Asian American and Pacific Islander Heritage Month Barbara Frankel SVP, Executive Editor May 5, 2015 1 2 Assistance For assistance dialing in to the conference, please call 888-259-8414. For basic technical assistance (can’t see slides, can’t hear, etc.), please use the text chat box in bottom right-hand corner of your screen. For other assistance, contact Customer Service at 973-494-0506. You may submit your questions via the web by using text chat box in the bottom right-hand corner of your screen © DiversityInc. Reproduction Prohibited. 3 You Will Receive This Presentation A link to download this presentation will be sent to you within 72 hours. If you do not receive it, contact [email protected] It will also be available in the Web Seminar Library on DiversityIncBestPractices.com © DiversityInc. Reproduction Prohibited. 4 2015 DiversityInc Top 50 Companies for Diversity 1. Novartis Pharmaceuticals Corporation 2. Kaiser Permanente 3. PricewaterhouseCoopers 4. EY 5. Sodexo 6. MasterCard 7. AT&T 8. Prudential Financial 9. Johnson & Johnson 10. Procter & Gamble 11. Wells Fargo 12. Deloitte 13. Marriott International 14. Abbott 15. Accenture 16. Merck & Co. 17. Cox Communications 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. KPMG General Mills ADP Cummins IBM Anthem Eli Lilly and Company Target Kellogg Company New York Life BASF Wyndham Worldwide Comcast NBCUniversal Dell Aetna Allstate Insurance Company The Walt Disney Company Northrop Grumman 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. Toyota Motor North America TIAA-CREF Colgate-Palmolive TD Bank Intentionally Left Blank Time Warner Nielsen Monsanto AbbVie Kraft Foods MassMutual Financial Group Hilton Worldwide Rockwell Collins KeyCorp Verizon Communications © DiversityInc. Reproduction Prohibited. 5 Asian-American Population Source: U.S. Census Bureau © DiversityInc. Reproduction Prohibited. 6 Asian-American Education Source: National Center for Education Statistics © DiversityInc. Reproduction Prohibited. 7 Asian-American Finances Source: U.S. Census Bureau © DiversityInc. Reproduction Prohibited. 8 Asian-American Buying Power Source: Selig Center for Economic Growth © DiversityInc. Reproduction Prohibited. 9 Asian Fortune 500 CEOs Ajay Banga, MasterCard (No. 6 in the 2015 DiversityInc Top 50) Omar Ishrak, Medtronic Satya Nadella, Microsoft Indra K. Nooyi, PepsiCo Richard Hamada, Avnet Ajay Banga Kevin M. Murai, Synnex Francisco D’Souza, Cognizant Technology Solutions Ravi Saligram, OfficeMax Sanjay Mehrotra, SanDisk Omar Ishrak © DiversityInc. Reproduction Prohibited. 10 Asians in Leadership US Top 50 Boards 2.6% 4.7% Top Management 4.6% 4.3% Managers 8.9% 10.6% Sources: Top 50, EEOC, Alliance for Board Diversity © DiversityInc. Reproduction Prohibited. Common Concerns in Getting Asians In Talent Pipeline • Silos in tech jobs • Myth/value of individual contributors • High potential selection • Cultural awareness – raising your hand “There really is a bamboo ceiling. I get this frequently —‘Wow, you have great public-speaking skills.’ I don’t think I would get that comment if I were any other demographic.” – Anne Chow, SVP, Global Solutions & Sales Operations, AT&T © DiversityInc. Reproduction Prohibited. 11 Asian American Market Tariq Khan Adjunct Professor, Marketing New York University Member, Board of Directors Ascend National Association of Asian MBAs Asian & Pacific Islander American Scholarship Fund Asian Pacific Institute for Congressional Studies Growth Challenges 2 § Several segments within Asian-American market § Asian-Americans are extremely brand conscious § Asian-Americans are focused on few career paths § Asian-American talent is in demand § Asian-Americans are not well represented in the C-suites Growth Opportunities 3 § Asian-Americans are among the most talented professionals § Asian-Americans have among the highest representation at the top schools § Asian-Americans are loyal employees (Millennials excluded) § Asian-Americans can bring a diverse global perspective to workplace § Asian economy is booming and Asian-American talent can be the bridge § Asian-Americans have been successful as C-Suite leaders Growth Tips on Talent Acquisition/Retention 4 § Develop a long-term talent acquisition strategy § Secure a buy-in and support from leadership/stakeholders § Work with subject matter experts with access to professional networks § Develop relationships with key professional networks § Build a conducive environment to embrace diverse talent § Provide training and development to cultivate the talent pipeline § Provide an equal opportunity career path to C-suites Asian American Market Tariq Khan Adjunct Professor, Marketing New York University Member, Board of Directors Ascend National Association of Asian MBAs Asian & Pacific Islander American Scholarship Fund Asian Pacific Institute for Congressional Studies DiversityInc Asian Pacific Islander Heritage Month Webinar Donald Fan, Senior Director Global Office of Diversity Walmart Stores, Inc. • More than 260 million customer transac1ons each week • More than 2 million associates • 11,000 retail units under 71 diﬀerent banners in 27 countries • $485 billion net sales in ﬁscal year 2015 Diversity & Inclusion Journey Established Office of Diversity Focus on diversity and inclusion Focused strategy on Inclusion 2010 2003 2004 Rolled out diversity programs 2014 2013 Integrating into business A Diverse Workforce in the U.S. ConﬁdenIal AJorney-‐Client Privileged CommunicaIon API Management Associates Management Category Representa1on Corporate Oﬃcer 5.4% Senior Management 7.0% Mid Management 10.8% Entry Management 5.4% Total Management 6.2% New Hires -‐ Management 13.5% EEO-‐1 Retail: Asian Management 4.7% RepresenIng Women at Every Level 57% 60% 47% 45% 48% % 32% 25% 30% 17% 19% 18% 15% 15% 0% Board Room Fortune 500 Retail Corporate Officers U.S. Labor Force Leverage Scale Walmart Total U.S. Labor Force Source: 2013 Walmart EEO-1 Report; Catalyst Women in U.S. Management & Labor Force: September 2013 Asian Paciﬁc Associates Walmart Asian Markets Asian Paciﬁc Associate Resource Group Asian Paciﬁc Oﬃcer Caucus Universal Competencies API High Performer Development Program Develop 2 Lead Program API Capability Series: PresenIng With Impact Mentoring and Development • • • • • • Develop 2 Lead sponsorship program Mentor Me Leadership on the Move Leadership Academy Lifelong Learning program Inclusion EducaIon API Talent Assignment Global Developmental Assignments • InternaIonal Business Travel with ExecuIves • Short Term Developmental Assignments • FuncIonal Leadership Assignments • Global Leadership Assignments 31 2015 Web Seminar Schedule • • • • • • • • • • May 19 – CEO Commitment June 9 – LGBT Pride Month Cultural Competency June 23 – DiversityInc Top 50 Best Practices July 21 – Supplier Diversity Sept. 8 – Hispanic Heritage Month Cultural Competency Sept. 22 – Mentoring and Sponsorship Oct. 6 -- Disability Awareness Cultural Competency Oct. 13 – Diversity Councils Nov. 3 – Diversity Metrics Nov. 10 – Religion in the Workplace Please contact customer service at [email protected] © DiversityInc. Reproduction Prohibited. 32 Thank You for Attending the Web Seminar • You will receive a follow-up e-mail from us containing the link to download this presentation for future reference • The presentation will be available approximately 72 hours after this event • Questions? Call (973) 494-0506 © DiversityInc. Reproduction Prohibited.
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