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ADVANCING
DIVERSE TALENT

The Origin of Advancing Diverse Talent

As we began sharpening our focus on progressing talent in our organization, a closer look at our data led us to our moment of truth: we had MORE work to do around representation. Our progress was not reflective of our inclusive culture. This discovery was a catalyst to shifting how we approach representation at Synchrony. It was where we redefined what it would take to succeed on our own terms. It’s where we committed to invest more deeply and leverage the collective strength of our people to help accelerate change. It’s where Advancing Diverse Talent (ADT) was born.

ADT Approach

A diverse workforce at every level has always been part of our foundation. We continue to focus on progressing all talent in our organization. We’re learning that where we focus, we make progress. We are building the next generation of leaders, not just for our company but for the world. We understand that there are so many possibilities in our world, but access to those opportunities is not equal for everyone. We are changing that, starting within our doors. Advancing Diverse Talent (ADT) is Synchrony’s global diverse talent methodology designed to increase and sustain our focus on representation and progression across our most underrepresented groups.

Annually, we examine our workforce representation data, identify opportunities, and inform strategies to advance underrepresented talent.

Our analyses help us identify our most underrepresented groups, but it doesn’t mean we take our eyes off other groups. Rather, as ADT has matured, we’ve expanded our focus to analyze our full talent ecosystem, making sure we are increasing access to opportunities, that we have people in our internal and external pipelines, and that they can compete for and ultimately win jobs. As a result, we are better equipped to provide the necessary support and help our leaders take action.

We know there is no finish line, but, energized by our Guiding Principles, we are building a culture of continuous improvement. A workplace where we evolve with society and our people have the chance to chart their own paths on their terms.

“Data will always be fundamental to deepening EDIC at Synchrony. We consistently look at data to understand our progress and determine where we can applaud our successes and where we need to invest more to become the company we want to be. It’s how we hold ourselves accountable. With that in mind, I am proud of the strides we have made to advance talent and make EDIC part of our fiber. And I am most proud that even with all of our successes, we still have an unquenchable desire to do MORE.”

Michael Matthews
Synchrony Chief Diversity &
Corporate Responsibility Officer

ADT Methodology

Without the right application, data is just numbers. We take representation seriously and are committed to getting it right—and that comes with getting real about the numbers and the story they tell. We take a multi-pronged approach to how we assess data and progress: even when we see an improvement in net new numbers, we go deeper to make sure that a positive change in numbers actually signals progress and not simply changes in our employee population. For example, if our overall employee population decreases, our diverse representation may go up as a result. That’s not true positive change. We want to know the difference.

For us, it’s about placing the data into context, and using the following approach helps us best understand our numbers:

  • Focus on net new increases in overall headcount amongst our areas of focus.
  • Monitor the changes in the total workforce population to ensure we have the best context.

We can’t continuously strive for MORE without understanding where we have been and where we are right now. While not perfect, this approach allows us to proactively address representation progress or the lack thereof. It enables us to reflect movement relative to total workforce fluctuations accurately.

We continue to focus on diversity while staying true to our core value that the best qualified candidate will always win the job.

ADT Outcomes (U.S.)

While our progress has not always resulted in linear outcomes, rather than getting defeated, we’ve strengthened our focus. We applied learnings to make incremental changes and improvements that have led to us seeing significant progress.

In our fourth year, we identified two new areas of focus, including women and Native, in addition to continuing to focus on Black and Hispanic talent—all at the vice president level and above.

Level 15+ | Total Headcount by ADT Area of Focus

  • 2020
  • 2021
  • 2022
  • 2023
  • 2024
Black Bar Chart from 2020 to 2024
Hispanic Bar Chart from 2020 to 2024
Native Bar Chart from 2023 to 2024
Women Bar Chart from 2023 to 2024

Level 15+ | Senior and Executive Vice Presidents

Since January 2, 2020, U.S. ADT progress had included:

  • An increase in Black Representation by 6%
    • 30% of 37 external hires
    • 15% of 81 promotions*
  • An increase in Hispanic Representation by 3%
    • 27% of 37 external hires
    • 6% of 81 promotions*

Since January 1, 2023, U.S. ADT progress included the addition of Native and women (no Native representation at L15+):

  • An increase in Women's Representation by 2%
    • 55% of 11 external hires
    • 52% of 25 promotions*

Level 12 – 14 | Total Headcount by ADT Area of Focus

  • 2020
  • 2021
  • 2022
  • 2023
  • 2024
Black Bar Chart from 2020 to 2024
Hispanic Bar Chart from 2020 to 2024
Native Bar Chart from 2023 to 2024
Women Bar Chart from 2023 to 2024

Level 12 – 14 | Vice Presidents

Since January 2, 2020, U.S. ADT progress had included:

  • An increase in Black Representation by 1%
    • 16% of 332 external hires
    • 11% of 399 promotions**
  • An increase in Hispanic Representation by 1%
    • 11% of 332 external hires
    • 8% of 399 promotions**

Since January 1, 2023, U.S. ADT progress included the addition of Native and women:

  • An increase in Native Representation by <1%
    • No external hires
    • 2% of 157 promotions**
  • An increase in Native Representation by <1%
    • 36% of 118 external hires
    • 54% of 157 promotions**
  • Headcount for Black and Hispanic based on data from January 2, 2020 – January 1, 2024.
  • Headcount for Native and Women based on data from January 1, 2023 – January 1, 2024, because they were added as a focus area in 2023.
  • *Promotions reflect first time Senior Vice Presidents only.
  • **Promotions reflect first time Vice Presidents only.

