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1 Diversity Budget & Resource Allocation – Survey Results CareerXroads Colloquium – Boston...
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Transcript of 1 Diversity Budget & Resource Allocation – Survey Results CareerXroads Colloquium – Boston...
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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?
Participants27 Companies Participates
PepsiCo Yum Brands T-Mobile Sprint Pizza Hut Cisco Systems General Mills Bank of America The BOC Group CNA SunLife Financial Federated Department Stores Inc. Bausch & Lomb RBC Financial Group
NCR The Gillette Company Getronics Abbott Laboratories Kraft Wachovia Broadcom Corporation Merrill Lynch Edward Jones Alliant Energy GAF Materials Corporation Barnes Group Inc. DuPont
TrendsQ1 – 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
TrendsQ2 – 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 No common theme on how organizations allocate resources against diversity. Those organizations that have budgeted for diversity, are still unable to
provide the true expense. The majority of organizations include diversity as a core responsibility for their
recruiters.o How is accountability assigned and success measured?
Questions for discussion;o Should diversity be a separate line item within recruitment budget?o If 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?