GRDC News - September 2005
 

Four Council Members Cited by LATINA Style Magazine as Best Companies for Latinas to Work for in the U.S.

Four GRDC members have been cited by Latina Style Magazine for its Style 50 for 2005. Aetna, Eastman Kodak and Xerox were named to the Style 50. This is the second consecutive year Eastman Kodak Company has been named to the publication’s list. Bausch & Lomb received Honorable Mention.

This eighth annual LATINA Style evaluation will again set the standard for corporate America’s sensitivity to the needs and goals of professional Hispanic women in the workplace.

The LATINA Style 50 Report is the most respected evaluation of corporate America’s career development opportunities for Latinas. More than 800 of the most prominent corporations in the United States were included in the extensive search.

Companies responding to LATINA Style's questionnaire were evaluated based on issues that LATINA Style readers identified as most important to them in the workplace. Among the principal areas of evaluation were: number of Latina executives, mentoring programs, Latina board members, educational opportunities, alternative work policies, dependent/child care support, employee benefits, women’s issues, job retraining, affinity groups and Hispanic relations. Evaluations for the 2005 annual report were based on 2004 data.

Robert E. Bard, President and CEO of LATINA Style Magazine, says, “Slowly but surely, Latinas are making progress in climbing the corporate ladder. However, we still have a long way to go to achieve parity. As the only national Latina publication focusing on the needs and aspirations of professional Latinas, we have a duty to keep Hispanic women informed about corporate America's best employment practices. We have gone to great lengths to provide a reliable resource for Latinas to evaluate companies, so they can be confident that the 2005 LATINA Style 50 truly represents some of the best opportunities corporate America has to offer."

The number of Hispanic working women in the U.S. workforce exceeds seven million and the numbers continue to rise. LATINA Style 50 companies employ 3,340,240 employees, of those 204,289 are Latinas, representing 5.68 % of the total workforce of all the selected companies.

The 2005 company of the year is Charlotte based, Bank of America. At a time of corporate mergers and company downsizing, Bank of America managed to increase the number of Latinas in senior executive positions, vice presidents, and Latinas in the top 20% salary level. The LATINA Style 50 Best Companies have succeeded in recruiting and promoting highly talented, professional Hispanic women employees. “Once again this year, our data indicates that the LATINA Style 50 Index comprises of the LS50 Companies performed better than those of the S&P 500 companies, supporting evidence that a more diversified workforce makes better business sense,” added Bard.

An annual awards ceremony honoring the LATINA Style 50 Companies will take place on February 2, 2006 during LATINA Style’s Diversity Conference in Washington, D.C. For more information regarding the LATINA Style 50, please visit the magazine website at www.latinastyle.com.

Top 50 Companies for 2005

Aetna, Inc.
Allstate Insurance Company
American Airlines, Inc.
American Express Company
Avon Products, Inc.
Bank of America - Company of the Year
Burlington Northern Santa Fe Railway Company
Cingular Wireless LCC
Cisco Systems, Inc.
Citigroup Inc.
Coca-Cola Company
Colgate-Palmolive Company
DaimlerChrysler Corporation
Deloitte & Touche USA LLP
Eastman Kodak Company
Fannie Mae
Federated Department Stores, Inc.
Ford Motor Company
General Mills, Inc
General Motors Corporation
IBM Corporation
JPMorgan Chase & Co.
Knight Ridder, Inc.
Kraft Foods Inc.
Liz Claiborne, Inc.
Lucent Technologies Inc.
Marriott International, Inc.
McDonald’s Corporation
Merrill Lynch & Co., Inc.
Morgan Stanley
New York Life Insurance Company
PacifiCare Health Systems Inc.
PepsiCo, Inc.
Principal Financial Group, Inc.
Procter & Gamble Company
Prudential Financial, Inc.
Ryder System, Inc.
SBC Communications Inc.
Sears Holdings Corporation
Sodexho, Inc
Southern California Edison Company
State Farm Insurance Companies
Union Pacific Railroad Company
USAA
U.S. Bank
Verizon Communications
Wachovia Corporation
Wells Fargo & Company
Wyndham International
Xerox Corporation

 

Honorable Mention Companies
Affiliated Computer Services, Inc.
Bausch & Lomb
Consolidated Edison Company of New York, Inc.
Freddie Mac
Kellogg’s Company
MasterCard International
North County Health Services
United Technologies Corporation
Wal-Mart Stores, Inc.
Waste Management

 
 



 
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