Being a diverse and inclusive company is core to Bank of America
’s ability to deliver on its purpose of growing responsibly by supporting the clients, communities and employees it serves. The company has a long standing commitment to LGBT employees and members of the community, demonstrated in a variety of meaningful ways including external partnerships, corporate values, policies, benefit programs, Employee Networks and the company’s ever expanding Ally Program
Bank of America’s Ally Program was introduced in 2013 by its LGBT Pride Employee Network, one of 11 Employee Networks at the company. LGBT Pride and its 14,000 members worldwide are focused on helping to attract LGBT talent to the company, the career development of LGBT teammates, supporting LGBT inclusive programs, and community support. The Ally Program encourages teammates to show support for LGBT colleagues and help others understand the importance of equality, fairness, acceptance and mutual respect.
“Our allies have a profound impact on our employees’ abilities to bring their whole selves to work,” said Kim Vu, Senior Vice President of Enterprise Business and Community Engagement and an Ally at Bank of America. With more than 60 percent of Gen-Y LGBT college graduates going back in the closet when they start their first job, and seventy-three percent of closeted LGBT workers being more likely to leave their jobs within three years, Bank of America recognizes how disruptive this can be for employees wanting to reach their full potential. “Our allies take ownership in creating a workplace environment that honors diversity, equality and inclusion so all teammates can fully engage and its part of what helps to keep us competitive.”
In addition to supporting a variety of national and local LGBT-focused organizations such as Out & Equal Workplace Advocates, Seattle Police Department Safe Place and Seattle Pride, Bank of America’s LGBT Pride hosts Ally Week—an annual internal employee event to thank and recognize members of the Ally Program, educate employees on what it means to be an ally, and offer learning sessions on being more inclusive of LGBT teammates for all employees.
“Being lesbian, gay, bisexual or transgender isn’t always visible,” said Micheal Bailey, Bank of America Small Business Banker and one of the leaders of the bank’s LGBT Pride Seattle chapter. “Our LGBT employees, along with those who have other hidden diversity characteristics, may feel hidden themselves and that stress and anxiety can prevent them from achieving their life and career aspirations. We want our teammates to know that Bank of America is an inclusive workplace, where everyone’s backgrounds are valued.”
Learn more about Bank of America's commitment to Diversity & Inclusion here