Silicon Valley may be known as the world’s technology leader but in one area they are sorely lacking – workforce diversity. Top universities turn out black and Hispanic computer science and computer engineering graduates at twice the rate that leading technology companies hire them, a USA TODAY analysis shows. While there has been a great deal of talk about the subject, solutions have been harder to come by. One company has stepped up to the plate. Just recently Intel announced that they plan to take aim at the lack of diversity in its organization.
The company plans to dedicate $300 million to boost Intel’s workforce so that their demographics mirror the percentage of women and underrepresented minorities available in the market for specific job categories. The best part is that they plan to tie managers’ performance reviews to their success in changing the makeup of their teams. For me, this really represents ‘walking the walk’ on STEM diversity and I hope that it spurs other companies to follow suit. In reality all they would have to do is come to Georgia Tech to recruit. We were number one in the country for engineering doctoral degrees awarded to minorities and number two in engineering undergraduate degrees awarded to minorities last year. Over the last decade, we are the number one producer of women and minority engineers in the country.
You can read more about Intel’s big move. We will have to wait for more details but this is certainly a bold statement from a world leader in technology.