A $2 Trillion Market Cap and Tops at Diversity and Inclusion
June 25, 2021
Forget the Windows 10 (the last version of Windows once). Forget the SolarWinds’ misstep. Forget the complexity of Teams for a consultant used to Zoom. Think about this milestone. Fortune has named the Redmond outfit the big dog in diversity and inclusion.
For a big tech firm, the company is refreshingly free of discrimination-based scandals. Windows Central reports, “Microsoft Tops Fortune 500 Charts for Diversity and Inclusion.” Writer Sean Endicott shares some data from this year’s Fortune 500 report on the subject:
Fortune and Refinitiv partnered together to gather data and rank organizations based on 14 key metrics, including the percentage of minorities on a company’s board, the percentage of employees that are women, and the percentage of employees with disabilities. This list also includes Measure Up, a ranking of the most progressive companies based on diversity and inclusivity. Microsoft measures well in several key areas. Fortune highlights that it provides day-care services and has an employee resource group voluntarily formed by workers. The company also has targets for diversity and inclusion and policies regarding gender diversity. According to Fortune, 39.7% of Microsoft’s board is made up of racial and ethnic minorities. Overall, Microsoft’s workforce is 49.8% racial or ethnic majorities. 41.3% of managers at Microsoft are racial or ethnic minorities. While Microsoft has positive figures regarding racial and ethnic diversity, it falls behind in gender diversity. According to 2020 data reported by Microsoft, only 28.6% of its employees were women. 26.3% of managers at Microsoft were women in the same timeframe.”
The Windows cheerleaders may see some room for improvement. The write-up reminds us Microsoft makes a habit of emphasizing diversity and inclusion, linking to examples here, here, here, and here. Perhaps Google could learn a thing or two from that company. For example, reduce the management goofs that lead to global awareness of stuff like the Timnit Gibru and ethical AI matter. And Fortune knows a lot about diversity and inclusion, right?
Stephen E Arnold, June 25, 2021