CORPORATE AMERICA COMPETING TO BE THE MOST GLBT-FRIENDLY?

Yes, according to the Human Rights Campaign. Here is an excerpt from a recent HRC press release:

The Human Rights Campaign today released a report showing that a record number of the largest U.S. companies are increasingly competing to expand benefits and protections for their gay, lesbian, bisexual and transgender employees and consumers. This year’s report, the Human Rights Campaign’s fifth annual Corporate Equality Index, showed an unprecedented 138 major U.S. companies earned the top rating of 100 percent. That number is up from 101 in 2005, and has grown tenfold in four years.

“I am incredibly encouraged and optimistic about the findings in this report. Companies are not only working to improve their scores, they are actively competing to be ranked the most inclusive and fair-minded in their industry,”said Human Rights Campaign President Joe Solmonese.”Leading companies, which years ago instituted basic equal employment policies, are accelerating their efforts to expand the range of benefits. This competition sends a clear message that corporate America is rapidly becoming a place of fairness for GLBT Americans.”

Indeed, this year’s report found fierce competition within industries for the top rating, triggering quick actions to improve company policies and benefits at many companies. Using the CEI, companies can examine their scores in absolute terms, but also relative to their competitors. For example, last year Raytheon Co. was the only member of the aerospace industry to get a perfect score. This year, however, three of its competitors also earned 100 percent. Four other industries saw rapid growth in companies achieving the top score. A total of eight law firms, five pharmaceutical companies and five consulting houses all reached 100 percent for the first time in 2006. And, while in 2005 two major auto companies achieved the top rating, this year, that number doubled to four.

“CEOs are very much aware of their score and its impact on their business. They know that a top score means a healthier work environment, greater productivity and the ability to recruit top talent. They also know that a bad score will hurt their bottom line,”Solmonese added.

In all of the policy and benefits areas that were measured, the report reveals double-digit increases in the number of companies adhering to the criteria. Among the companies surveyed in the new report, this year:

  • 75 percent more companies than in 2005 prohibited discrimination against transgender employees in employment practices;
  • 64 percent more companies than in 2005 implemented at least one wellness benefit for transgender employees;
  • 35 percent more companies than in 2005 extended COBRA, vision, dental and dependent medical coverage to employees’ same-sex domestic partners; and
  • 14 percent more companies than in 2005 engaged in philanthropic or marketing activities directed toward the GLBT community.

Almost all of the companies rated : 436, or 98 percent : include sexual orientation in their non-discrimination polices.

Via Dean Rowan.

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