It’s been a year since Intel Corporation (NASDAQ: INTC) first released its $300 million five-year plan to improve diversity at the company. They informed a progress at hiring and keeping more women employees but it was not the same with African-American and Latin American employees.
Brian Krzanich, Intel’s CEO, announced last year a $300 million plan that intended to bring the company’s workforce to “full representation” within the next five years (by 2020). This would mean that Intel’s workforce in the United States would match the supply of skilled talent available for current roles.
On Wednesday, the company published a report on its first full year of results. They informed they had a modest progress on increasing the number of women in its workforce but not progress at all on increasing the number of African-American and Latino employees.
“We met or exceeded our overall hiring and retention goals, but we also found some challenging areas, particularly in the retention of our underrepresented minority populations,” Intel wrote in the report about its efforts.
By the end of 2015, 35.5% of Intel’s hires were women and 11.8% were from African-Americans, Latin-Americans and Native Americans.
13,299 was the increased number of female workers at the end of 2015, a good number compared with the 11,836 by the end of 2014. That put women at 24.8% of Intel’s overall workplace, a portion that rose 1.28% points in the course of a year. Technical positions, that represent an 85% of Intel’s overall workforce, were held by the 20.15% of women, meaning 9,176 women took those places and an increase in percentages of 1.18% points.
Intel had 3,670 Latin-American employees at the end of 2015, which is not a big difference compared to the 3,533 at the end of 2014. Latin-American employees made up 8.06% of Intel’s overall workforce, which means the percentage of Latin-American staff declined by 0.08% point.
The percentage of the African-American employees of Intel’s workforce almost remained unchanged. At the end of 2015 there were 1,882 African-American workers at Intel, which means a 3.51% of its overall workforce. From 2014 to 2015, the percentage of employees barely increase to a 0.06 % point.
African Americans in particular left the company at higher rates than other workers, according to Intel. The company said it’s studying the issue with minority employees and top executives.
Their 2016 goal is to retain all its employees.
Source: Intel