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D i V e R S I T y : STRATEGIC IMPERATIVE A G E N D A Changing Demographics Workforce Scan Purchasing Power CBSR: Ten Step Process Summary The Next Level: Strategic Integration Slide 2 CHANGINGDEMOGRAPHICS Slide 3 D i V e R S I T y : STRATEGIC IMPERATIVE Compelling Reason Why Changing Demographics Slide 4 D i V e R S I T y : STRATEGIC IMPERATIVE Compelling Reason Why Changing Demographics Global Trend Analysis 2B 4B More 2B 4B More Greater Urban Utilization Greater Urban Utilization Older Older Slide 5 D i V e R S I T y : STRATEGIC IMPERATIVE Compelling Reason Why Changing Demographics National 25% of U.S. Population = People of Color U.S. is 5 th Largest Spanish Speaking Country More African Americans in U.S. than Population of Canada Slide 6 D i V e R S I T y : STRATEGIC IMPERATIVE Compelling Reason Why Changing Demographics National 2010: 1 in 4 Children Latino 2020: 33% - People of Color 2030: 70 Million Americans 65+ 2030: 77 Million Baby Boomers 2060: English 6 th Language Slide 7 D i V e R S I T y : STRATEGIC IMPERATIVE Americas population will increase by 50% over the next 50 years, with almost 90% of that increase in the communities of color. -Norman Y. Mineta Secretary of Transportation Slide 8 WORKFORCESCAN Slide 9 D i V e R S I T y : STRATEGIC IMPERATIVE Compelling Reason Why Workforce Scan Workforce Composition 1.Women = 46.3% 2.African Americans = 11.4% 3.Latinos = 13.7% 4.Asians = 4.4% 5.Other Groups = 2.3% -Bureau of Labor Statistics: Monthly Labor Statistics, 11.07 Slide 10 D i V e R S I T y : STRATEGIC IMPERATIVE Compelling Reason Why Workforce Scan Department of Labor BLS: 2000 -2010 Philadelphia: a. Asian labor force inc. = 44.1% a. Asian labor force inc. = 44.1% b. Latino labor force inc. = 36.3% c. African-American labor force inc. = 20.7% Multi-generational workforce Fastest growing age group: 45-64 Slide 11 D i V e R S I T y : STRATEGIC IMPERATIVE Compelling Reason Why Workforce Scan Oil Industry Huge Labor Crisis Oil Industry Huge Labor Crisis ..Shortage in Manufacturing ..Shortage in Manufacturing Not Enough Nurses Not Enough Nurses Slide 12 D i V e R S I T y : STRATEGIC IMPERATIVE Compelling Reason Why Workforce Scan If America is to continue its position as the principal economic force in the global marketplace, it must include all members of its society in productive enterprise. Slide 13 D i V e R S I T y : STRATEGIC IMPERATIVE United States companies with more racially diverse staffs tend to deliver higher shareholder value than other companies. Racially diverse companies generated a share price yield that was 12.8% higher than all of the S&P 500 in 2004. -New Zealand Herald Slide 14 D i V e R S I T y : STRATEGIC IMPERATIVE FORTUNE 500 FORTUNE 500 4 MEN OF COLOR 9 WOMEN 14% BOARD OF DIRECTORS FORTUNE 1000= 19 WOMEN FORTUNE 1000= 19 WOMEN U.S. BOARD OF DIRECTORS U.S. BOARD OF DIRECTORS AFRICAN AMERICANS = 1 ON 39% LATINOS = 1 ON < 10% ASIAN = 1 ON 9% Slide 15 D i V e R S I T y : STRATEGIC IMPERATIVE WHAT AN ORGANIZATION DEEMS ACCEPTABLE IS FOUND AT BOARD AND EXECUTIVE LEVELS. HERE IS WHERE ENTERPRISE-WIDE DECISIONS ARE MADE. HERE IS WHERE DECISIONS ON DIRECTION AND RESOURCE INVESTMENT ARE DETERMINED. -UNKNOWN Slide 16 PURCHASINGPOWER Slide 17 D i V e R S I T y : STRATEGIC IMPERATIVE Compelling Reason Why Purchasing Power Slide 18 D i V e R S I T y : STRATEGIC IMPERATIVE As this report shows, purchasing power in the communities of color will be getting much larger; therefore it is necessary to have a strong business and economic infrastructure that will serve both the communities of color and all of America. Robert L. Mallett, Deputy Secretary of Commerce Slide 19 D i V e R S I T y : STRATEGIC IMPERATIVE Both Fortune 1000 and other businesses need to pay attention to the consumer purchasing power that will result from that growth. -Norman Y. Mineta Secretary of Transportation Slide 20 VENDORPARTNERSHIPS Slide 21 D i V e R S I T y : STRATEGIC IMPERATIVE Compelling Reason Why Vendor Partnerships Asian: Asian: 1.1 Million1.1 Million 2.2 Million Employees2.2 Million Employees $326 Billion$326 Billion Native Americans/Alaska Native: Native Americans/Alaska Native: 201,400201,400 191,300 Employees191,300 Employees $26.9 Billion$26.9 Billion -Pittsburgh Post Gazette NOW, 4.16.06 / -United States Census Bureau, 2002 Slide 22 D i V e R S I T y : STRATEGIC IMPERATIVE Compelling