1 Diversity Budget & Resource Allocation – Survey Results CareerXroads Colloquium – Boston October 21 & 22.

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Presentation transcript:

1 Diversity Budget & Resource Allocation – Survey Results CareerXroads Colloquium – Boston October 21 & 22

Purpose Gain an understanding of how different organizations allocate / manager financial and human resources against diversity recruitment activities.

Questions 1.What is your diversity recruitment budget for North America? 2.How many people (FTE’s) do you have supporting diversity recruitment?

Participants 27 Companies Participates uPepsiCo uYum Brands uT-Mobile uSprint uPizza Hut uCisco Systems uGeneral Mills uBank of America uThe BOC Group uCNA uSunLife Financial uFederated Department Stores Inc. uBausch & Lomb uRBC Financial Group uNCR uThe Gillette Company uGetronics uAbbott Laboratories uKraft uWachovia uBroadcom Corporation uMerrill Lynch uEdward Jones uAlliant Energy uGAF Materials Corporation uBarnes Group Inc. uDuPont

Trends Q1 – Diversity Recruitment Budget o 13 have dedicated budget 1 – Outreach / community (part of Corporate Diversity) 2 – Provided Estimates 4 – Focus is on career fairs / conferences Range from $10K to $500K o 14 have no dedicated budget Themes ……  Built into overall recruitment budget  Career fairs / conference charged back to business unit  Business units contribute / budget for diversity events

Trends Q2 – Diversity Support (FTE’s) o 15 include diversity as part of recruiters core responsibilities o 12 have dedicated headcount allocated to diversity Range for 0.25 to 6 FTE’s 1 organizations FTE was dedicated to campus diversity activities

Conclusions uNo common theme on how organizations allocate resources against diversity. uThose organizations that have budgeted for diversity, are still unable to provide the true expense. uThe majority of organizations include diversity as a core responsibility for their recruiters. oHow is accountability assigned and success measured? uQuestions for discussion; oShould diversity be a separate line item within recruitment budget? oIf business units have diversity goals …… who should pay? Follow up questions: Group Discussion 1.What is your total recruitment budget? 2.Of your total recruitment budget, what percentage is dedicated to diversity activities?