Culture, Diversity, Equity and Inclusion Report

2022 (FY23) CDEI Annual Report Cover Art with collage of associate photos

6 Key Takeaways from the 2023 Culture, Diversity, Equity & Inclusion Annual Report

  1. Officer representation in the U.S. for women and people of color is at the highest levels since at least 2020. We continue to see steady progress in diversity representation among our company’s senior leadership. Women comprised 36.75% of U.S. officers as of January 27, 2023, which is up +4.95% from 31.80% on Jan. 31, 2020. Similarly, People of Color represent 27.61% of U.S. officers, which is up +2.73% from 24.88% on Jan. 31, 2020.

  2. Representation for International Women in Management is trending upward. Despite seeing a decline in representation for International Women Officers, down -5.02% to 32.14% in FYE23 from 37.16% in FYE22, representation for International Women in Management increased +4.09% from 45.96% in FYE22 to 50.05% in FYE23.

  3. Global representation for women in officer positions has increased steadily even as women representation in the total workforce has decreased globally. Walmart has experienced similar regression in our global total workforce representation for Women as seen in broader macroeconomic trends with 53.18% representation today as compared to 55.18% two years ago. Meanwhile, representation in higher paying leadership positions has increased over the same period. Women currently represent 36.13%of our global officers – up +2.85% from 33.28% two years ago – and are 46.14% of our global management ranks, which is up from the 45.25% figure from our published 2020 year-end report.

  4. U.S. hourly to management and management-to-management promotions overall for People of Color has increased. U.S. hourly-to-management promotions saw a significant uptick for People of Color distributed YOY to 43.44% in FYE23 from 41.08% in FYE22. Asian U.S. hourly-to-management promotions increased YOY by +0.42% to 3.45% FYE23. African American U.S. hourly-to-management promotions also grew to 16.99% in FYE23, an increase of +1.95% as well as 2+ Races U.S. hourly-to-management promotions, increasing +0.53% to 4.15% in FYE23. U.S. management-to-management promotions for People of Color also increased by +2.75% from 39.68% in FYE22 to 42.43% in FYE23.

  5. Asian and Hispanic representation is up year to date across the board. People of Color now represent 49.35% of our total U.S. workforce, which is up +0.65% since Jan. 31, 2022. These gains are driven, in part, by an increase of +0.80% in Hispanic representation to 19.33% , an increase of +0.41% in Asian representation to 4.77% , and an increase of +0.37% in Asian new hires to 2.99% . Additionally, U.S. Management representation for People of Color is up +2.14% since Jan. 31, 2022, to 40.65% , driven by a +1.63% gain in Asian management to 13.11%. Asian officer representation in the U.S. is currently 8.96%, which is up +0.76% since Jan. 31, 2022, while U.S. officer representation for Hispanics is up +0.27% to 5.67% for the same period.

  6. The makeup of our new hire population is becoming increasingly diverse. People of Color represent 58.16% of our U.S. new hires year to date, which significantly outpaces the 49.35% rate at which People of Color are represented in our total U.S. workforce. This new hire rate of 58.16% is also at its highest level in at least two years, as it was 55.00% at the 2020 fiscal year-end point. The current new hire rate of 29.29% for African Americans is up +0.43% from the end of Fiscal Year 22 (Jan. 31, 2022) and outpaces the current 20.52% total U.S. workforce representation for African Americans by +8.77%.
2023 Culture, Diversity, Equity & Inclusion Annual Report
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