Allstate Named 2012 Best Company for Multicultural Women
Diverse workforce and commitment to inclusive diversity lands Allstate on top-25 list for last nine years.
- (1888PressRelease) July 10, 2012 - Working Mother magazine has selected Allstate Insurance Company as one the 25 "Best Companies for Multicultural Women" for their ability to hire, retain and advance multicultural women. Allstate landed a spot on this year's list based on a number of important factors, including hiring multicultural women for 32% of all open positions in 2011.
Allstate offers eight employee network groups that provide peer coaching and over 80 career advancement programs for employees throughout the country. The programs illustrate for employees everything from how to tackle workplace challenges, to the best ways to access industry experts. Recently, Allstate created a series of development sessions with the African American Working Network and Professional Latino Allstate Network on creating a professional presence and a series on making lasting connections.
"Allstate is committed to having a diverse workforce that is able to address contemporary challenges facing our industry," said Michael Escobar, vice president for diversity and inclusion at Allstate. "When a workforce mirrors the communities where we work and live, our company is more successful, our employees have a more rewarding experience, and our customers get the service they deserve."
For executive women, there are several new mentoring and leadership initiatives underway; around 1 in 10 multicultural women occupy management roles that make them bonus-eligible. Allstate also allows 90% of workers to flex their schedules.
"The Best Companies for Multicultural Women value the power of a diverse workforce and work hard to make sure their pipelines are filled with talented women of color," says Jennifer Owens, director of the Working Mother Research Institute. "Even beyond mentoring and networking programs, these companies are reaching out to professional and school groups and sponsoring recruitment events to attract the best multicultural female talent."
To learn more about Allstate's commitment to inclusive diversity visit:
http://www.allstate.com/social-responsibility/business-practices/diversity.aspx
Methodology
The Working Mother Best Companies for Multicultural Women were selected based on their answers to 391 questions on representation, hiring, attrition and promotion rates, recruitment, retention and advancement programs, and company culture. The Working Mother Research Institute created a scoring algorithm based on the previous year's benchmark results to determine the winners.
About Allstate Insurance Company
The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer, serving approximately 16 million households through its Allstate, Encompass, Esurance and Answer Financial brand names. Widely known by its slogan "You're In Good Hands With AllstateŽ," Allstate offers insurance products (auto, home, life and retirement) and services through Allstate agencies, independent agencies, and Allstate exclusive financial representatives, as well as via www.allstate.com and 1-800 AllstateŽ. As part of Allstate's commitment to strengthen local communities, The Allstate Foundation, Allstate employees, agency owners and the corporation provided $28 million in 2011 to thousands of nonprofit organizations and important causes across the United States.
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