SPRINGFIELD, Mass., May 8, 2013 /PRNewswire/ -- DiversityInc has named Massachusetts Mutual Life Insurance Company (MassMutual) to its 25 Noteworthy Companies list as having the potential to make its 2014 Top 50 Companies for Diversity.
MassMutual has made the 25 Noteworthy Companies list for the past three years, earning accolades for its cross-cultural mentoring and resource groups and their contribution to the company's talent development and community relationships. Approximately 1,000 of MassMutual's employees are now members of at least one resource group.
"MassMutual continues our commitment to reaching an increasingly diverse market by actively striving to reflect the market in our customers, workforce, national sales force, suppliers and community partnerships," said Lorie Valle-Yanez, Vice President and Chief Diversity officer, MassMutual. "We believe that by building a diverse and inclusive culture, where people feel valued for who they are, how they think and what they bring to the table, we become a stronger and more innovative company."
"MassMutual has made significant diversity progress in its talent-development and recruitment efforts. Its top level (CEO and direct reports) has 55 percent more women than the DiversityInc Top 50 average. Its ratio of new hires to workforce demographics for Blacks, Latinos and Asians is 1.73-1 compared to 1.37-1 for the DiversityInc Top 50," said DiversityInc Top 50 CEO Luke Visconti.
MassMutual has received an increasing amount of recognition for its Diversity & Inclusion strategy over the past several years, including the 2012 Working Mother 100 Best Companies and the National Association of Female Executives Top 50 Companies for Executive Women lists. For more information about MassMutual's Diversity & Inclusion, visit www.massmutual.com.
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders consistently since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company's strong and growing network of financial professionals helps clients make good financial decisions for the long-term.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC, Member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.
Contact: Laura DeMars