Report shows that Corporate America under indexes on the fastest growing community
The Hispanic Association on Corporate Responsibility (HACR), representing 16 national Hispanic organizations in the United States and Puerto Rico, releases its 2010 HACR Corporate Inclusion Index Survey (HACR CII).
As part of the HACR Corporate Accountability Strategy, the HACR CII was conducted to measure Hispanic inclusion strategies at all Fortune 100 and/or HACR corporate member companies, as they relate to employment, procurement, philanthropy and governance.
“While our community has experienced tremendous growth in population and buying power over the last two decades, the Hispanic community has a long way to go before we reach market reciprocity and inclusion across all levels,” said HACR President and CEO, Carlos F. Orta. “The 2010 HACR CII is an important tool because it provides corporations with the ability to measure Hispanic inclusion strategies and where areas of opportunities exist.”
Employment: The report reflects a majority of Hispanics tend to be in more non-exempt than exempt level positions. Efforts to attract and retain Hispanics have improved. The Hispanic attrition rate fell 15% as compared to other ethnic groups.
- Procurement: For Corporate America, the biggest opportunity is investing in Hispanic owned businesses. As the report details, Hispanic spend hovers at 1% of total diversity spend goals.
- Philanthropy: The Center for Philanthropy reported that contributions given by corporations rose to an estimated $14.1 billion, up 5.5%. Nearly one-third of the respondents acknowledged a contribution of 5% or less as their Hispanic give in 2009.
- Governance: The results of this year’s report showed that Hispanic representation on corporate boards remained relatively flat, with Hispanics holding approximately 5% of all open board seats.
The complete report of the Corporate Inclusion Index Survey can only be found on HACR’s website, www.HACR.org, or you can download it here. The data collected from HACR’s Corporate Index Survey was voluntarily submitted by Fortune 100 and/or HACR corporate member companies.