The DiversityInc Top 10 Companies for Asian Americans
By the Editors of DiversityInc. Date Posted: May 05, 2008
What makes an Asian American join a particular company--and stay
there and get promoted? Find out how these companies create a culture of
inclusion for ALL of their employees, which puts them on this specialty
list.
Consider these points of
comparison:
- Fourteen
percent of their U.S. work
forces were Asian, compared with a Top 50 average of 9 percent and a U.S.
average of 5.1 percent, according to the EEOC
- Nineteen
percent of their new hires in the United States were Asian, compared
with a Top 50 average of 10 percent
- Twelve percent
of their managers were Asian, compared with a Top 50 average of 9 percent and a
national average of 4.2 percent, according to the
EEOC
- Asians
received 14 percent of management promotions at this Top 10, compared with a Top
50 average of 10 percent
- They average
68 percent of their managers participating in mentoring programs, compared with
a Top 50 average of 35 percent
- Twenty-four
percent of their employees were in employee-resource groups, compared with a Top
50 average of 19 percent
Here's the list and a key factor why each company was
named:
No. 1:
Johnson & Johnson, No. 8 in The 2008 DiversityInc Top 50 Companies for
Diversity®.
Also on The Top 10 Companies for Executive Women and The Top 10 Companies for
LGBT Employees.
The company reports that 10 percent of its U.S. managers
were Asian, while 12 percent of management promotions went to Asians. Thirteen
percent of all women managers in the United States were Asian, while 14
percent of management promotions for women went to Asian
women.
No. 2:
IBM, No. 9 on the Top 50. Also, one
of DiversityInc's Top 5 Global Diversity Companies, Top 10 Companies for LGBT
Employees and Top 10 Companies for People With
Disabilities.
While the company's U.S. work force currently has 12
percent Asians, that percentage clearly is changing. IBM reports that 23 percent
of new hires in the United
States were Asian. The trend also is apparent
when one looks at generational diversity. Of its current work force, 6 percent
of those 55 and older were Asian, 13 percent of those between the ages of 25 and
54 were Asian, and 18 percent of those 25 or younger were
Asian.
No.3:
Merrill Lynch & Co., No. 7 on the Top 50. Also on
The Top 10 Companies for LGBT Employees.
Sixty percent of managers at Merrill Lynch are in the mentoring
program, which clearly pays off. Twelve percent of U.S.
managers and 16 percent of managers receiving promotions were Asian. Thirteen
percent of female managers were Asian, but 19.25 percent of women managers
receiving promotions were Asian.
No. 4: Deloitte, No.
16 on the Top 50.
Also on The Top 10 Companies for LGBT Employees and The Top 10 Companies for
People With Disabilities.
Twenty percent
of the Big Four firm's U.S. work force was Asian, but 27
percent of new hires were Asian. Also, Deloitte's board is 9.5 percent Asian,
compared with a national average of less than 1 percent, according to the
Committee of 100.
No. 5: HSBC Bank
USA, NA, No. 18 on the Top 50. Also No. 2 on
The Top 10 Companies for Supplier Diversity and No. 10 on The Top 10 Companies for Latinos.
Thirteen
percent of the company's U.S. work force was Asian, but 17.25
percent of new hires were Asian. Twenty percent of direct reports to the CEO
were Asian and 11 percent of the top 10 percent highest-paid U.S. employees
were Asian.
No. 6:
PricewaterhouseCoopers, No. 4 on the Top 50. Also No. 10 on
The Top 10 Companies for Recruitment & Retention and in The Top 10 Companies for LGBT
Employees.
While 14.5
percent of the company's U.S. work force was Asian, 17.5
percent of new hires were Asian. In addition, 9 percent of the top 10 percent
highest-paid U.S. employees were
Asian.
No. 7: Abbott, No.
37 on the Top 50.
With 50
percent of its managers in mentoring programs and 21 percent of its work force
in employee-resource groups, Abbott also reports 9.5 percent of its managers in
the United
States were
Asian.
No. 8: Accenture,
No. 38 on the Top 50.
The company
reports that 14 percent of its managers in the United States were Asian, but 15 percent of
management promotions in the United States went to
Asians.
No. 9: Ernst &
Young, No. 17 on the Top 50. Also in The Top
10 Companies for LGBT Employees.
Sixteen
percent of its U.S. work force was Asian, but 20
percent of its new hires were Asian. Eighteen percent of its female employees in
the United States were Asian,
while 22 percent of new female hires in the United States
were Asian.
No. 10: Prudential,
No. 24 on the Top 50.
Although only
8 percent of its U.S. workers
were Asian, 13.5 percent of new U.S. hires were Asian.
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