NEW Best of Diversity Best Practices
NEW's Best of Diversity Best Practices is a 20,000-word report with solutions gathered from NEW members, sponsor companies and experts in the field of human resources and diversity. Subjects include multicultural workforces, Latinas, work/life balance, shopability, affinity networks, women of color and management diversity.
For print copies in bulk contact Tracy Lavizzo at (312) 693-5008.
Top takeaways from
The Best of Diversity Best Practices
63 percent of companies have goals for increasing workforce diversity,
only 36 percent have set the goals necessary for recruiting diverse
candidates in the first place. Only 12 percent of smaller companies
take the vital step of linking compensation to diversity results." --Page 9
"Women of Hispanic origin are one of the fastest-growing groups in the
U.S. labor force and they are growing in education as well as numbers.
The number of Hispanic women earning bachelor’s degrees increased 150
percent from 1990 to 2000 and the number earning master’s degrees
increased 169 percent." --Page 14
"Two out of three workers are dissatisfied with their work/life balance.
Work/life balance is not an issue for women only – 24 percent of men
have taken career off-ramps compared to 37 percent for women
executives." --Page 18
are turning to work/life solutions to increase their competitive edge.
They are maintaining or increasing their commitment to flextime
policies, allowing employees to change starting and quitting times
(77%), moving from full to part-time work (55%), offering compressed
workweeks (44%) and permitting employees to work off-site or from home
(35%)." --Page 21
"Employee resource groups, a.k.a. affinity networks, offer a huge upside
potential with very little investment. They help recruitment and
retention, increase morale, provide insights into diverse markets,
build bridges to outside communities, reduce grievances and empower
employees." --Page 26
asked about their career prospects, the majority of women of color
executives surveyed were not optimistic. Many women of color believe
that to move up they have to move out. Studies confirm that women of
all colors are leaving the top ranks of business." --Page 30
management is less likely to make mistakes caused by “group think” and
more likely to challenge conventional wisdom. That could explain why
companies with the most women in management have the highest return on
equity." --Page 33