How Corporate America Kept Its Diversity Promise: It Actually Did

Of note (and despite the reduction of DEI staff):

Mass protests sparked by the murder of George Floyd in 2020 led to a flurry of company promises, both specific and vague, to hire and promote more Black people and others from underrepresented groups.

Overall job growth in 2021 included 20,524 White workers. The other 302,570 jobs — or 94% of the headcount increase — went to people of color.

The biggest shifts happened in less-senior job categories. White people held fewer of those roles in 2021 than they did in 2020, whereas thousands of people of color were added to the ranks. But the trend continued up the job ladder in top, high-paid jobs, too: Companies increased their racial diversity among executives, managers and professionals.

“Those are astounding percentages,” said David Larcker, the director of the Corporate Governance Research Initiative at Stanford University. Read the full analysis.

Source: How Corporate America Kept Its Diversity Promise: A Week of Big … – Bloomberg