BlackRock Best Practices in Multiculturalism

best practices in performance management system
best practices in performance management system

Since its founding in 1988, BlackRock has grown to become the world’s largest asset manager, with more than $4 trillion under management. BlackRock has more than 120 investment teams operating in 30 companies and has clients and investments in more than 100 countries. A multicultural perspective is essential for BlackRock’s leaders.


I visited with three of BlackRock’s senior talent executives to ask: How does BlackRock instill multiculturalism in its leaders? Here are three strategies in BlackRock’s leadership playbook:


  1. One-company culture: Bridging multiple cultures is about more than being empathic to local distinctions. It also and especially means communicating a corporate culture that transcends differences and aligns team members. BlackRock is relentless in aligning its leaders around four guiding principles.


  1. Human Capital Committee: BlackRock’s Human Capital Committee is composed of 35 senior line leaders from around the world. The HCC oversees BlackRock’s talent management, including workforce planning, recruitment, training, appraisal and succession planning. When the team overseeing talent is multicultural, the result is multicultural leaders.


  1. Manager objectives: BlackRock managers must periodically identify their own development objectives, including what they are doing to develop their own multicultural perspective. Business leaders must become the drivers of their own inclusion efforts.


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Louis Carter
Louis Carter is CEO and founder of Best Practice Institute, social/organizational psychologist, executive coach and author of more than 11 books on leadership and management including his newest book just released by McGraw Hill: In Great Company: How to Spark Peak Performance by Creating an Emotionally Connected Workplace. He has lectured globally in the U.S., Middle East, and Asia on his work and research in organization and leadership development and is an executive coach and advisor to CEOs and C-levels of mid-sized to Fortune 500 organizations. He was named one of Global Gurus Top Organizational Culture Gurus in the world and was chosen to be one of 100 coaches to be in the MG100 (Marshall Goldsmith) out of 14,000 people as one of the top 100 coaches in the world .