Celebrating What Makes Us Unique

Our People Celebrating What Makes Us Unique

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Diversity, Equity, and Inclusion

The driving force behind our unique shared culture is our agents and employees, and diversity, equity, and inclusion (DEI) are a big part of how we shape that culture. Diversity is the mixture of backgrounds, experiences, characteristics, and abilities that make each of us unique. Equity ensures that all employees are treated fairly, and that there is equality in opportunity and access to resources. Inclusion is noticing and valuing the differences in other people, and it’s inclusion that activates diversity and equity in our business by encouraging people to tap into their unique perspectives, knowledge, and strengths to drive engagement, collaboration, agility, innovation, and performance.

At New York Life, the Office of Diversity and Inclusion (ODI) spearheads the company’s DEI programs and initiatives in partnership with other business areas, our Employee Resource Groups (ERGs), and external partners we engage with to grow our program. We use a four-pronged approach to ensure u diversity, equity, and inclusion are priorities in all aspects of the company:

10 Stated figures are as of 2019.

33%

of the Board of Directors are women10

17%

of the Board of Directors are people of color 27% of Executive Management Committee Members are women

9%

of Executive Management Committee Members are people of color 54% of the total workforce are women

42%

of the total workforce are people of color

Recruiting: New York Life’s talent acquisition diversity strategist sets programming to attract a diverse slate of applicants, and the company practices behavioral-based interviewing across the organization, which helps mitigate unconscious bias during the hiring process.

Talent management: Our Chief Diversity Officer is also Head of Talent Management, which helps integrate diversity, equity, and inclusion into efforts involving our development of and investment in employees. Education and awareness: We continue to learn and grow as a company through our rich community of Employee Resource Groups (ERGs), ODI’s annual programming and campaigns, and diversity and inclusion training programs.

Reporting and analytics: We make sure that our diversity, equity, and inclusion work uses tangible metrics that are actively monitored by the Chief Diversity Officer and are reviewed with the executive team regularly.