Diversity Budget

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Diversity Budget Resource Allocation Survey
Results

• CareerXroads Colloquium Boston October 21 22

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Purpose

• Gain an understanding of how different
  organizations allocate / manager financial and
  human resources against diversity recruitment
  activities.

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Questions

• What is your diversity recruitment budget for
  North America?
• How many people (FTEs) do you have supporting
  diversity recruitment?

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Participants27 Companies Participates

• PepsiCo
• Yum Brands
• T-Mobile
• Sprint
• Pizza Hut
• Cisco Systems
• General Mills
• Bank of America
• The BOC Group
• CNA
• SunLife Financial
• Federated Department Stores Inc.
• Bausch Lomb
• RBC Financial Group

• NCR
• The Gillette Company
• Getronics
• Abbott Laboratories
• Kraft
• Wachovia
• Broadcom Corporation
• Merrill Lynch
• Edward Jones
• Alliant Energy
• GAF Materials Corporation
• Barnes Group Inc.
• DuPont

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Trends

• Q1 Diversity Recruitment Budget
• 13 have dedicated budget
• 1 Outreach / community (part of Corporate
  Diversity)
• 2 Provided Estimates
• 4 Focus is on career fairs / conferences
• Range from 10K to 500K
• 14 have no dedicated budget
• Themes
• Built into overall recruitment budget
• Career fairs / conference charged back to
  business unit
• Business units contribute / budget for diversity
  events

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Trends

• Q2 Diversity Support (FTEs)
• 15 include diversity as part of recruiters core
  responsibilities
• 12 have dedicated headcount allocated to
  diversity
• Range for 0.25 to 6 FTEs
• 1 organizations FTE was dedicated to campus
  diversity activities

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Conclusions

• No common theme on how organizations allocate
  resources against diversity.
• Those organizations that have budgeted for
  diversity, are still unable to provide the true
  expense.
• The majority of organizations include diversity
  as a core responsibility for their recruiters.
• How is accountability assigned and success
  measured?
• Questions for discussion
• Should diversity be a separate line item within
  recruitment budget?
• If business units have diversity goals who
  should pay?

• Follow up questions Group Discussion
• What is your total recruitment budget?
• Of your total recruitment budget, what
• percentage is dedicated to diversity activities?

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