2016 may eastern bank business over breakfast
TRANSCRIPT
Diversity and Inclusiveness
In the Workplace
Lewis M. Feldstein
Nancy Huntington StagerExecutive Vice President,Human Resources & Charitable GivingEastern Bank
Embracing Diversity
Quick Definitions
Inclusion“The quality or state of having many different forms, types, ideas, etc.”
Diversity
Quick Definitions
“The act of including or the state of being included.”
Inclusion“The quality or
state of having many different forms, types, ideas, etc.”
Diversity
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Why Diversity?
It is the RIGHT thing to do
Bias against diverse
communities affects human
performance
Compliance with legal
requirements against
discrimination
Respect and fair
treatment should be a basic right
for everyone
It is the SMART thing to do
Engage a broader set
of clients and prospects
Stronger collaboration
across the company
Access to more Talent
Bottom Line:All of which lead to more
profits
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Diversity in New Hampshire
Even though NH has the lowest percentage of minorities in comparison to MA, RI and CT…
Source: EMSI, 2016 QCEW Employees - Class of Worker Dataset
NH’s diverse population has increased at a higher rate than seen in RI, CT, and MA since
2001
Source: EMSI, 2016 QCEW Employees - Class of Worker Dataset
By 2025, White Hispanics will have the largest population increase in Hillsborough County
Source: EMSI, 2016 QCEW Employees - Class of Worker Dataset
2016 % of Cohort% ChangeChange2025
Population2016
PopulationRace/Ethnicity
White, Non-Hispanic
White, HispanicBlack, Non-HispanicAsian, Non-HispanicBlack, Hispanic
348,820 346,664 (2,156) (1%) 85.69%5.27%3.94%
2.26%1.63%
12%
13%
13%12%
2,6642,0821,186809
24,11318,12710,3927,444
21,44916,0459,2066,635
White Hispanic is defined as individuals who are racially white and of Hispanic descent.
This trend is also seen in Rockingham County, Stafford County…
Source: EMSI, 2016 QCEW Employees - Class of Worker Dataset
Rockingham County Stafford County
ChangeRace/Ethnicity % Change
White, Non-HispanicWhite, Hispanic
Black, Non-HispanicAsian, Non-HispanicBlack, Hispanic
(2,619) 1%18%11%12%16%
1,302654503380
ChangeRace/Ethnicity % Change
White, Non-HispanicWhite, HispanicBlack, Non-HispanicAsian, Non-HispanicBlack, Hispanic
(1,010) (1%)17%16%12%9%
748381274123
Merrimack County and Cheshire County…
Source: EMSI, 2016 QCEW Employees - Class of Worker Dataset
Merrimack CountyChangeRace/Ethnicity % Change
White, Non-Hispanic
(1,208) (0%)White, Hispanic
468 16%Black, Non-Hispanic
277 11%Asian, Non-Hispanic
208 10%Black, Hispanic 264 14%
Cheshire CountyChangeRace/Ethnicity % Change
White, Non-Hispanic
(2,619) (1%)White, Hispanic
18%216Black, Non-Hispanic
12%140Asian, Non-Hispanic
12%134Black, Hispanic 17%30
Even way up in Coos County…
Source: EMSI, 2016 QCEW Employees - Class of Worker Dataset
ChangeRace/Ethnicity % Change
White, Non-HispanicWhite, HispanicBlack, Non-HispanicAsian, Non-HispanicBlack, Hispanic
(1,208) (4%)26%5%26%2%
13022614
Coos County
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Best Practices
How to meet the changes in diversity
What does Eastern do? Build Talent Communities, internally and externally
• Pipelining and Employee Networks Partner with Community-Based Organizations
• Enhance understanding of needs• Help in getting the word out
What does Eastern do? Enhance Supplier Diversity efforts
• Connectivity between suppliers & customers Restructure our Marketing Strategy
• Behavior based, not demographics Measure our Progress
• Report to the Board at least three times per year
Diversity Metrics You Can TrackEarly stage = Proof of concept
Intermediate stage = Proof of performance
Advanced stage = Financial impact
• Number of diverse new hires• Number of diverse people retained• Diversity at all levels• Diverse market opportunity
• Employee survey scores and/or diversity audit conclusions
• Improved performance evaluation scores• Evaluation of employee sensitivity of or
knowledge about diversity• Client satisfaction gap with diverse
customers• Market share with diverse clients• Profitable revenue/market share growth in
diverse markets• External recognition or awards• Reduced turnover costs, absenteeism, low
productivity
Brenda ColeVice President,Marketplace Inclusion DevelopmentHarvard Pilgrim Health Care
Harvard Pilgrim Health Care Inclusion in the Workplace
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Questions?
Thank you for attending!
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