Large US companies have begun to disclose more information about the composition of their employees💸 💰 💲
Large American companies have begun to disclose more information about the composition of their employees: dozens of firms have publicly reported on the performance of this criterion, while many did it for the first time, according to a study by The Wall Street Journal. So, the General Electric Co. He said that three-quarters of the company's jobs are held by men. In turn, a report by Cummins Inc., which manufactures diesel engines, says that half of the management positions are held by women. African Americans account for 25% of employees at food manufacturer Tyson Foods Inc., while 38% of employees at Chipotle Mexican Grill Inc. in the United States are Hispanic. The companies disclosed this and similar data voluntarily, but they were pushed to do so by both the US Securities and Exchange Commission (SEC) and investors.Many companies have focused on diversity in the wake of last summer's protests over discrimination and racial inequality. The WSJ reviewed more than 160 annual reports submitted by companies that make up the S&P 500 stock index for 2020. About a third of them contained information about diversity among staff. Most of the reports include information about the number of women working in the company. Many companies also disclosed data on the racial and ethnic composition of the state, as well as information about young and elderly employees, people with disabilities, and others. In their annual reports, PepsiCo Inc. and Mondelez International Inc. reported that about 40% of management positions in their offices around the world are held by women. PepsiCo also noted that 43% of the company's employees working in the United States belong to racial or ethnic minorities. Some investors are pushing for more information about the diversity of the workforce.Many of them take this information into account when assigning ratings and making investment decisions. Human capital-the company's personnel-is now becoming more important than the availability of manufacturing facilities and equipment in most sectors of the economy, says John Heppner, head of the American branch of the British investment company Legal and General Investment Management. The company cites McKinsey data that shows that the 25% with the lowest gender and racial diversity are more at risk of falling behind the industry average in financial performance. The SEC in August passed an order that requires companies to disclose information about "human capital resources." This is a broader criterion that can include a variety of information-from data on workplace attendance and training to information on safety and diversity.