MGM Resorts Named Among Nation's Top Companies For Diversity By DiversityInc
Tenth year recognized, Company ranked No. 4 on the "Top 10 Regional Companies" list
28 Apr, 2015, 02:00 ET
LAS VEGAS, April 28, 2015 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) is ranked 4th on the "Top 10 Regional Companies" list for diversity best practices, according to DiversityInc, one of the nation's leading sources on workplace diversity management.
2015 marks the tenth consecutive year MGM Resorts has been recognized for its Diversity and Inclusion Initiative by DiversityInc, which ranks companies based on the results of an annual survey.
"Companies are recognizing the importance of diversity for corporate reputation - which directly affects millennial-generation recruiting and retention. And whether you're talking about Silicon Valley, Ferguson, or Indiana, there's no denying that stories about how far we still need to come regarding diversity have been dominating the headlines in 2015," said DiversityInc Founder and CEO Luke Visconti.
DiversityInc's 300-question annual survey is divided into four equally weighted areas: CEO Commitment, Talent Pipeline, Equitable Talent Development, and Supplier Diversity. The survey's results are determined by statistical analysis and each company is vetted by DiversityInc staff. Of the 1,215 companies participating in this year's survey, MGM Resorts is the only Nevada-based company and the only integrated resort company to earn an award of distinction.
"We are proud that our Diversity initiative has received recognition from DiversityInc for the past 10 consecutive years," said Phyllis A. James, Executive Vice President and Chief Diversity Officer of MGM Resorts International. "It shows that not only has top management embraced diversity and inclusion as a business and moral imperative, our 62,000 employees have made it the cornerstone of our daily operations."
The MGM Resorts Diversity and Inclusion Initiative was voluntarily launched in 2000 – the first in the entertainment, gaming and hospitality industry – and is a critical pillar of the company's enterprise-wide social responsibility platform that includes environmental sustainability and community engagement programs. Highlights from the Diversity and Inclusion Initiative include:
- Approximately 64 percent of the company's 62,000 employees are minorities. In the management ranks, about 43 percent of employees in the supervisory ranks are women, and 38 percent of employees in the supervisory ranks are minorities.
- Through its diversity sales efforts in 2014, MGM Resorts International contracted several notable diverse convention groups, including NAACP, National Centers for American Indian Enterprise Council and Japanese American Citizens League. Since introducing the Diversity initiative in 2000, the company has attracted guests and customers who share its values related to diversity and inclusion while maintaining a visible role in the diversity meetings market.
- The MGM Resorts Foundation is hosting its ninth annual Women's Leadership Conference at MGM Grand in July. Presented to a sold-out audience of more than 900 women last year, the two-day conference will feature nationally recognized speakers, forums for small-group dialogue and networking opportunities.
- Since introducing its Supplier Diversity Program in 2001, MGM Resorts has spent hundreds of millions of dollars with women-owned suppliers. In 2014, MGM Resorts spent a total of $128 million on goods and services purchased through minority, women and diverse-owned businesses. The program is part of a larger company diversity initiative that has been recognized by leading diversity publications including DiversityInc, Black Enterprise and HispanicBusiness.
For additional information about the company's Diversity Initiative, and to learn more about its efforts in corporate social responsibility, please visit: www.mgmresorts.com/csr.
About MGM Resorts International
MGM Resorts International (NYSE: MGM) is one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts. The Company also owns 51 percent of MGM China Holdings Limited, which owns the MGM Macau resort and casino and developing a gaming resort in Cotai, and 50 percent of CityCenter in Las Vegas, which features Aria resort and casino. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.
SOURCE MGM Resorts International
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