SPRINGFIELD, Mass., - Massachusetts Mutual Life Insurance Company (MassMutual) announced today that its Latino employee resource group (ERG)—Association of Latinos at MassMutual and Allies (ALMMA)—has been recognized on its first attempt as one of 2015’s Top 25 U.S. ERGs and Diversity Councils by the Association of ERGs & Councils, a Prism International, Inc. partner company
Named 12th among over 538 participants, MassMutual is recognized as a company that has demonstrated diversity and inclusion results in their workforce, workplace and marketplace and has emerged as one of the top Latino employers in the country.
“We are proud to see one of our employee resource groups, which are certainly successful internally, getting recognized by this prestigious industry organization, especially to be among so many impressive diversity and inclusion organizations and initiatives from a variety of industries,” said Lorie Valle-Yañez, Vice President and Chief Diversity Officer at MassMutual. “It is an honor to be named among the top organizations setting the standards in diversity and inclusion.”
“We have worked diligently to transition from Employee Resource Groups (ERGs) to Business Employee Resource Groups (BERGs), emphasizing integration and alignment with the company’s strategic objectives,” said Sylena Echevarria, Assistant Vice President, MassMutual Business Strategy & Support and Chair of ALMMA. “This award speaks to the remarkable work being done by the passionate and dedicated members of our ERG, and the difference we are making within our company.”
The ERG & Council Honors Awards recognize and honor contributions and achievements of U.S. Employee Resource Groups (ERGs), Business Resource Groups (BRGs) and Diversity Councils. Through MassMutual’s ALMMA, members promote inclusion among all employees, and provide mentoring, volunteer and development opportunities to employees, while contributing to the company’s strategic business objectives. In addition, the support from top leaders at the company, including ALMMA’s Executive Sponsor, Betsy Ward, EVP, Chief Enterprise risk Officer and Chief Actuary has been instrumental in this process. ALMMA is one of nine different ERGs, all formed to encourage employees with similar backgrounds or interests to contribute to the company’s culture, the community and corporate business strategy.
MassMutual’s holistic approach to diversity and inclusion is demonstrated through its continued expansion of mentorships, early-mid career programs, and scholarship and educational reimbursement programs, as well as community initiatives such as the FutureSmart Challenge, the Career Pathways programs, Junior Achievement, LifeBridgeSM Free Life Insurance Program, and MassMutual Scholars Program, which help provide education and resources to children and families across the U.S.
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyowners consistently since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company’s strong and growing network of financial professionals helps clients make good financial decisions for the long-term.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC, Member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.