In 2015, Intel had revealed its plans to ensure full representation of underrepresented minorities and women in its US workforce in five years’ time. However, it has managed to achieve its goal well before the deadline of 2020 that it had set for itself.
According to the 2018 Diversity and Inclusion Report released recently the representation of women, as well as underrepresented minorities (URMs), has grown in the US over a period of three years. There has been a visible increase in the representation of Hispanics, African-Americans and Native Americans in the country from 2015 to 2018.
Various initiatives taken by the Company have been responsible for this achievement.
Intel has strived to close pay gaps for some time now. It has ensured pay equity by gender and race/ethnicity and will keep working in this direction in future too.
The Company has expanded the flexibility of its health and welfare plans to cover an eligible domestic partner and their children. This only goes to prove how committed Intel is to creating an inclusive workplace.
Intel’s supplier diversity spending has increased from US$150 million in early 2015 to US$650 million by the end of 2017. It is well on its way to accomplishing US$1 billion in annual spending with diverse-owned suppliers and the related goal of US$100 million on women-owned businesses globally, in 2020.
Intel, being a founding member of the Reboot Representation Tech Coalition Report, intends to improve women representation in the computing industry. The Report is aimed at closing the gender gap in the technology sector. Along with 11 other companies, Intel has vowed to invest over US$12 million to ensure a two-fold increase in the number of women of colour obtaining a graduate degree in computing in the US by 2025.
Not surprisingly, Intel’s efforts and commitment have paid off. The percentage of URM representation has gone up by 17.7 per cent, whereas that of African-Americans has gone up by 31.4 per cent. For Hispanics, representation has gone up by 10.8 per cent since 2015. The figure for Native Americans has risen by 40 per cent and for women in total by 8.5 per cent.
The overall changes in diversity increased 2.2 per cent for URMs, 1.1 per cent for African-Americans, 0.9 per cent for Hispanics, 0.2 per cent for Native Americans and 2.1 per cent for women in total.