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Video: Diversity & inclusion make a difference

Peter Krass's picture

by Peter Krass on 09/29/2022
Blog Category: advanced-technologies

Having a diverse workforce isn’t just a good idea — it’s also good business.

A study by consultants McKinsey & Co. found that companies with culturally and ethnically diverse management teams outperform less-diverse competitors by an impressive 33%.

Overall, the tech industry has some catching up to do. Compared with the overall private industry, the high-tech sector employs more whites, Asian Americans and men, and a smaller share of Blacks, Hispanics and women, according to the U.S. Equal Employment Opportunity Commission (EEOC).

In addition, men are represented at a higher rate among tech industry executives. About 80% of tech execs are men, compared with 71% across the overall private sector, the EEOC says.

If your tech provider company hasn’t yet initiated an inclusion program, you may need to catch up. Nearly 8 in 10 companies recently surveyed by compliance-training company Traliant say they plan to allocate more budget and other resources to their diversity, equity and inclusion (DEI) programs over the next year.

Diversity inside

One company already active in this area is Intel. Among the company’s initiatives is the creation of leadership programs aimed at creating a more inclusive culture.

Intel has also set ambitious diversity goals. By 2030, Intel plans to increase the number of women in senior technical roles to over 40%, and double the number of women and minorities in senior leadership roles.

To learn more, watch this short video, a recent entry in our “What’s in IT for Me?” video series hosted by Katie Bavoso of CRNtv:

 

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