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.
Alphabet Inc (Alphabet), the holding company of Google, is a global technology company. In 2022, the representation of Asian employees in Alphabet in the US was 43.2%, an increase of 0.9 percentage points over 2021. Hispanic & Latinx and Black employees represented 6.9% and 5.3% of the US workforce in 2022.
In leadership roles at Alphabet’s US office, the representation of Asian employees increased to 31.2% by 1.8 percentage points over 2021. Black employees represented 4.7% and Hispanic & Latinx employees at 4.1% at senior levels in the US workforce in 2022.
Alphabet invested $50 million in American historically black colleges and universities in 2021 to address the diversity gap in the technology sector.
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