In recent months, Vanguard has been recognized across multiple communities as an employer of choice. In this blog, the Diversity and Inclusion team is excited to highlight accolades that Vanguard is proud to have received.
College students praise Vanguard’s summer internship program
Vanguard is ranked No. 4 for 2020 Best Financial Services Internships among 40 companies in the industry, and Vanguard is ranked No. 40 for Best Overall Internship among 135 participating companies representing all industries. This contest is sponsored annually by Vault.com, and results are based solely upon feedback from the undergraduate students that participated in our 2019 summer internship program.
The scoring and final ranking is based upon several aspects of the summer internship program:
Full-time employment prospects.
Compensation & benefits.
The interview process.
Overall quality of life.
Maintaining a perfect score on the Human Rights Campaign’s 2020 Corporate Equality Index Survey
This is the fifth consecutive year that Vanguard has been recognized in the 2020 Corporate Equality Index report. Published annually, the survey evaluates a company’s corporate policies, practices, and benefits with respect to LGBTQ+ employees. It’s the global standard for benchmarking corporate policies and practices for awareness and inclusion in the workplace.
The 2020 survey is divided into three key criteria areas of focus:
Nondiscrimination and inclusion policies across business entities.
Equitable benefits for LGBTQ+ workers and their families.
Support of an inclusive culture and corporate social responsibility.
Chief Diversity Officer Crystal Hardie Langston shared, “At Vanguard, we believe our culture of inclusion is essential for each of us to fully thrive in our careers and provide superior value to our clients and communities. It’s a business imperative for Vanguard’s success in the future, and that’s why we are committed to providing a trusting, supportive environment in which all crew members worldwide feel a sense of belonging.”
Continuing to climb in IT
Vanguard rose to number three among large organizations (5,000 or more U.S. employees) in Computerworld’s 2019 survey of the Best Places to Work in IT, up from number nine last year and number ten in 2017.
The rankings are based on both employer and employee surveys. About half of the scoring was based on crew member responses, and the other half was based on a survey of several HR areas: career development, retention, benefits, diversity, and training.
“This is an incredible endorsement for our organization, for Vanguard, and for our clients,” said John Marcante, managing director for IT. “This recognition is a reflection of all the crew at Vanguard who work daily to make this place a special community.”
Vanguard embraces veterans
Vanguard was also recognized as a Top Veteran-Friendly Company in 2019 by U.S. Veterans Magazine (USVM). The magazine’s annual list evaluates a company’s policies, practices, and career recruitment efforts with respect to veterans. Its mission includes finding employment and other opportunities for transitioning service members, disabled veterans, spouses of veterans, and veteran business owners.
USVM selected about 200 names after polling hundreds of companies, including many on the Fortune 1000.
This year’s evaluation recognized excellence in three focus areas:
Sponsorship of veteran career events.
Success in seeking, hiring, and/or retaining veteran candidates.
“Together we work to establish a strong crew network of service-minded military veterans and friends,” said Sean Gardner, senior manager in Global Risk & Security and a member of the VetsConnect leadership team. “Our objective is to enrich the sense of community for crew with past military service and all others interested by providing engaging ways to connect, assisting new veteran crew to Vanguard, and reflecting the esprit de corps of our military heritage.”
The selection was based on Scottsdale crew’s demonstrated distinction and excellence in multiple fields: client experience, innovation, leadership, social responsibility, and workplace culture.
“This is a significant accomplishment for Vanguard,” said Deborah Akinsipe, HR site lead for Arizona. “We could not have achieved this milestone without the commitment of our crew. Their dedication to client service and unwavering support to our local community are just some of the reasons we received this award.”
The end of the year is often a time to reflect on all that’s been accomplished in the last twelve months. We pulled together the top four career stories from 2019. Whether it’s your first read or you’re revisiting a favorite, we hope you enjoy!
We sat down with five Vanguard recruiters to hear how they coach candidates through the interview process. In this blog, we share 12 ways that experienced professionals can prepare for a Vanguard interview—whether in person or over the phone.
