A diverse, equitable, and inclusive (DEI) organization brings unique perspectives and ideas that make the enterprise more innovative, productive, and resilient. In addition, it promotes equality of opportunity and treatment at all levels of the employment relationship, including recruitment, retention, promotion, remuneration, and training.
Increasing global awareness that all workers have a right to a dignified and respectful workplace irrespective of their sexual orientation and ethnicity, helps to promote an open and inclusive workplace. However, labor market disruption due to the COVID-19 has had devastating consequences globally.
Top technology companies are focusing on racial equity and working towards lifting underrepresented groups such as Asians, Blacks, and Hispanics. Apple committed an additional $30 million to its Racial Equity and Justice Initiative in August 2021. Microsoft plans to double the number of Black and African American people managers, senior individual contributors, and senior leaders in the US by 2025. However, the number of executives from underrepresented groups remains remarkably low in major technology companies.
HP Inc (HP) is an information technology company that offers a wide range of products, technologies, software, solutions, and services. In 2021, the representation of Asian employees in HP in the US was 13.6%, an increase of 0.7 percentage points over 2020. Hispanic & Latinx and Black & African American employees represented 4.5% and 9.6% of the US workforce in 2021.
In leadership roles (executives) at HP’s US office, the representation of Asian employees increased to 11.9% by 0.4 percentage points over 2020. Black & African American employees represented 4.1% and Hispanic & Latinx employees at 7.2% at senior levels in the US workforce in 2021.
HP has set a goal to achieve 50-50 gender equality in the company leadership by 2030. The company also aims to double the number of Black/African American executives by 2025, from a 2020 baseline.
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