First Horizon Named One of the 2020 Best Companies for Multicultural Women
First Horizon National Corp. (NYSE:FHN) has been named one of the 2020 Best Companies for Multicultural Women by Working Mother magazine—an honor recognizing companies that create and use best practices in hiring, retaining, and promoting multicultural women in the United States.
“First Horizon is honored to be listed as one of the best companies for multicultural women,” said John Daniel, executive vice president and chief human resources officer at First Horizon. “We recognize how important it is to foster an inclusive workplace and are committed to maintaining an environment where employees are appreciated and accepted.”
The winners will be featured in the June/July issue of Working Mother and at workingmother.com. The Working Mother Research Institute has conducted the initiative since 2003, tracking corporations’ progress in creating cultures that encourage multicultural women to join and rise through the ranks.
“Diversity and inclusion are only effective when embedded thoroughly into the company’s culture,” said Lynne Walker, executive vice president and director of affinity strategy at First Horizon. “Our company has incorporated equal opportunity practices in all aspects of our business, and we continuously strive to enhance our progress when it comes to advancing diversity and inclusion for all associates. While acknowledging the need to show continuous improvement, I’m particularly proud of our company’s commitment and this recognition for creating an inclusive workspace for women of color.”
First Horizon’s Affinity Strategy focuses on a thoughtful approach to diversity and inclusion, and consistently finds new ways of generating a welcoming environment for multicultural women. The company uses diversity staffing maps to ensure its leaders have an opportunity to proactively search for candidates to diversify their teams.
First Horizon Highlights:
- For over 20 years, First Horizon Women’s Initiative Employee Resource Group, has supported the company’s diversity and inclusion efforts by helping female employees develop leadership skills, network with leaders and create mentor-mentee relationships
- Hires and promotions for women in the Top 3 Salary Levels increased from 29% in 2016 to 35% in 2019
- We currently have two customer strategies designed to diversify revenue streams for the bank—Our Women and Wealth; and Multicultural Customer Strategies
- Our Strategic Hire Initiative attracts and develops multicultural talent and diversifies our customer-facing and P&L roles. Since 2017, 94% of our strategic hires have completed their development program and we have experienced a 71% retention rate