Best Buy is proud to be included on the 2022 Forbes list of Best Employers for Diversity as one of the top four retailers on the list. It’s our third consecutive year making the rankings that recognize leadership and commitment toward building a more inclusive workplace.
We were named to this list based on results from a survey of 60,000 people who ranked their employers on topics such as age, gender and LGBTQIA+ equality. Companies were also evaluated on diversity among top executives and board members.
A main priority for Best Buy is continuing to build an inclusive culture where everyone feels like they belong. We aim to reflect the population of the communities we serve to deliver exceptional experiences for our customers and our employees.
To support our company’s inclusion, diversity and equity goals, we have previously shared these commitments that we aim to achieve by 2025:
- Hiring: Fill one out of three new, non-hourly corporate positions with BIPOC employees. Additionally, one out of three new, non-hourly field roles will be filled by women.
- Retention: Create parity in retention rates, including transforming our senior leadership ranks to be more in line with our board of directors.
- Reach 30,000 teens annually from disinvested communities across the nation, including building a network of at least 100 Best Buy Teen Tech Centers.
- Provide $44 million to expand college prep and career opportunities for BIPOC students, including 16 scholarships for HBCU (Historically Black Colleges and Universities) students.
- Expand opportunities for BIPOC teens in the Twin Cities by investing in our local Teen Tech Centers, creating a scholarship fund, and committing to hosting internships and offering jobs to teens.
- Suppliers: Spend at least $1.2 billion with BIPOC and diverse businesses, including our $10 million commitment with Brown Venture Group, a venture capital firm that focuses exclusively on Black, Latinx and Indigenous technology startups in emerging technology.
About the list
Forbes partnered with market research firm Statista to compile the list of Best Employers for Diversity by surveying Americans working for businesses with at least 1,000 employees. Respondents were asked to rate their willingness to recommend their company to friends and family, as well as rate other companies that stand out positively or negatively regarding diversity.