This might just be Intel Corporation (NASDAQ:INTC) ‘s year to reach full representation.
By the end of this year, the company expects that the makeup of its employee will be matching the percentage of women as well as the minorities in the US tech industry. This will be two years earlier than the original set goal of 2020 which was announced in 2015.
In a statement, Intel vice president and director of business HR for CISA who is also the chief diversity and inclusion officer said if the company is making products for the future, the people in the future have to be represented today.
The whole idea of chasing representation entails using the availability of the market, or the number of skilled people which are in the labor market for certain jobs as a hiring goal.
But although Intel might be on track to achieving representation, the company’s latest diversity report which was released recently shows the work toward diversifying may not end with only a certain percentage point. And currently, progress is less than a percentage point at a time.
Just like many tech companies including Alphabet Inc Class C (NASDAQ:GOOG), Apple Inc. (NASDAQ:AAPL) and Facebook, Inc. Common Stock (NASDAQ:FB), Intel make its demographics public. The company does so two times every year, instead of annually. Since around 2014, the industry data has offered evidence to substantiate the sneaking feeling that the tech field is dominated by white men.
THE HERALD FINANCE REPORT
Start your workday the right way with the news that matters most.
The company, which is now 50-year-old, has taken an aggressive stance so as to diversify its workforce. These efforts started with the CEO Brian Krzanich’s $300 million pledge toward diversity efforts in 2015. The company tried not only to look for ways on how to attract diverse hires, but keep them and promote them as time passes by.
Closing the employment gap is a very difficult undertaking. According to his year’s report, black employees make up 85 percent of the remaining gap to achieving full representation.
Cumulatively, the percentage of black workers in the US went up in 2017 from 2016 to 3.9 percent from 3.7 percent. The percentage of Hispanic workers increased to 8.7 percent from the previous year’s 8.2 percent. The number of women employees increased to 26.5 percent from the previous year’s 25.7 percent.