Annsley opens up about her voyage to Vanguard after college. “To say I was hesitant to join the finance industry is an understatement. Much of my college education was focused on classes like organic chemistry and biomechanics. But my friend assured me that my passion to help people live a better life directly aligned with Vanguard’s mission. With his support along with my family, I took a giant leap of faith, and I couldn’t be happier that I did.”
Vanguard’s financial advisors are using time-proven investment methodology to offer investment solutions that lead our clients confidently toward their business or personal financial goals. In this series, our financial advisors share their personal experiences in pursuing a career in this field and the impact they’ve had in driving successful investment results for clients.
Kristen shares a personal story about how Vanguard allowed her to focus on family during a difficult time. “While my personal life was turned on its head, a new leader was assigned to my team. I was experiencing changes both at Vanguard and in my personal life. My first one-on-one was conducted through video conference from my parent’s house. It was during that conversation I finally said the words out loud…my mom had cancer. Not knowing how my new leader would respond, I waited. He took a moment and said, “Family comes first,” a concept I heard Vanguard was known for but never experienced firsthand.”
Why is Vanguard one of the Best Places to Work in IT?
A company like Vanguard doesn’t function or flourish without the expertise and support of our IT crew. But it’s not just about technical skills – supportive mentors and peers, challenging work, autonomy, these are all part of the culture of our tech teams. Technology is growing faster than almost any other industry and Vanguard’s IT crew are the investigators, problem-solvers, leaders, and experts who help keep us on the forefront of the ever-changing technical landscape. And these dedicated crew are the driving force behind why Vanguard was recognized as one of Computerworld’s top ten Best Places to Work in IT. In these blogs, our IT crew share their professional development story, the impact they’ve had on technology, and their internship experience.
“During my time here, I’ve seen Vanguard support a different type of investing – investing in their crew.” In this blog, IT Developer Elijah A. writes about how Vanguard has supported his professional development.
In my last blog, I discussed Vanguard’s high score on The HRC Corporate Equality Index survey. This score reflects our dedication to creating a welcoming and supportive environment for LGBTQ+ individuals and their allies. But these endeavors extend beyond just creating an inclusive workplace – they can alleviate challenges in our personal lives as well.
“I specifically asked whether Vanguard provided same-sex domestic partner benefits before I joined in November 2011. My partner, Julie, and I had just gotten married in August and I had covered Julie under my benefits plan at my previous employer. At the time, I knew that Pennsylvania and the Federal government would not recognize our marriage. However, because I could cover Julie under the Vanguard health and welfare plans, I knew we would be okay.” – Kathleen R.
“When I came out to my parents, one of the things they were concerned with was the possibility of losing my job because I am gay. A few months later when I joined Vanguard, I could point to Vanguard’s non-discrimination policy to reassure them that members of the LGBT community were valued here. Years later, there was a time when my husband’s company was going through bankruptcy. We weren’t sure the company would survive and he could have been out of work. It was a comfort to know Vanguard offered domestic partner benefits, which we could take advantage of if necessary. Luckily, things worked out fine and it wasn’t necessary, but it was good to know we had it if we needed it.” – Mark O.
“I am extremely thankful for the ability to enroll my partner Jon in Vanguard’s medical plan coverage. In fact, he works for a health insurance company, and our plan is more comprehensive than the one his employer offers!” – Brian F.
As for me, I began my Vanguard career in the fall of 1999, and I had not come out to anyone during the recruiting stage or onboarding process. This was a purposeful decision. I wanted time to acclimate to my new job, and to learn more about Vanguard’s culture. After six months, I felt very comfortable with my team, and completely aligned to Vanguard’s mission. So I made the decision to come out to my leader and colleagues at work in early 2000. My manager and leadership team were fully supportive, and they treated me with the same level of respect, encouragement, and inclusiveness as everyone else. The way they treated me was a welcomed change, as my experience with leadership at another employer was hesitant and timid, at best.
