To create more innovative, productive, and resilient enterprises organizations need diversity, equity, and inclusivity (DEI) to bring unique perspectives and ideas. DEI contributes to equality of opportunity and treatment in the workplace at all stages of the employment relationship, including recruitment, retention, promotion, remuneration, and access to training and skills development.
Over the past three decades, the gender gap in organizations has narrowed, attributed to labour mobility worldwide. There has been an increasing global awareness that all workers have a right to a dignified and respectful workplace irrespective of their sexual orientation and ethnicity, which helps to promote an open and inclusive workplace. However, labour market disruption due to the COVID-19 has had devastating consequences globally. According to International Labour Organization (ILO), women’s employment declined by 5% globally in 2020 compared with around 4% for men.
Banks are reporting diversity and inclusivity to ensure a more equitable and inclusive workplace for all genders and backgrounds. A diverse workforce benefits companies and banks by attracting new customers as people want to do business with institutions that share their values.
U.S. Bancorp (U.S. Bancorp) is a diversified financial services company that offers retail and commercial banking, private banking, and wealth management solutions through its subsidiaries. In 2021, the company reported 56.6% women participation in its workforce, a decrease of 0.2 percentage points over 2020. Representation of women in the company at the senior management level was 32.1% in 2021.
In 2021, the representation of Asian employees in the US workforce was 10.1% which increased by 0.6 percentage points over 2020. Black & African American and Hispanic & Latino employees represented 9.9% and 9.5% of the US workforce, respectively.
U.S. Bancorp launched the High Impact Development Program which focuses on growing the leadership pipeline of women and people of color. The program creates increased visibility and connections with executive leadership, meaningful learning, and development opportunities, robust action plans, and cohort networking/peer support.
United States of America
United States of America
United States of America
United States of America
China
United States of America
United States of America
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