Reward System Allstate Industry

2. Discuss the competitive advantage Allstate has from the development of the

diversity Index.

Allstate has excelled in the insurance industry as a highly regarded insurance provider

and a diversity focused entity. At Allstate, diversity is critical to meeting the needs of the diverse

customers that they serve. In truth, inclusive diversity is one of the company’s core values. At

Allstate inclusive diversity is definite as the collective mixture of all differences in their

workforce, marketplace and community.

Diversity defines what Allstate is and what they believe in, holding each other personally

and professionally accountable to welcome all as they strive to win in a diverse global

marketplace. Allstate has made inclusive diversity a central division of their business strategy.

The strategy is set and guided by an Executive Diversity Council and implemented by a Chief

Diversity Officer. At Allstate, creating an environment that encourages its workforce to supply

their own unique talents and idea is part of its culture and thus over years it has been a

recognized leader in workforce diversity. Allstate’s commitment to inclusive diversity is integral

to what the company is. It affects everything the company does-even the way they design

products, create services and communicate with their customers. From customizing how they

present information to meet the needs of a specific community to supporting bilingual agents.

employees;

Nearly 60% are women

More than 30% are minorities

More than 40% of officers and managers are women

More than 20% of officers and managers are from one of five minority groups

In addition:

16.7% of Allstate agency owners are female

23.3% of Allstate agency owners are minorities