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A Profile of Diversity Officers

Diversity Best Practices, a membership organization that provides benchmarking and other research, spent six months studying the role of some 170 diversity officers at Fortune 500 companies.

May 29, 2004
Related Topics: Diversity, Training & Development

Here are some of the findings from its Diversity Officer Special Report:

    1. Compensation of diversity officers:

Average salary of $225,000 and average bonus incentive of 10 percent.
23.3 percent make more than $300,000 with a bonus in the range of $100,000;
46.4 percent make $200,000 to $300,000, with a bonus in the $75,0000 range;
30.3 percent make $100,000 to $200,000, with a bonus in the $50,000 range.

2. Average budget: $2.8 million

3. Most common titles:

Vice President--64.7 percent
Chief Diversity Officer--23.5 percent
Senior Vice President--8.8 percent
Director--17.1 percent
Many chief diversity officers are also Vice presidents or senior vice presidents.

4. Average staff size: 8.2 employees; 58 percent have 4 to 20 employees while nearly 30 percent have more than 20.

5. Average tenure: 10 years with the company, four years in the position.

6. Board reporting: 75 percent of diversity officers report to corporate boards on a regular basis.

7. Measurement: 92 percent of CEOs review statistics on diversity results and performance.

8. Suppliers: 80 percent of diversity officers have supplier diversity programs setting policies and goals for purchasing.

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