Reason Why Vendor Partnerships Native Hawaiian/Pacific Islander: Native Hawaiian/Pacific Islander: 29,00029,000 Over 29,000 EmployeesOver 29,000 Employees $4.3 Billion$4.3 Billion Latino Latino 1.6 Million1.6 Million 1.5 Million Employees1.5 Million Employees $222 Billion$222 Billion -Pittsburgh Post Gazette NOW, 4.16.06 / -United States Census Bureau, 2002 Slide 23 D i V e R S I T y : STRATEGIC IMPERATIVE Compelling Reason Why Vendor Partnerships African American: African American: 1.2 Million1.2 Million 754,000 Employees754,000 Employees $88.8 Billion$88.8 Billion Women: Women: 6.5 Million6.5 Million 7.1 Million7.1 Million $939.5B$939.5B -Pittsburgh Post Gazette NOW, 4.16.06 / -United States Census Bureau, 2002 Slide 24 10 Step Process Slide 25 D i V e R S I T y : STRATEGIC IMPERATIVE STEP ONE: Attitude IS EverythingAttitude IS Everything Attitude Aptitude ExamAttitude Aptitude Exam STEP TWO: Its About LeadershipIts About Leadership 21 Irrefutable Laws of Leadership21 Irrefutable Laws of Leadership Slide 26 D i V e R S I T y : STRATEGIC IMPERATIVE STEP THREE: Its About StrategyIts About Strategy CEO Top of MindCEO Top of Mind Top 3 Strategic Objectives AlignmentTop 3 Strategic Objectives Alignment World Economic ForumWorld Economic Forum Slide 27 D i V e R S I T y : STRATEGIC IMPERATIVE CEO TOP OF MIND Economy Customers New Markets Planned Growth Right People Slide 28 D i V e R S I T y : STRATEGIC IMPERATIVE HR PROFESSIONALS NOT STRATEGIC Employees Think We Stink At: Retention: 60% Performance Appraisal Systems: 41% Training & Education:42% Succession Planning:50% Slide 29 D i V e R S I T y : STRATEGIC IMPERATIVE What Makes a Successful HR Professional? Interpersonal Communications:83% Employment Law:77% Business Ethics:66% Change Management:35% Strategic Management:32% Finance: 2% Slide 30 D i V e R S I T y : STRATEGIC IMPERATIVE What Do CEOs Think We Do in HR? Slide 31 D i V e R S I T y : STRATEGIC IMPERATIVE STEP FOUR: Declare the End From the BeginningDeclare the End From the Beginning Quantifiable Performance OutcomesQuantifiable Performance Outcomes STEP FIVE: Build the CouncilBuild the Council STEP SIX: Establish Meaningful MetricsEstablish Meaningful Metrics Individual and OrganizationalIndividual and Organizational Slide 32 D i V e R S I T y : STRATEGIC IMPERATIVE STEP SEVEN: The Concept PaperThe Concept Paper DescriptionDescription Why diversity initiative is needed. How initiative will increase revenue. How initiative will reduce expenses. Required resources. Opportunity leverage. SWOT analysis. Slide 33 D i V e R S I T y : STRATEGIC IMPERATIVE STEP EIGHT: The Strategic PlanThe Strategic Plan STEP NINE: The ScorecardThe Scorecard STEP TEN: Change Leadership ModelChange Leadership Model Slide 34 D i V e R S I T y : STRATEGIC IMPERATIVE F A C T 85% FAIL TO EXECUTE85% FAIL TO EXECUTE 70% MGMT TEAMS < 1 HOUR70% MGMT TEAMS < 1 HOUR 70% NO HR & I.T. ALIGNMENT70% NO HR & I.T. ALIGNMENT Dr. D. Norton/Dr. R. Kaplan, Balanced Scorecard, Dr. Christopher Zook, Profit From the Core Slide 35 D i V e R S I T y : STRATEGIC IMPERATIVE R E A S O N S Lack of ownership by executive team. Compensation not linked to new behaviors. Lack of clear communication. Managers not held accountable. Quick fix syndrome. Sacrifice strategy for fire-fighting. Slide 36 D i V e R S I T y : STRATEGIC IMPERATIVE SUMMARY Slide 37 Compelling Reason Why Its About Leadership Its About Strategy CBSR 10 Step Process Taking Your Organization to the Next Level: DIVERSITY PRINCIPLES: STRATEGIC INTEGRATION Slide 38 D i V e R S I T y : STRATEGIC IMPERATIVE 21212121 Slide 39 Burning Platform Thats Disrespectful! Slide 40 D i V e R S I T y : STRATEGIC IMPERATIVE Slide 41 We Must Not Only Know, We Must Act We Must Act. -Dr. W.E.B. DuBois Slide 42 D i V e R S I T y : STRATEGIC IMPERATIVE Slide 43 Grace A. Odums - 215.576.0893 D i V e R S I T y : STRATEGIC IMPERATIVE Diversity Strategic Plan Writing Diversity Strategic Plan Writing Diversity Scorecard Creation Diversity Scorecard Creation Strategy Implementation Strategy Implementation Customized Learning Offerings Customized Learning Offerings Executive/Leadership Coaching Executive/Leadership Coaching Diversity Council Creation Diversity Council Creation Slide 44 To Order Your Copy of: Please send $59.95 to: G.A. Odums, P.O. Box 11221, Elkins Park, Pa 19027 Please allow 3 weeks for delivery S T R A T E G I C I N T E G R A T I O N