Allstate Insurance Company Recognized as a Top Company for Diversity, African-Americans and Recruitment and Retention.
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NORTHBROOK, Ill.--(BUSINESS WIRE)--April 19, 2004
For the third consecutive year, DiversityInc has named Allstate Insurance Company to the "Top 50 Companies for Diversity" list. Allstate was also recognized as a Top 10 Company for African-Americans and a Top 10 Company for the Recruitment and Retention of diverse employees.
"Allstate earned their recognition. This year the number of companies considered for this honor doubled and Allstate still remains a leader in diversity best practices," said Luke Visconti, partner/co-founder DiversityInc.
Allstate was the only Illinois based company to make it to the Top 10 list for African Americans African American Multiculture A person having origins in any of the black racial groups of Africa. See Race. and one of two Illinois based companies to make it to the Top 10 list for Recruitment and Retention. Allstate was one of four Illinois based companies to make it to the Top 50 list.
"For our company to grow and succeed, it's critical that every Allstate employee understand the importance of diversity," said Edward M. Liddy Edward M. Liddy is Chairman, President and Chief Executive Officer of The Allstate Corporation. He is currently on the Board of 3M, Goldman Sachs and The Kroger Company.
• • , chairman, president and chief executive officer, The Allstate Corporation. "By valuing differences, we'll be stronger and more productive internally and we'll be better equipped to develop relationships with emerging markets."
Women make up 60.4% and minorities 28.6% of Allstate's 40,000-employee workforce. Of notable significance to DiversityInc magazine was Allstate's ability to recruit and retain a diverse workforce.
"At Allstate, diversity is a business strategy to gain a competitive advantage in the marketplace and workplace," said Lilly Eng, Allstate director for diversity and worklife programs. "By leveraging differences, we are able to attract and retain the best talent, drive high performance, provide tailored service to a diverse customer base and strengthen our corporate brand in the marketplace and labor market labor market A place where labor is exchanged for wages; an LM is defined by geography, education and technical expertise, occupation, licensure or certification requirements, and job experience ."
Allstate demonstrates their commitment to diversity in several ways:
-- Diversity training is mandatory for all employees.
-- Employee perceptions on diversity and the work environment are
measured through an annual employee survey.
-- Allstate's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. regularly communicates the importance of
diversity through Allstate publications, videos and employee
-- Affirmative action affirmative action, in the United States, programs to overcome the effects of past societal discrimination by allocating jobs and resources to members of specific groups, such as minorities and women. is integrated into employee processes such
as succession management, recruitment and leadership
-- Senior leadership is held accountable for affirmative action
results through performance management.
-- Allstate has a strong recruitment program for minorities
working closely with higher education higher education
Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. institutions that have a
diverse student enrollment. Allstate executives also take
active roles on the boards of some of these institutions.
-- Allstate's Center for Assistive Technology Hardware and software that help people who are physically impaired. Often called "accessibility options" when referring to enhancements for using the computer, the entire field of assistive technology is quite vast and even includes ramp and doorway construction in buildings to support supports disabled
employees with technological needs.
Adoption assistance, flexible hours, the ability to work at home and/or telecommute See telecommuting. , job sharing job sharing
an arrangement by which a job is shared by two part-time workers
job sharing job n → Jobsharing nt, Arbeitsplatzteilung f , on-site child care and dependent care benefits are some of the worklife programs that help Allstate to recruit and retain a diverse workforce.
In addition, Allstate's diverse workforce helps it to better serve and attract its diverse customer base. Allstate is one of the first property & casualty insurance companies to aggressively seek growth in the emerging markets. There are now more than 3200 Allstate agencies that speak languages other than English LOTE or Languages Other Than English is the name given to language subjects at Australian schools. LOTEs have often historically been related to the policy of multiculturalism, and tend to reflect the predominant non-English languages spoken in a school's local area, the (a total of 62 different languages), over 300 point of sale collateral materials that are culturally relevant to African-American, Asian-American and Hispanic consumers, customer service lines for Spanish-speaking customers, product information in Spanish on www.Allstate.com/spanish/ and an in-language website for Chinese consumers at www.Chinese.Allstate.com.
The complete list of companies recognized is published online at www.DiversityInc.com and will be in the June/July issue of DiversityInc Magazine, a publication and Web site that reports on diversity issues.
The Allstate Corporation (NYSE NYSE
See: New York Stock Exchange :ALL) is the nation's largest publicly held personal lines insurer. Widely known through the "You're In Good Hands With Allstate(R)" slogan, Allstate provides insurance products to more than 16 million households and has approximately 12,900 exclusive agencies and financial specialists in the U.S. and Canada. Customers can access Allstate products and services through Allstate agents, or in select states at allstate.com and 1-800 Allstate(R). Encompass(SM) and Deerbrook(R) Insurance brand property and casualty products are sold exclusively through independent agents. Allstate Financial Group includes the businesses that provide life insurance, annuity annuity: see insurance.
Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. , retirement, banking and investment products through distribution channels that include Allstate agents, independent agents, worksite, financial institutions and broker-dealers.
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