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Tech giant Intel recently released its Diversity & Inclusion Annual Report 2016, detailing the state of women and minorities within the company. While the report makes clear that the overall increase of underrepresented minorities in Intel’s U.S. workforce was small—reaching 12.5 percent in 2016, up from 12.3 percent in 2014—the company achieved 100 percent pay parity and promotion parity for both women and underrepresented minorities.
Further Findings:
- Intel exceeded their 2016 hiring target with 45.1 percent diverse hiring
- Positive gains were made in the overall representation of women, which rose 2.3 points since 2014 to 25.8 percent
- Intel met its overall diverse retention goal, retaining diverse employees better than parity, meaning they retained the overall diverse population at a higher rate than the counterpart majority
These developments demonstrate the importance of releasing annual reports that communicate the state of D&I at companies and reveal whether progress is taking place. Without accountability, D&I can easily fall by the wayside, making the progress that has been created up to this point obsolete. By keeping themselves accountable, companies can remain dedicated to diversity and encourage others to do the same.
From meeting its retention goal to the incredible achievement of pay parity for women and underrepresented minorities, Intel is moving forward. Evidenced by the small rise of underrepresented minorities in their U.S. workforce, there is room for improvement and work left to be done.
The important thing to recognize is strides are being made, and any forward movement is better than standing still or regressing.