Diversity, equity, and inclusivity (DEI) at the leadership level promote innovative thinking, a wider range of skill sets, and advanced company culture. It also 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. Active discussion of race in the workplace, revisiting the hiring process, investing in BAME employees’ career progression, and establishing a culture of mentoring are a few ways by which to enact change in racial diversity in the workplace.
There has also been increasing global awareness regarding the right to a dignified and respectful workplace irrespective of the sexual orientation and ethnicity of the employees, which promotes an open and inclusive workplace.
Globally, banks are reporting diversity and inclusivity to ensure that all genders and backgrounds have a more equitable and inclusive workplace. Companies and banks benefit from a diverse workforce by attracting new customers as people want to do business with institutions that share their values.
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 representation of Asian employees in U.S. Bancorp workforce in the US 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.
In leadership roles (senior managers) at U.S. Bancorp’s US office, the representation of Asian employees was 8.9% in 2021. Black & African American employees represented 2.4% and Hispanic & Latinx employees represented 2.7% at senior levels in the US workforce in 2021.
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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