Marvin Boakye, CHRO, Cummins
Description
Marvin Boakye is the Chief Human Resources Officer of Cummins, where he oversees all aspects of recruitment, people operations, learning and development, culture, and the employee experience.
Cummins is a manufacturer and distributor of engines, power sources, and components for vehicles and industrial use. The firm has nearly 75,000 employees across 190 countries, and ranks #146 in the Fortune 500 with 2023 sales of $34 billion. It consistently outperforms industry peers on returns on investment capital.
Cummins’ core values include integrity, diversity and inclusion, caring, and teamwork. Many companies have similar official values. The difference is that Cummins lives up to them, with employees on Glassdoor speaking more significantly more favorably about these topics than industry peers: up to four standard deviations more favorably. Of more than 500 companies in our large study of culture in 2020, Cummins ranked number one for diversity and inclusion, and has maintained its strength in that area since then, boasting similarly impressive scores for collaboration, integrity, and employee support, among many other dimensions of culture.
In this episode, Marvin discusses how Cummins was able to build a culture that lives up to its core values so successfully and works well for both employees and shareholders.
Link to Cummins 2024 Human Capital Management Report