While Asian Americans long have
had strong representation in technical fields, their rise in
U.S. management
ranks has been slower. The Top 10 Companies for Asian Americans demonstrate a
long-term commitment to this community and to recognizing, developing and
promoting top Asian-American talent.
Consider these statistics about
this Top 10:
Asian Americans are 8.9
percent of the work force in this Top 10, compared with 7 percent of the Top 50,
4.7 percent of the bottom quarter of survey respondents (there were 256
participants) and 4.4 percent of the
U.S. work force.
(Source: U.S.
Department of Labor)
Asian Americans are 12.2
percent of new hires in this Top 10, compared with 9.8 percent of the Top 50 and
6.3 percent of the bottom quarter of survey respondents.
Asian Americans are 10.3
percent of managers in this Top 10, compared with 7.2 percent of the Top 50, 4.2
percent of bottom-quarter respondents and 5.9 percent of
U.S. managers.
(Source: U.S.
Department of Labor)
Asian Americans are 5.7
percent of CEOs and direct reports in this Top 10, compared with 4.8 percent of
the Top 50 and 1.7 percent of bottom-quarter respondents.
Asian Americans receive
11.2 percent of managers' promotions in this Top 10, compared with 8.3 percent
of the Top 50 and 5.6 percent of bottom-quarter respondents.
Asian Americans are 10.2
percent of the top 10 highest-paid employees in this Top 10, compared with 7.8
percent of the Top 50 and 4.3 percent of bottom-quarter
respondents.
Retention of Asian
Americans at companies in this Top 10 averages 93.7 percent, compared with 89
percent for the Top 50 and 84.6 percent for bottom-quarter
respondents.
Here are the Top 10 Companies for
Asian Americans:
No. 1: Hewlett-Packard
Also No. 9 on the Top 10 Companies for
Supplier Diversity list, No. 4 in the Top 10 Companies for GLBT Employees, and
No. 31 on The DiversityInc Top 50 Companies for Diversity list.
Twelve percent of managers and 9
percent of CEOs and direct reports are Asian American at this company. Of female
managers, 13.5 percent are Asian American.
No. 2: Abbott
Also No. 8 on The DiversityInc Top 50
Companies for Diversity list.
Asian Americans are only 6.3
percent of all managers at this pharmaceutical company but receive 9 percent of
management promotions and are 9 percent of the top 10 percent highest-paid
employees.
No. 3: New York Life Insurance
Co.
Also one of the 25 Noteworthy
Companies.
This company has almost twice as
many Asian-American women in mid-management as the Top 50 (8 percent vs. 5
percent) and a retention rate for Asian Americans of 92 percent. The company is
launching an employee-resource group for Asian Americans
No. 4: Merrill Lynch &
Co.
Also No. 44 on The DiversityInc Top 50
Companies for Diversity list and No. 1 on the Top 10 Companies for People With
Disabilities list.
Ten percent of all managers are
Asian American at the financial-services giant, but 13 percent of management
promotions go to Asian Americans and 9 percent of the top 10 percent
highest-paid employees are Asian Americans.
No. 5: Southern California Edison
Co.
Also one of the 25 Noteworthy
Companies.
Seventeen percent of all women
managers—and 13.5 percent of all managers—are Asian American. Asian Americans
also receive 13 percent of management promotions.
No. 6: Sempra Energy
Also No. 19 on The DiversityInc Top 50
Companies for Diversity list and No. 1 on the Top 10 Companies for Supplier
Diversity list.
Twenty percent of women managers
are Asian American, including 13 percent of women at the CEO and direct-report
level. Of all managers, 13 percent are Asian American.
No. 7: Novartis
Pharmaceutical
Also No. 42 on The DiversityInc Top 50 Companies for
Diversity list.
With a 96 percent retention rate
for Asian Americans, the drug company reports that 12 percent of all managers
and 9 percent of the top 10 percent highest-paid employees are Asian
American.
No. 8: Merck & Co.
Also No. 4 on the Top 10 Companies for
People With Disabilities list and No. 34 on The DiversityInc Top 50 Companies
for Diversity list.
Asian Americans are 9 percent of
all managers (and 10 percent of all women managers) and receive 10 percent of
all management promotions.
No. 9: HBO
Also No. 5 on The DiversityInc Top 50
Companies for Diversity list, No. 6 in the Top 10 Companies for Recruitment
& Retention and No. 8 in the Top 10 Companies for Executive
Women.
Asian Americans are only 6
percent of managers but receive 12 percent of management promotions at the media
company, part of Time Warner.
No. 10: Depository Trust & Clearing
Corp.
Asian-American women are 11
percent of all managers but receive 14 percent of management promotions. Asian
Americans are 10.8 percent of all managers but receive 11.8 percent of all
promotions.
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