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Key findings link inclusive culture to strong brand that fosters innovation
Costa Mesa, Calif., March 11, 2020 — Experian North America today released its third annual inclusion and diversity report, which focuses on the company’s dedication to creating a truly diverse and inclusive workplace. According to the “2019 The Power of You” report, 1,200 women were in STEM positions at the company, 47% of new hires were women and 44% were non-white during 2019, and women and men were promoted equally.
“Diversity of background, of experience, and of thought brings new ideas to our organization which fosters the innovation that helps to improve the lives of consumers every day. Our culture of inclusion and diversity underpins our business success which, underpins what our brand stands for,” said Craig Boundy, CEO of Experian North America. “With the launch of our ‘2019 The Power of You’ report, we are excited to share how our inclusive workplace is helping to drive our culture of innovation.”
Experian North America started its Power of You movement in 2017 to raise awareness about the company’s efforts in diversity and inclusion and provide employees transparency into the initiatives that are part of this program. Advanced policies across a wide range of initiatives such as pay equity, paternal leave, flexible working arrangements and corporate social responsibility help to make employees feel committed and empowered to work at Experian.
In 2018, the company launched Employee Resource Groups (ERGs), which are company-supported networks run by employees that create a strong sense of community and connection. All of the ERGs have a core set of objectives that describe the positive impact they focus on. In 2019, Experian created its newest ERG, Aspire, which focuses on mental health and physical disability awareness and caregiving. The company has formed at total of eight ERGs with 1,200 active participates. Employees participate in events including charity walks, fundraising events, and toy and food drives, among others. Events recognize International Women's Day, Veteran’s Day, the Lunar New Year, National Coming Out Day, Cinco de Mayo, Asian Pacific American Heritage Month, Black History Month, Ramadan, Kwanzaa, Hispanic Heritage Month and Diwali, among others.
“We encourage our employees to bring their whole selves to work and have created a culture of inclusion that helps to fuel our continued product innovation,” added Justin Hastings, Chief Human Resources Officer of Experian North America. "Our talent is diverse and we are continuously hiring top talent and investing in programs to support our employees and create the most advanced products for our customers.”
Throughout 2019, employees spent more than 12,000 hours volunteering. With the support of employees, Experian donated more than $10,000 for California wildfire relief to the Red Cross. In addition, employees packed a total of 65,880 meals volunteering with Rise Against Hunger locations in Costa Mesa, Allen and Franklin, California.
Experian also had hundreds of employees from throughout the organization volunteer to personally evaluate Experian Boost™, a free, first-of-its-kind, consumer-controlled tool that has the potential to impact an individual's financial health for the better. Employees participated in this program because they believed in the product’s potential to help millions of Americans.
Experian fosters a culture of development and growth and has various forms of mentorship, career path and leadership programs and initiatives to support employees.
A copy of this year's report can be found here.
Throughout the past few years, Experian has received numerous accolades for its inclusive and innovative workplace and culture. Experian was named one the 100 Best Companies to Work For in 2020 and one of the Best Workplaces for Diversity in 2020 by Fortune and Great Place to Work. Additionally, for the second consecutive year, Experian was awarded a perfect score in the Human Rights Campaign Foundation's 2020 Corporate Equality Index. Experian was also named a Top Workplace in 2020 in Orange County, Calif., by the Orange County Register for the seventh consecutive year, and one of the world's most innovative companies by Forbes magazine for five years.
Experian is the world's leading global information services company. During life's big moments — from buying a home or a car to sending a child to college to growing a business by connecting with new customers — we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organizations to prevent identity fraud and crime.
We have 17,200 people operating across 44 countries, and every day we're investing in new technologies, talented people and innovation to help all our clients maximize every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.
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