I’m now in my 19th year at Vanguard, and in many respects, this is home for me. My experiences and professional connections at Vanguard have been similar to my personal relationships with my family – welcoming, nurturing, and supportive. At Vanguard I am empowered to focus on meaningful work and career development without the burdens of guardedness and discretion that many in the LGBTQ+ community often confront. For this I feel most blessed, and so very grateful, and I am inspired to help ensure that all crew members feel just as welcomed.
Consider learning more about the 2018 Corporate Equality Index – the report is free and available to anyone. (Vanguard is mentioned on pages 54, 89, and 98 of the report.)
If you’re looking for a role where you can be empowered to learn, grow, and make a difference, check out our opportunities at www.vanguardjobs.com.
Companies that attain the maximum 100 total points earn the coveted title, “Best Place To Work For LGBTQ Equality”.
The survey criteria is both robust and challenging, and HRC has continued to raise the bar for companies striving to attain the “Best Place…” accolade. Vanguard has participated in the survey for 5 consecutive years, and will continue to engage because it is the global standard for LGBTQ+ awareness and inclusion in the workplace. The survey is just one of the avenues Vanguard uses to benchmark our practices for continued improvement. We also participate in the survey because of you! When any potential crew member (Vanguard employee) learns about our score, they get a glimpse of what it’s like to be a crew member.
Recognition of workplace achievements always feels great, however the awards don’t provide insight into how we are personally impacted. So as I prepared to write this blog, I decided to pulse a few of my LGBTQ+ friends to share what was most relevant to each of them. I am humbled to admit that I did not foresee the large number of examples in their responses! So much so, that my blog evolved into blogs…with a Part I and a Part II. Here are a few of their thoughts:
“Part of the reason I joined Vanguard back in 1998 is that Vanguard had explicit protections for LGBT crew spelled out in their diversity statement even way back then. I was only out to few people at the bank I worked at previously, and there was no mention of LGBTQ+ in their diversity statement. That made me nervous about prospects for advancement if I came out, and that explicit statement was one of the reasons I chose to leave the bank and join Vanguard. Even so, coming out at work was a slow and deliberate process. But, once I got to know Vanguard and saw firsthand how “out” leaders were just as respected and successful, I became more comfortable being my true self.” – Mark O.
“There is so much that has made an impact on me regarding LGBTQ+ inclusion at Vanguard. For example, as an OPEN (Out Professional Engagement Network) Ally Workshop facilitator, I get to share my personal experience as an LGBT crew member with supportive allies. After each session I’m newly energized by the caliber of people that we call crew members. I always make several new connections through these workshops that have proven to be lasting and valuable! Speakers such as Ash Beckham, Amita Gupta, and JoDee Winterhoff have made a lasting impact by bringing LGBTQ+ issues outside the walls of Vanguard to life, and help crew members connect and relate to each other. Finally, the support from Senior Leadership – seeing our former CEO sign a letter voicing opposition to exclusive legislation and “walking the talk” when it comes to inclusion and support was comforting in a challenging time for the community.” – Laura T.
“Two events that I found particularly inspiring (albeit for different reasons) at Vanguard over the past couple of years were when Matthew Shepard’s mother was brought in for OPEN’s guest speaker event, and a Vanguard Day Of Caring community volunteer event that I attended in Philadelphia. I was impressed that Vanguard took the time to bring in such an impactful speaker and by the level of participation at the event – both by LGBT and ally crew. I found her presentation to be moving and inspiring. As a Philly resident, I had never been to the William Way Center, the LGBT community organization that provides service, recreational, educational, and cultural programming. The Day Of Caring event allowed me to understand their mission and feel as though I was making a contribution to the community. As with other volunteer events, I was really impressed by the numbers of both LGBT and ally crew that donated their time.” – Chris D.
As for me, one thing I think is really impressive is our Transgender Guide, which serves as an internal resource for open dialogue and further understanding of transgender issues in the workplace. The intended audience is a broad range of crew, including transgender crew members, their leaders and peers, Human Resources specialists, and client-facing crew. Topics include common terminology, overviews of gender identity and sexual orientation, guidance and tips for managers and allies, and thoughtful considerations for transgender crew members. How cool is that?
(Pictured are members of Vanguard’s 2017 OPEN Crew Resource Group Leadership team)