Inclusion & Diversity - Hormel Foods Corporate Responsibility Report

We believe a diverse workforce fosters innovation and cultivates an environment filled with unique perspectives.

2021 Highlights

Diversity

Diverse Board Of Directors

four women and six persons of color

Best Employers For Veterans

according to Military Times

A Top Female-Friendly Company

by Forbes

9

Employee Resource Groups

38

%

Of Our Team

represented by women

Hormel Foods is committed to having an inclusive workplace. We were proud to be named one of the Best Employers for Veterans by Military Times, and one of the World’s Top Female-Friendly Companies by Forbes. We have nine employee resource groups (ERGs) in place to support our mission to create a workplace where our team members feel welcomed, respected and valued. Membership in each group is open to all team members across the company. Our ERGs are:

Black Leaders and Allies Advancing Cultural Knowledge;
Hormel Asian American Professionals Association;
Hormel Food and Agriculture Resource Members;
Hormel Integrating Relevant Experiences;
Hormel Military Veterans Engagement Team;
Hormel Professionals Representing Out and United Individuals & Allies;
Hormel Young Professionals Enterprise;
Nuestra Gente (Hormel Foods Hispanic Resource Group); and
Women’s Insights Network.

For more information about our ERGs, please visit our corporate website.

The company’s Inclusion and Diversity Guiding Coalition helps shape the business and people strategies of Hormel Foods. Additional information about our Inclusion and Diversity Guiding Coalition can be found below.

We partner with a wide array of business associations to support inclusion and diversity both internally and externally. Some of our partners include the National Association of Black Accountants, the National Society of Black Engineers, the Society of Asian Scientists and Engineers, the Society of Hispanic Professional Engineers, and the Society of Women Engineers as well as other multicultural business organizations.

In 2021, we held a spotlight charities campaign to help support inclusion, diversity and hunger relief. The featured organizations for the spotlight charities campaign were: Hollaback!, The Trevor Project and Feeding America. Hormel Foods matched team member and retiree donations to the organizations during the campaign time frame. In total, more than $34,000 was donated to these nonprofits through this effort.*

The 2021-2022 academic year was the first year of our Inspired Pathways program, which provides the opportunity of a free two-year college education for the dependent children of our team members. This monumental program helps many first-generation college students. In 2021, we provided support to over 150 students. For additional information, please visit the philanthropy section of this report.

Executives of our company are held accountable for creating an inclusive, diverse workplace through their yearly incentive plans, which include a component focused on overall belonging scores and the representation of women and underrepresented minorities in our salaried positions. One of our 20 By 30 Challenge goals is to increase the number of women in salaried roles by 25% and the number of underrepresented racial and ethnic minorities in salaried roles by 25% by 2025. In 2021, we increased the number of women in salaried roles by 2.8% and the number of underrepresented racial and ethnic minorities in salaried roles by 9.1% compared to 2020.

About Our Team

19% Were Salaried
Male	67%
Female	33%
Ethnic Minorities	20%

Of Our Salaried Team Members, 52% Were Managers
Male	72%
Female	28%
Ethnic Minorities	20%

Of Our Salaried Team Members, 3% Were Directors
Male	74%
Female	26%
Ethnic Minorities	9%

Our Officer Team
Male	71%
Female	29%
Ethnic Minorities	11%

81% Were Hourly
Male	61%
Female	39%
Ethnic Minorities	65%

Age Workforce Demographics

21,49,30

Under 30 (21%)
Between 30-50 (49%)
Over 50 (30%)

In 2021, 57% Of Our Workforce Was Represented By Ethnic Minorities
Black or African American	27%
Hispanic/Latin(o/a), Latinx, Latin American or Afro-Latin American	50%
Asian	14%
American Indian or Alaska Native	1%
Native Hawaiian or other Pacific Islander	3%
Two or More Races	1%
Not Disclosed	4%

In addition, 2% of our team members self-identified as having veteran status, and 2% of our team members self-identified as having a disability.

We work hard to ensure we engage in equitable pay practices so our team members are compensated fairly and appropriately, regardless of gender, race, age or any other protected status. In 2021, there were no substantiated reports of pay discrimination. In addition, we did not have any labor stoppages, strikes or lockouts and, as a result, we did not lose any hours of working time.

Inclusion and Diversity Guiding Coalition

The company’s Inclusion and Diversity Guiding Coalition is focused on creating the conditions for a more inclusive and equitable environment for all and helping to shape the business and people strategies of Hormel Foods. This group represents a range of demographics, perspectives and organizational functions from across the company. By providing input and insight, the coalition is actively engaged in:

Strengthening the company’s alignment around the business value of inclusion and diversity;
Attracting and developing a talented workforce; and
Building and retaining inclusive leaders and teams.

The Inclusion and Diversity Guiding Coalition has been instrumental in bringing the company’s Talent Champion Program to life. This program pairs underrepresented minority talent with an executive sponsor to provide opportunities to gain exposure across the organization. Additionally, this team has been pivotal in championing for inclusive workspaces in our production facilities, including lactation rooms, gender-neutral restrooms and updated locker rooms.

*Some of these donations occurred in calendar year 2021.