Huge Gains in Senior-Executive Diversity in DiverstyInc's 12th Annual List

Health Care Service Corporation Ranks No. 19 on the List

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May 01, 2012, 01:33 ET

CHICAGO, May 1, 2012 /PRNewswire/ -- The 2012 DiversityInc Top 50 Companies for Diversity list was announced last night, with Health Care Service Corporation named the No. 19 company. The list included companies from a wide range of industries, including consulting, retail, manufacturing and banking. The full list can be found at www.DiversityInc.com/top50.

In a breakthrough year, huge gains in diversity were seen at the senior-most levels. At the CEO level, companies in the 2012 DiversityInc Top 50 have twice the percentage of women as the Fortune 500, triple the percentage of Asians and four times the percentages of Blacks and Latinos. There also were significant year-to-year increases in the DiversityInc Top 50. For example:

36% more Blacks, Latinos and Asians in the top executive level (CEO and direct reports) vs. last year
7% more women in the top executive level vs. last year
15% more Blacks, Latinos and Asians on boards of directors vs. last year
13% more procurement with minority- and women-owned businesses vs. two years ago

"This is a transitional year," said Luke Visconti, CEO of DiversityInc. "We were struck by the change of diversity of the CEOs and managing teams of the companies on our list. It's much different from just five years ago. I see this as being a result of increasing emphasis at the most competitive companies, who link diversity management to creating a nimble and innovative corporate culture."

Health Care Service Corporation

"In addition to a female CEO, Patricia Hemingway Hall, Health Care Service Corporation has a very diverse board, an effective and accountable diversity-council model, and excellent supplier diversity," said Visconti. "This company is very community focused, with a third of its philanthropic spend going to multicultural nonprofits and 81 percent of its senior executives sitting on the boards of multicultural organizations."

In other awards announced by DiversityInc, Health Care Service Corporation also ranked:

No. 3 in The DiversityInc Top 10 Companies for Supplier Diversity

Methodology

A total of 587 companies participated in the 2012 DiversityInc Top 50 competition, up 11 percent from last year. Twelve percent more companies were able to answer every question on the 300-field survey, which is divided into four parts: CEO Commitment, Human Capital, Corporate and Organizational Communications, and Supplier Diversity.

The results are determined by statistical analysis. It is an independent editorial process and there is no fee to enter the competition and no requirement to conduct business with DiversityInc.

There has been significant movement on the list this year:

Twenty companies moved up in rank; 24 moved down; six kept the same ranking
Three companies moved on to the list from the 25 Noteworthy Companies list last year
Two companies came back to the list after falling off last year
Two companies made the list for the first time, one of which was a first-time participant

Surveys are sent out in October to all interested companies that have at least 1,000 employees, with a due date for an online submission of March 1. There is no fee to enter and companies that have business relationships with DiversityInc get no preference. Every company that fills out the survey receives a free report card assessing performance in the four areas measured. Any company interested in participating in 2013 should contact [email protected].

For information or interviews with Luke Visconti, contact [email protected].

SOURCE Health Care Service Corporation