Our Commitment to Diversity
Today's landscape - in the markets we serve, the workforce from which we draw our talent, and the distributors and other companies we partner with - is experiencing generational, gender and cultural changes. It is crucial that we understand and respond to these dynamics, and make the issue of diversity a business imperative.
The demographics of the U.S. population are shifting dramatically:
- Today's workforce mirrors the generational demographics of the broader U.S. population, which includes roughly 31 million Traditionalists (born prior to 1946), 74 million Baby Boomers (1946-64), 66 million Gen Xers (1965-80), and 86 million Millenials (1981-2000).
Source: U.S. Census Bureau
- 70% of new entrants into the workforce are women and minorities.
Source: Hewitt Associates, LLC, March 2008
- By 2020, 37% of the working-age population of the U.S. will identify themselves as African American, Hispanic American, Native American, Asian Pacific American, or Asian Indian America, more than doubling from 18% in 1980.
Source: Source: U.S. Census Bureau
- Women represent 57% of all college students.
Source: American Council on Education
- Since 1997, women-owned businesses have grown at a rate one-and-a-half times that of other businesses.
Source: The American Express Open State of Women-owned Businesses Report, A Summary of Important Trends, 1997-2011
John Hancock is committed to fostering new programs and integrating the impressive array of diversity-related initiatives in place to better serve our changing markets, including:
- Multilingual marketing, educational, sales, advertising and investor material.
- An established supplier-diversity initiative, through which the company actively seeks and promotes the use of qualified minority-owned and woman-owned business enterprises in all areas of the company's business.
- Numerous internal initiatives to maintain and promote an inclusive working environment, from corporate mentoring programs to domestic partner benefits.
- Active involvement by a number of employees in a range of organizations that meet the community's diverse needs as well as the Company's long-standing partnerships with organizations dedicated to promoting professional opportunities for all.
- Community partnerships and specially designed community-outreach programs that are strategically designed to build the pipeline of diverse talent from which John Hancock recruits its workforce.
- As a result of significant investments in affordable housing, John Hancock helps provide a high quality and safe place to live for a substantial number of low income individuals and families of all ethnic backgrounds.
John Hancock is already recognized as a leader in championing the value of diversity, and opening opportunities for all. The company has won awards from the National Society of Hispanic MBAs, the Boston AIDS Action Committee, the Advertising Club of Boston, Urban League, and Women's Institute for Housing, the Minority Corporate Counsel Association, the Boston Idea Group, and Black & White Boston Coming Together, for the company's efforts to promote diversity.