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By Amy Thompson, EVP and Chief People Officer, Mattel
At Mattel, our purpose is to empower the next generation to explore the wonder of childhood and reach their full potential. And we are similarly committed to cultivating a work environment that promotes equality, inclusion and empowerment.
We announced new Diversity & Inclusion goals this time last year in support of our purpose including achieving 100% pay equity for all employees performing similar work globally and increasing representation of women and ethnically diverse employees at all levels of the organization. I am pleased to share an update on our progress.
First, having last year achieved 100% pay equity for all employees performing similar work in the U.S., I am proud to announce that we have now achieved 100% pay equity for all employees performing similar work globally. This accomplishment is the result of the dedication of managers at all levels of our organization around the world. We are committed to ensuring we uphold our position on pay equity and hope to see additional companies doing the same.
Second, women comprise the majority of the workforce at Mattel, and that majority grew by 2% in 2021 to 58%. Women also accounted for 58% of all promotions over the past year, and, separately, at the VP and above levels, 50% of new hires were women.
Finally, in the U.S., ethnically diverse employees comprise 42% of our employee base, 43% of promotions last year including 33% of all management positions, and 46% of all new hires with 25% at the VP level and above.
Beyond our own Diversity & Inclusion goals, we continue to help create a more diverse and inclusive world through our Play Fair initiative, established last year to address systemic racism and violence against the Black community. As part of that effort, next month we are sponsoring the Boys & Girls Club Annual National Keystone Conference where we are participating on a panel on racial equity and social justice.
We also recently launched “A Future Where Everyone Plays Fair,” a philanthropic initiative designed to support nonprofit organizations that promote diversity and inclusion through a combination of monetary and in-kind donations. As our first commitment from “A Future Where Everyone Plays Fair,” and in honor of AAPI Heritage Month, the Mattel Children’s Foundation and the Barbie Dream Gap Project made a donation to support programming for AAPI girls in partnership with AAPIWomenLead.
One of the best ways we can contribute to a diverse, equitable and inclusive future is through the toys we design. Our most recent example is UNO’s new Play with Pride deck, which celebrates the LGBTQ+ community and includes a donation to the It Gets Better Project in honor of Pride Month. And there are many more.
Mattel is at its best when every member of our team feels respected, included and heard. We are pleased with our progress toward our goals, but also know there is more work to be done to continue to build the diverse, equitable and inclusive workplace (and industry) we can all be proud of.