Abstract
Imagine that you are a highly qualified former Hispanic executive who was recently laid off from a fortune 500 hundred company. With in that company you held several key roles in which you were crucial to the success of the organization. In the prior roles you may have never really understood the need or the process of managing diversity. You hold several advanced degrees in key business fields despite all of your experience education and the economy flourishing you can't seem to find a job comparable to were you were. You happen to buy a copy of the Wall Street Journal and on the front page is the article below:
Hispanics are the nation's largest minority group, and the youngest, and the most underrepresented in companies' top management.
Since 1990 the Hispanic population has grown from 22.4 million to nearly 42.6 million. By 2050 they'll account for one out of four U.S. citizens. But of the 10,417 board seats in Fortune 1,000 companies, they hold only 191, and occupy just a scant 1.1% of the executive offices in those companies. Of the top 1,000 corporations, 913 have no Latino officers, and 35 entire industries, like insurance and telecommunications, have no Hispanics at all in executive positions. Search firms say their databases are rich with Latino talent. LatPro, the largest job board for Hispanics, has a database of 240,000 professionals, with 50,000 candidates seeking entry level management positions -- the same $50,000 to $100,000 a year positions companies say they're having trouble filling with diverse professionals. Says Ernesto Fresquez of Fresquez & Associates, an Oakland staffing firm, "I could fill every professional position in a major corporation, from entry level to CEO, with highly qualified, educated and experienced H ...