MasterCard has been ranked in the top 10 of the DiversityInc Top 50 list for most diverse companies for three consecutive years. They have established 8 Business Resource Groups (BRGs) focused on developing diverse employee resource groups for women, minorities, veterans, and other groups. MasterCard believes that diversity drives collaboration, talent development and innovation. By creating an inclusive culture through these BRGs and ranking highly in diverse representation in management and leadership, MasterCard has positioned itself as an employer of choice and reaps business benefits such as insights into diverse customer markets.
MasterCard has been ranked in the top 10 of the DiversityInc Top 50 list for most diverse companies for three consecutive years. They have established 8 Business Resource Groups (BRGs) focused on developing diverse employee resource groups for women, minorities, veterans, and other groups. MasterCard believes that diversity drives collaboration, talent development and innovation. By creating an inclusive culture through these BRGs and ranking highly in diverse representation in management and leadership, MasterCard has positioned itself as an employer of choice and reaps business benefits such as insights into diverse customer markets.
MasterCard has been ranked in the top 10 of the DiversityInc Top 50 list for most diverse companies for three consecutive years. They have established 8 Business Resource Groups (BRGs) focused on developing diverse employee resource groups for women, minorities, veterans, and other groups. MasterCard believes that diversity drives collaboration, talent development and innovation. By creating an inclusive culture through these BRGs and ranking highly in diverse representation in management and leadership, MasterCard has positioned itself as an employer of choice and reaps business benefits such as insights into diverse customer markets.
MasterCard has been ranked in the top 10 of the DiversityInc Top 50 list for most diverse companies for three consecutive years. They have established 8 Business Resource Groups (BRGs) focused on developing diverse employee resource groups for women, minorities, veterans, and other groups. MasterCard believes that diversity drives collaboration, talent development and innovation. By creating an inclusive culture through these BRGs and ranking highly in diverse representation in management and leadership, MasterCard has positioned itself as an employer of choice and reaps business benefits such as insights into diverse customer markets.
for Inclusive Culture’ MasterCard “Our culture of inclusion has established us as a global company of empowered employees who use their diversity of thought, experience and background to advance innovation and MasterCard’s contributions to society.”
President & CEO
Ajay Banga MasterCard • Chief Diversity Officer Donna Johnson
• Formed 8 Business Resource
Groups for minorities and co- cultural groups
“We’ve built a culture that develops our employees
professionally and personally, making MasterCard a fantastic place to work. We distinguish ourselves as an employer of choice by encouraging employees to lead change through their skills and passions.” DiversityInc: MasterCard
• Diversity is their foundation
• It drives their collaboration, talent
development, and innovation
• Believe you need diversity to be
sure you are not “blinded to the same mistakes that you can otherwise make because you can only see things through one prism.” DiversityInc: MasterCard Glass Ceiling: A transparent, yet strong barrier preventing minorities from moving up the ladder.
• Management: 16% more women,
18.5% more Blacks, Latinos, and Asians than Top 50 average
• Senior leadership: 3 times more Asians,
59% more women, and 9% more Latinos than Top 50 average
• Great efforts to remove Glass Ceiling
and give all opportunity for professional development and career advancement DiversityInc: MasterCard • Its inclusive culture covers every group
• Expressed concern for LGBT after
“Religious Freedom Acts” and commits to eliminating discrimination of LGBT
• Provide benefits to same-sex couples
• Support and participate in PRIDE
events
• Oppose any laws or actions that
encourage or enable any Timeline to a Multicultural Organization A Multicultural Organization
• Instituting policies for
diversity, like the BRG’s, show MasterCard as a Multicultural Organization
• Since 2008, MasterCard
has been on the journey and has created 8 groups for women, minorities, and other groups Business Resource Groups WLN: Women’s Leadership Network • 1000 members, 36 locations
• Seeks to advance women’s
careers
• Mentoring and Coaching
• Reputational and financial
benefit to MasterCard Business Resource Groups EAST: Empowering Asian Employees for Success and Thought Leadership • Enhance understanding of trends in Asia and how dynamics impact business in the region
• Provide insight into
purchasing preference of Asian customers everywhere Business Resource Groups LEAD: Lifting Employees of African Descent • Create environment that attracts, promotes, and retains employees of African descent
• Give opportunity for
professional growth
• Provide insight into
purchasing preferences Business Resource Groups PRIDE: Gay, Lesbian, Bisexual, Transgender • Create environment of inclusiveness and respect
• Allow employees to be open about sexual orientation, gender identity, or expression
• Promotes equality
• Explore ways to reach out
to LGBT community Business Resource Groups Latin Network: Employees of Latin Descent • Brings together Latin American, Spanish, Portuguese, French, and Italian cultures
• Opportunity for professional
development and networking
• Creates shareholder value
through connection to Hispanic consumers Business Resource Groups YoPros: Young Professionals • Focus on developing and utilizing innovative skills of young professionals • Believe diversity encompasses generational differences and life stages • Play important role as influencers and drivers of business industries • Create network of young professionals that informs MasterCard’s business strategy, Business Resource Groups WWAVE: Workers with Accumulated Valued Experience • Focuses on diversity of background and experience
• Open to all employees
regardless of age or seniority
• Provide environment that
engages members and utilized their experience, talents, and value Business Resource Groups SALUTE • Global network of support for active and veteran military personnel and families
• Facilitates successful transition
into MasterCard’s corporate culture
• Provide opportunities for
professional growth Diverse Organization Opportunities
• Business Case for Diversity:
bottom-line benefits in diverse organization, especially when representative of the larger community
• MasterCard’s 8 BRG’s not only
help the employees, but it allows them insight into how to reach customers of these groups as well Diverse Organization Opportunities • Resource –Acquisition Argument: Companies develop reputations as prospective employers for minorities. Best reputations for managing diversity will win competition for best personnel. As labor pool changes, this will be beneficial. • MasterCard has reputation as a great place to work because of its diversity and inclusion. They will be more likely to acquire and keep employees, as people of minorities will seek them out. Works Cited MasterCard | DiversityInc Top 50. (2015). Retrieved March 29, 2016, from http://www.diversityinc.com/mastercard-worldwide/
MasterCard. (2016). Business Resource Groups.
Retrieved March 29, 2016, from http://www.mastercard.com/corporate/careers/busine ss-resource-groups.html
MasterCard. (2014). MasterCard Diversity and
Inclusion [Brochure]. Author. Retrieved March 29, 2016, from www.mastercard.com/diversity
