Only about 25% of Latinos say they feel fully included at their workplaces, according to a new report from Bain & Company, a management consulting firm. Why does it matter? Latinos accounted for around 80% of workforce growth from 2010 to 2017, the fastest growing demographic. Seventy percent of Latino workers say inclusion is a critical factor when evaluating prospective employers, the study found. READ MORE AT AXIOS
Seven out of 10 Americans attribute the country’s economic growth to Latino population growth, reflecting that U.S. Hispanics have the highest workforce contribution rate (65.6 percent) and have started the most small businesses out of any other population group over the last decade.
There are significant areas where misconceptions about the Latino workforce can be corrected:
• More than 75 percent of Americans believe Latino immigrants have a lot to offer this country and are an economic boost (Asian, 87 percent; Black, 85 percent; White, 76 percent).
• Many non-Latinos also believe undocumented immigrants are taking jobs Americans depend on (Asian, 55 percent; White, 53 percent; Black, 49 percent), though undocumented immigrants make up only 13 percent of all Latinos in the United States.
• The view that Latinos are farmworkers is prevalent, even among Latinos, who believe half of Latinos fit that description. A commonly held misperception is that “farmworker” describes more Latinos than “entrepreneurial or business-minded,” despite U.S. Latinos creating the most small businesses in the country over the last 10 years. READ MORE AT LOS ANGELES BUSINESS JOURNAL
Diverse Companies Earn 2.5 Times Higher Cash Flow Per Employee and Inclusive Teams Are More Productive by Over 35%. The global market for Diversity and Inclusion (D&I) estimated at US$9.3 Billion in the year 2022, is projected to reach a revised size of US$15.4 Billion by 2026, growing at a CAGR of 12.6% over the analysis period. READ MORE AT GLOBAL NEWSWIRE
Latinos in the U.S. and Latin Americans are more likely than others to reconsider the workplace after the pandemic, Marina writes. Two-thirds of Latinos polled in Microsoft’s say they are now much more conscious about prioritizing health over their work when it comes to going to the office, and 60% say they are considering changing jobs in response. READ MORE AT AXIOS
The tech industry is growing in Arizona and nationally, with net employment in 2018 bringing on more than 260,000 new jobs nationally. Since the employment shortage that followed the Great Recession a decade ago, net tech employment has increased by an estimated 1.9 million jobs. Yet, as the industry is growing, it’s leaving people of color and women behind. READ MORE AT CRONKITE NEWS
Latinos will make up more than 1 in 5 U.S. workers by 2030. Yet despite high rates of job participation and entrepreneurship, a massive wage gap is one of the factors hindering their economic mobility, a new study has found.
The wage gap for Latinos is as high as $288 billion per year, according to "The economic state of Latinos in America: The American dream deferred," a report by McKinsey & Co. in partnership with the Aspen Institute, which was released Wednesday. READ MORE AT NBC NEWS
Executives assess demographic data about their company and make decisions about their D&I success by comparing it to a benchmark. If the numbers are low, they seek to “solve” the problem via talent acquisition or by fast-tracking promotions. This may boost their demographic figures temporarily, but the improvement typically doesn’t last. READ MORE AT HBR
A diverse workplace celebrates a mix of voices, backgrounds and cultures. No matter where your company is on its Diversity, Equity and Inclusion (DEI) journey, recruitment is an important element to assess.
Here are four tips to help you shape your strategy and build a diverse talent pipeline. READ MORE AT DEMOCRAT & CHRONICLE
Racial and ethnic groups, as well as industry sectors, define the workplace's current D&I perception, a challenge because white voices dominate 60% of the U.S. workforce. The latest GER report stated it found "strong evidence that workers from different racial and ethnic groups disagree about the current state of workplace D&I at their companies." READ MORE AT TECHREPUBLIC
When the Black Lives Matter movement gained mainstream traction last year after the murder of George Floyd, many people engaged with the importance of being actively anti-racist and committing to being an ally in every part of life. This includes the workplace where pushing for diversity and inclusion is particularly important. READ MORE AT STYLIST
For many companies and organizations, the past year has provoked critical conversations around diversity, equity, and inclusion (DEI) and inspired many to take necessary steps to address systemic racism. While the Boys & Girls Clubs of Metro Atlanta (BGCMA) has been advocating for racial equity for over 80 years, we too have been on our own DEI journey over the past year. With nearly 90% of our youth identifying as African American or Latinx and the large majority of our employees coming from racially diverse backgrounds, this past year has been a deeply introspective period for our organization. READ MORE AT SAPORTAREPORT
In response to this deeply charged and meaningful moment in our history, many companies and industry leaders felt pressure to make public their commitment to rectifying institutional bias within their own homes. Many issued statements and launched initiatives to combat discrimination and cultural bias.
Along with this social and institutional reckoning has certainly come a lot of progress when it comes to DEI, but many feel that there is much farther to go. READ MORE AT FORBES
Many organizations recently have looked to apply diversity, equity and inclusion initiatives in their workplace. While diversity and inclusion in technology involves developing and nurturing these practices internally, companies should also consider the diversity of the people who use their products. READ MORE AT THE SERVER SIDE
Companies that want to provide customers with the best possible product or service -- and improve their bottom line -- need to recognize the diversity of those customers and employ people who reflect similar demographics.
Meet customers where they are.
Recognize that your entire customer base does not think or act in lockstep. Learn more about them to gauge how you can better meet their needs, Crichlow said. Encompassing inclusivity in your products or services can broaden your market, too. READ MORE AT SMARTBRIEF
The concept of diversity and inclusion (D&I) has continued to gain traction in corporate circles in recent years, as business leaders are beginning to see the untapped benefits to corporate culture and business success. When employees who differ in a lot of ways from their colleagues feel that their presence in an organization is valued and respected, they flourish, and the company, in turn, benefits from their unique ideas and skills. However, not many employers have realized this potential. READ MORE AT CORPORATE WELLNESS MAGAZINE
October 29th is Latina Equal Pay Day—a day designed to highlight pay disparities between Latina’s and white, non-Hispanic men. Latinas earn 55 cents for every dollar made by their white male counterparts. In order to close this gap, it will take awareness on the part of corporations as well as structural and systemic changes.
Two Latina women shared their experiences in the workplace and offer advice for how we can begin to close the wage gap and create more equity. READ MORE AT FORBES
Insights from the “Future of Work is Here” report provide employers and employees around the globe with tangible takeaways on how they can boost their competitive advantage in today’s evolving workforce and respond effectively to megatrends that have been accelerated by the COVID-19 pandemic. READ MORE AT MARKETSCALE
The devastation of the pandemic has cut deep and wide across the economy. Some of the worst job losses so far are among Latinas.
That’s because some of the hardest hit sectors of the economy are dominated by women, and particularly Latinas. Hospitality, retail and health care have all seen big job losses that have left Latinas vulnerable, says Elise Gould with the Economic Policy Institute.
“The unemployment rate for Hispanic women sits at 20.2%,” Gould said. “That’s 1 in 5 Hispanic women are now unemployed.” READ MORE AT MARKETPLACE
Whether searching for a job, marketing your business, or trying to sell your expertise, a personal brand will help you get there faster. But cultivating a personal brand is more than just being popular: It’s being known for what you can deliver. READ MORE AT BUSINESS2COMMUNITY
If you are recently unemployed or if you’ve been searching for a while, you don’t need to put your job search on hold. There are employers who are still hiring.
In fact, there are many employers who are in critical need of workers. READ MORE AT HOLLAND SENTINEL
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