonnier Corporation.
Best Companies for Multicultural Women Methodology: To be considered for Best Companies for Multicultural Women, each company applied and supplied Working Mother with 2010 data about the hiring, pay and promotion of multicultural employees. The application focused on representation of multicultural women; recruitment; retention and advancement programs; and company culture. An independent survey research firm tabulated the scores.
About Working Mother Media
Working Mother magazine reaches 2.2 million readers and is the only national magazine for career-committed mothers; WorkingMother.com (www.workingmother.com) gives working mothers @home and @work advice, solutions, and ideas. This year marks the 26th anniversary of Working Mother's signature research initiative, Working Mother 100 Best Companies, and the ninth year of the Best Companies for Multicultural Women. Working Mother Media, a division of Bonnier Corporation (www.bonnier.com), includes the National Association for Female Executives (NAFE, www.nafe.com), Diversity Best Practices (www.diversitybestpractices.com), and the Working Mother Research Institute. Working Mother Media's mission is to serve as a champion of culture change.
About American Express
American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, twitter.com/americanexpress and youtube.com/americanexpress.