Mid-Year Diversity Report From Intel Corporation (INTC) Shows Progress

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Intel Corporation (NASDAQ:INTC) is one of many tech companies that facing increasing pressure from different section including the investors. However, this one is different and not related to the business, but in respect to gender and minorities. There was no need for monetary investment. All that needed was human investment. Now, in the midst of half-through the current year, the chip maker says that its diversity report showed progress in the arena.

Exceeds The Target

At the beginning of the year, Intel Corporation (NASDAQ:INTC) promised to boost the diversity of its workforce. The company claimed that it has not only made good progress but also succeeded at its target for the current year. In its disclosure, the company indicated that it was not only hiring minorities, as well as, women but their representation is also witnessing an enhancement.

The chip maker kept a target of 40% for the representation of women and minorities for the current year. The company now claims that it achieved 43.3% of its new American hires from these groups that were not represented. The chip maker said that their ratios among the executives, as well, as the rank-and-file were higher. Initially, Intel Corporation (NASDAQ:INTC)’s tactical initiatives like referral bonuses, support groups, and equity audits were paying off.

Still More To Achieve

The company indicated that it will not run a victory lap to celebrate its achievement. That is because the chip maker has set a very high ambitious target to be achieved by the end of this decade. The company wants to ensure that men and women represent true to its population in the United States by 2020.

Intel Corporation (NASDAQ:INTC) said that as a result of the latest developments, some groups representation witnessed a fall, especially among the entry-level and Hispanic technical workers. The chip maker admitted that it required additional educational efforts to promote a wider interest in technology careers.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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