ADT Outcomes (India)

Leveraging our learnings from the U.S., in 2023 we deepened our focus on Advancing Diverse Talent in Asia to increase gender diversity in India and sustain our progress in the Philippines. We understand that there are cultural nuances related to geography, so we create country-specific strategies. Our efforts have contributed to broadening the diversity of our teams, while also helping shape policies and benefits that are meaningful to a varied workforce.

India Gender Diversity Representation by Level
2022 2023 2024
Level 12-14 2022: 22% 2023: 20% 2024: 22%
Level 10-11 2022: 23% 2023: 26% 2024: 28%
Level 8-9 2022: 33% 2023: 37% 2024: 41%

Since January 2, 2022, India ADT progress included:

Level 12 – 14
Vice Presidents

  • Gender diversity remained flat
    • 47% of 17 external hires
    • 17% of 96 promotions*

Level 10 – 11
Assistant Vice Presidents

  • An increase in gender diversity by 5%
    • 27% of 146 external hires
    • 29% of 330 promotions*

Level 8 – 9
Entry and Intermediate Professionals

  • An increase in gender diversity by 8%
    • 43% of 421 external hires
    • 49% of 156 promotions*
  • *Promotions reflect first time Vice Presidents, Assistant Vice Presidents and Entry/Intermediate Professionals only.

A message from Michael Matthews and Brian Doubles

When we amplified our intentions to advance Equity, Diversity, Inclusion and Citizenship (EDIC), we understood that the road to sustained progress would be never-ending. We know that leading change, while exciting, is also challenging and that some of the toughest parts will be continually holding ourselves accountable and maintaining our stride. We know that many are being asked to deprioritize EDIC, in light of the scrutiny and division around it. Not us. We believe in this work.

When new challenges arise, we understand the impact of stopping or shrinking ourselves. Instead, we see this as an opportunity to leverage our collective passion, continue to align to our mission and do MORE.

That includes more self-examination. In 2023, we saw increased social and political polarization around EDIC, and it gave us an opportunity to look closer at our efforts and our impact. Instead of pulling back, we remained focused and expanded our conversations, because we understand that creating spaces for diversity of thought is part of what helps make our work relevant, real and sustainable. We remain unafraid to address tough questions and welcome discussions about the importance of Equity, Diversity, Inclusion and Citizenship. We want to hear more stories and varied perspectives and enrich our work through those exchanges.

As EDIC continues to evolve, so will our learnings and our aspirations. For us, it’s not about evolving just for the sake of change or to commune with like-minds. It’s about actively seeking out and listening to diverse voices, striving to understand many lived experiences and, ultimately, broadening our community over time. Taking a balanced approach to our efforts, we continue to invite more people into our EDIC community and create environments where everyone feels heard and supported.

We are not perfect but that has never been our goal. Rather, we value progress—even in the midst of learning and growing—and that focus helps us remove barriers to our ability to successfully assess our performance, stay agile and consistently think of new pathways to bring about progress. And we are emboldened by our people continually sharing their feedback on our actions, as they challenge us to be better.

In our second diversity report, we share how our commitment to MORE has resonated throughout our organization and in the communities we serve. Each year we make progress on the aspirations of our EDIC North Star—to enrich every life we touch by leading with Equity in everything we do—and that is inspiring and affirming.

We are proud of our evolution, have momentum to continue to push forward and are motivated to do MORE, see MORE and feel MORE. Thank you for sharing in this journey with us.

Michael Matthews
Synchrony Chief Diversity &
Corporate Responsibility Officer

Brian Doubles
Synchrony President &
Chief Executive Officer

Level 15+ | Total Headcount by ADT Area of Focus - Black

Level 15+ | Total Headcount by ADT Area of Focus - Hispanic

Level 15+ | Total Headcount by ADT Area of Focus - Native

Level 15+ | Total Headcount by ADT Area of Focus - Women

Level 12 – 14 | Total Headcount by ADT Area of Focus - Black

Level 12 – 14 | Total Headcount by ADT Area of Focus - Hispanic

Level 12 – 14 | Total Headcount by ADT Area of Focus - Native

Level 12 – 14 | Total Headcount by ADT Area of Focus - Women