INTEL HAS MADE PROGRESS SINCE IT ANNOUNCED ITS $300 MILLION DIVERSITY INITIATIVE LAST YEAR, BUT RETENTION IN SOME AREAS IS STILL A PROBLEM.
It’s been a year since Intel’s CEO Brian Krzanich announced a $300 million, five-year plan to bring the company’s workforce to “full representation” by 2020. A few months ago, we reported that the company surpassed its hiring goals for 2015.
In its ongoing effort to be radically transparent about the progress it’s making toward diversity and inclusion in a number of areas (not just hiring), Intel issued another report on its first full year of results. Not surprisingly, the company is pleased with the strides it’s already made for an investment of $52.4 million across the board in 2015.
Overall, Danielle Brown, Intel’s chief diversity and inclusion officer, noted that the company has continued to hold every one of its more than 107,000 employees accountable to its diversity goals through a company-wide bonus program, a strong factor in determining how it exceeded its hiring goals last year. According to the report, the program yielded more than twice the number of referrals as in the previous year. Intel’s efforts to recruit a more diverse staff also pushed into more schools with greater diversity (a move we’ve reported can impact the number of black engineers at a company) and conferences.