Women's Power and Influence Index releases next company profile: Citigroup

Three weeks ago The Difference Engine released the ranking for Biogen, a large biomedical conglomerate, on The Women’s Power and Influence Index*.* Today we are excited to share where a large American multinational investment bank and financial services corporation, Citigroup Inc., is placed on the Index.

The Women’s Power and Influence Index is a product of The Difference Engine that ranks the power of women at the workplace.

The Index is a publicly available ranking metric with the eventual goal of quantifying equity. Developed by a multi-disciplinary team of Arizona State University students, staff and faculty, the Index analyzes Equal Employment Opportunity data as well as publicly available information from large companies and organizations in order to build a quantitive measure of workplace inequality as well as encourage these institutions to adopt more equitable policies. Notably, the team behind the Index develops measurement criteria through wide-ranging surveys of women at the workplace. By indexing companies based on what truly matters to women, ASU’s Difference Engine hopes to help both women in existing career paths as well as women seeking a new career or position in companies.

Citigroup, an investment bank and financial services corporation, is categorized as a “Trailblazer” based on the Index’s comprehensive measurement criteria. Organizations categorized as Trailblazers on the Index have policies and procedures that focus on developing a progressive and inclusive workplace for all people, including women. Citigroup’s efforts in this regard result in high marks on nearly all of the Index’s measurement metrics.

Some of the reasons for Citigroups’s high position on the Index include:

• Citigroup’s commitment to eliminating the gender pay gap. For instance, women who work at Citigroup are paid 99% of what men at the company are paid, on average.
• In terms of professional development, Citigroup offers its employees a Citi Women’s Leadership Development Program where women have the opportunity to develop leadership skills, engage in mentorship opportunities, and network with colleagues.
• Citigroup is an increasingly diverse workplace, with women holding a number of leadership positions. Based on the most recent EEO data analyzed by the Index team, 36% of Citigroup executives are women, and 54% of their overall workforce is female.
• Citigroup offers several health benefits particularly for women in order to support them and their families, including: backup childcare, 16 weeks of paid maternal leave, four weeks of paternity leave, and fertility treatments available by enrollment in one of Citi's national medical plans through Aetna and Anthem.
• Citigroup utilizes a Voice of the Employee (VOE) survey in order to understand the unique experiences of women within the company.

These, and other trend lines are the result of our team's months-long data collection and analysis process that includes analyzing data from the Equal Employment Opportunity Commission to searching publicly available information and documents related to Citigroup.

In addition to shining a light on the status of women at the workplace, the Index’s secondary goal is to encourage organizations to begin adopting more equitable practices. One way we do this is to make Index data publicly accessible so that anyone, from employees, candidates, company investors, shareholders, journalists or civil society advocates - all can have insight into the ways our country's biggest companies are treating women at the workplace.

Learn more about why Citigroup is ranked as a Trailblazer on the WPI by reading Citigroup’s company profile.

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