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MISSING:
LATINAS IN CORPORATE AMERICA




                               ©
HOPE in partnership
                               with Sempra Energy,
                              sponsored a research
                              effort into the status of
                               Latinas in California
                                    corporations




Two main issues underscored the need for the research:

 demonstrated need for women in executive positions in corporations

 the changing labor force with a fast-growing Hispanic population.
        Latinas currently represent 14% of the labor force in the US.
“Missing: Latinas in Executive Leadership in California’s
                  Corporations 2009” Report

                                                            :


1) What percentage of executive leadership     •   Latinas are grossly underrepresented in

    positions do Latinas in California hold?       executive leadership (C-level) in California.



                                               •   Latinas choose education majors and career

2) Are Latinas qualified to assume executive       paths that do not place them as the most

    leadership positions?                          qualified to lead core business functions such
                                                   as finance, operations, marketing and legal.


                                               •   Latinas, while aspiring to get promotions, often
3) What factors contribute to Latinas being
                                                   struggle with personal sacrifices that
    promoted to executive positions?
                                                   accompany executive positions and the
                                                   majority is unwilling to sacrifice family for career
                                                   advancement.
The Reality…..

             Percent of California CEO's by Gender
              3.8%


                                           Men

                                           Women
                        96.2%
                                           Latinas not represented
                                           in pie chart




Yet…..Latinas in California represent 14% of the labor force
            or approximately 2 Million people.

                          Source: US Census and Department Of Labor
What Is The Business Case for Advancing Latinas in
                Corporate America?

FOR OUR COMMUNITY:

                 Economic Parity
                 Long-lasting impact
                 Greater wealth creation and distribution
                 Ability to direct corporate resources

FOR BUSINESS:

                 Tap into a growing workforce
                 Speed up globalization efforts
                 Provide cultural insight into growing consumer
                demographic




                                                                   ©
One version of the Golden
         Rule….

 In business, she who makes
           the gold,
       makes the rules.




                              ©
Reality Expanded- National Numbers


POPULATION:
                     Women are 51% of the population
                     More than half (31%) are women of color
                     Of that, Latinas make up 14% of the population
                     (17million)- larger than any other ethnic group and right
                     behind white women at 20%.
LABOR FORCE:
                     8.7M Latinas work in the US (5.7%)
                     Only 3.6 % are working in management/professional
                     positions.
                     Change of 116% in 10 years
                     Projection for 2016- 11M working Latinas (6.8%)



  In 2016, 1 person out of 6 will be Hispanic in the US.

                                                                                 ©
More Reality….The Corporate Numbers

Corporate Board Seats:
                 0.78 % Latinas hold Corporate Board seats (Women
                 of color hold 3.1% Corporate Board seats)

Corporate Officers: (board elected/ appointed)
                  Women of color account for 1.7% of all “corporate officers”
                  in Fortune 500 companies (even though women of color
                  account for over 50% of people working in the US) vs.
                  women overall make up 16.4% of corporate officers.


            Almost 30% of Fortune 500 companies have ZERO
                        women officers

                                            Source: Catalyst.org




                                                                                ©
CEO Positions in Corporate America

Fortune 1-500 CEOs:

     3% are women (15 women- none Latinas)
     97% are men
     85% are white males.

Fortune 501-1000 CEOs:

     15 women- none Latinas                   Source: Catalyst.org




     2% Growth in women CEOs since 20 years ago


                                                                     ©
The Latino “Wallet Power” in the United States


$951 Billion in 2008 ( growth of 350%- 3 X larger )
      California responsible for $249 billion (26%)


            $1.4 Trillion in 2013
 Largest purchasing power than any other group

                             Source- Selig Center-The Multicultural Economy, 2008
Advancing Latinas in Corporate America
Common Challenges

                          Lack of
                      Sponsor/Mentors




No role models                                No access to
& stereotypes                              informal networks




                                          Struggle with
     Lack of visibility                 career and family




                                                               ©
Additional Issues For Latinas In
    Higher Levels Of Management


     Professional
                                 Lack of role
      Image and
                                   clarity
      Demeanor




