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The Case for Emerging Diversity Talent
A New Direction The ongoing increase in minority U.S. population, coupled with growth projections in the upcoming decades, present a tremendous opportunity for companies  who  focus their human capital on developing this quickly growing market and workforce.  This presentation provides insight to the historic changes the U.S. population is experiencing.
Changes in U.S. Demographics Data from U.S. Census Bureau
Consumer Impact  “The Multi-Cultural Economy 2008” a study by The Terry College of Business, University of Georgia, examines the dynamics of these new markets and provides a clear picture of the opportunity  at hand.   The study highlights the business impact of the ongoing demographic  shift and examines the projected market share and buying power increases for each ethnic group.  The results confirm Hispanics have experienced a sharp increase in buying power and market share, while African American  buying power has increased at a rate substantially higher than the total buying power increase for all races.
Understanding the Opportunity U.S. Market Share by Race/Ethnicity* % Increase in Buying Power from 1990 to 2008* U.S. Buying Power by Race/Ethnicity (in billions)* *Selig Center for Economic Growth, Terry College of Business, University of Georgia, “The Multicultural Economy 2008”
Impact of Diversity ,[object Object]
Expedited product development cycles
Market penetration activities are more effective
Higher rates of attraction and retention of talent
Reduces exposure and costs associated with lawsuits and EEOC claims.
Increased community relations and consumer perception
Status quo is more frequently challenged
Advertising campaigns  become more effective
Decision making capabilities  improve through broader perspectives and experiences,[object Object]
Geographical Challenges 90% of Hispanics reside in just 16 states 90% of African-Americans reside in just  21 states Top African American Buying Power States (in Billions):  New York (87.6)  Texas (72.0) Florida (62.9) Georgia (62.6) California (61.8) Maryland (52.3) Illinois (44.0) North Carolina (40.9) Virginia (38.2) New Jersey (34.8) Top Hispanic Buying Power States (in Billions): California (249.0) Texas (171.1) Florida 101.3 New York (75.3) Illinois (41.0) New Jersey (35.6) Arizona (31.3) Colorado (21.0) New Mexico (17.9) Georgia (15.1)

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The Case For Emerging Diversity Talent

  • 1. The Case for Emerging Diversity Talent
  • 2. A New Direction The ongoing increase in minority U.S. population, coupled with growth projections in the upcoming decades, present a tremendous opportunity for companies who focus their human capital on developing this quickly growing market and workforce. This presentation provides insight to the historic changes the U.S. population is experiencing.
  • 3. Changes in U.S. Demographics Data from U.S. Census Bureau
  • 4. Consumer Impact “The Multi-Cultural Economy 2008” a study by The Terry College of Business, University of Georgia, examines the dynamics of these new markets and provides a clear picture of the opportunity at hand. The study highlights the business impact of the ongoing demographic shift and examines the projected market share and buying power increases for each ethnic group. The results confirm Hispanics have experienced a sharp increase in buying power and market share, while African American buying power has increased at a rate substantially higher than the total buying power increase for all races.
  • 5. Understanding the Opportunity U.S. Market Share by Race/Ethnicity* % Increase in Buying Power from 1990 to 2008* U.S. Buying Power by Race/Ethnicity (in billions)* *Selig Center for Economic Growth, Terry College of Business, University of Georgia, “The Multicultural Economy 2008”
  • 6.
  • 8. Market penetration activities are more effective
  • 9. Higher rates of attraction and retention of talent
  • 10. Reduces exposure and costs associated with lawsuits and EEOC claims.
  • 11. Increased community relations and consumer perception
  • 12. Status quo is more frequently challenged
  • 13. Advertising campaigns become more effective
  • 14.
  • 15. Geographical Challenges 90% of Hispanics reside in just 16 states 90% of African-Americans reside in just 21 states Top African American Buying Power States (in Billions): New York (87.6) Texas (72.0) Florida (62.9) Georgia (62.6) California (61.8) Maryland (52.3) Illinois (44.0) North Carolina (40.9) Virginia (38.2) New Jersey (34.8) Top Hispanic Buying Power States (in Billions): California (249.0) Texas (171.1) Florida 101.3 New York (75.3) Illinois (41.0) New Jersey (35.6) Arizona (31.3) Colorado (21.0) New Mexico (17.9) Georgia (15.1)
  • 16. Generational Challenges Data from U.S. Census Bureau
  • 17. Educational Challenges A 2006 U.S. Department of Education study found of all Caucasian children entering kindergarten, 36%will obtain a bachelor’s degree by the age of 29. The same study of African American students showed 20%will obtain a bachelor’s degree. The study also showed that of Hispanic students, only 12%will obtain a bachelor’s degree.
  • 18. Solutions Understanding the challenges and opportunities of targeting these rapidly growing market segments cancreate a significant advantage. When executed properly, a diversity focused employee referral network, a multi-cultural employer branding strategy, and attending key diversity events are traditional ways companies compete for talent. However, many experts believe the best and most cost effective way to develop a strong diverse internal talent pool is by creating a strategic university recruiting program. Targeting multi-cultural students for internships and entry level hires, companies create a pipeline of future leaders, and tap into the largest percentage of these increasing populations.
  • 19.
  • 20. Viable solution to the upcoming workforce shortage caused by retirements
  • 21. Targets the largest and most educated segment of the fastest growing consumer bases
  • 22. Provides opportunity to promote employer branding and customer development
  • 23. Bring innovative and current thinking developed through school curriculum.
  • 24. A tech savvy group who is more affordable to develop and eager to contribute
  • 25.
  • 26. Unable to develop strategic relationships
  • 27. Over reliance on career services
  • 28.
  • 33.
  • 34. Two day conference focuses client resources and time
  • 35. Access to candidates from campuses that would otherwise be missed due to resource constraints
  • 36. Experienced and certified talent assessors completing initial screening and matching
  • 37. Opportunity to interview 100+ of the top campus multi-cultural and student athlete candidates
  • 38. Isolated interview space, and one on one format deliver a preferred candidate experience
  • 39. High likelihood of extending multiple offers
  • 40.