- African American representation at Intel increased by 0.2% since 2016
- U.S. black employees in 2017 rose to 3.9%
Tech titan Intel (INTC +1.7%) released its 2017 annual report on diversity. The semiconductor chipmaker is ahead of its overall workforce goals, but still struggling to hire, retain, and promote black talent. Just how much of a gap does the company need to close with black employees?
Why This Matters: Progress is slow and moving less than a percentage point at a time. African-Americans account for more than 85% of Intel’s remaining gap to full representation. Black employees at the company increased by 0.2% accounting for 4% of its U.S. workers last year.
Intel’s goal to reach full representation by 2020 was backed by a $300 million investment to develop tech talent. They targeted “market availability”, investing in scholarships and partnering with HBCUs. The company has identified three target areas to help increase black representation within the organization: sponsorship, isolation, and informal networks.
Situational Awareness: Overall, the percentage of black employees in the U.S. rose in 2017 to 3.9% from 3.7% in 2016. Hiring and retention of African-American workers is the largest area of improvement Intel needs to make. In terms of representation at the highest levels of the company, Intel added Risa Lavizzo-Mourey to its board of directors in March.
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