Publicity                                Isolation



                    Increased
                     work-life
                     balance
                      stress

                                                     ©
Another funny- just because…….
Strategies for Corporate Latinas


 Get a mentor                    Understand normative
                                   communication rules
 Get a sponsor
                                  Professional image and
 Perform above expectations       demeanor

 Look for and accept highly      Seek line positions ( P&L
  visible projects even if it      related) and retrain if necessary
  involves volunteering
                                  Choose your company wisely-
 Excellence in communication      Working Mother Magazine list
  skills- language issues
                                  Develop cross-department
 Connect to informal networks     relationships
                                                                       ©
CONCLUSION

Developing Latinas to occupy executive leadership roles in corporate
America is vital to business if companies:

 want to tap into the growing Latino market with the largest
purchasing power

 are serious about successfully navigating the global marketplace

 will need to fill jobs in the next decades from the largest and fastest
growing demographic group in the US.




                                                                            ©
THANK YOU FOR YOUR ATTENTION




            Speaker    •   Career Coach    •   Diversity Strategist



www.wilkatoppins.com        713-621-8588       askthecorporatelatina.com

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Latinas in Corporate Leadership

  • 2. HOPE in partnership with Sempra Energy, sponsored a research effort into the status of Latinas in California corporations Two main issues underscored the need for the research:  demonstrated need for women in executive positions in corporations  the changing labor force with a fast-growing Hispanic population. Latinas currently represent 14% of the labor force in the US.
  • 3. “Missing: Latinas in Executive Leadership in California’s Corporations 2009” Report : 1) What percentage of executive leadership • Latinas are grossly underrepresented in positions do Latinas in California hold? executive leadership (C-level) in California. • Latinas choose education majors and career 2) Are Latinas qualified to assume executive paths that do not place them as the most leadership positions? qualified to lead core business functions such as finance, operations, marketing and legal. • Latinas, while aspiring to get promotions, often 3) What factors contribute to Latinas being struggle with personal sacrifices that promoted to executive positions? accompany executive positions and the majority is unwilling to sacrifice family for career advancement.
  • 4. The Reality….. Percent of California CEO's by Gender 3.8% Men Women 96.2% Latinas not represented in pie chart Yet…..Latinas in California represent 14% of the labor force or approximately 2 Million people. Source: US Census and Department Of Labor
  • 5. What Is The Business Case for Advancing Latinas in Corporate America? FOR OUR COMMUNITY:  Economic Parity  Long-lasting impact  Greater wealth creation and distribution  Ability to direct corporate resources FOR BUSINESS:  Tap into a growing workforce  Speed up globalization efforts  Provide cultural insight into growing consumer demographic ©
  • 6. One version of the Golden Rule…. In business, she who makes the gold, makes the rules. ©
  • 7. Reality Expanded- National Numbers POPULATION: Women are 51% of the population More than half (31%) are women of color Of that, Latinas make up 14% of the population (17million)- larger than any other ethnic group and right behind white women at 20%. LABOR FORCE: 8.7M Latinas work in the US (5.7%) Only 3.6 % are working in management/professional positions. Change of 116% in 10 years Projection for 2016- 11M working Latinas (6.8%) In 2016, 1 person out of 6 will be Hispanic in the US. ©
  • 8. More Reality….The Corporate Numbers Corporate Board Seats: 0.78 % Latinas hold Corporate Board seats (Women of color hold 3.1% Corporate Board seats) Corporate Officers: (board elected/ appointed) Women of color account for 1.7% of all “corporate officers” in Fortune 500 companies (even though women of color account for over 50% of people working in the US) vs. women overall make up 16.4% of corporate officers. Almost 30% of Fortune 500 companies have ZERO women officers Source: Catalyst.org ©
  • 9. CEO Positions in Corporate America Fortune 1-500 CEOs: 3% are women (15 women- none Latinas) 97% are men 85% are white males. Fortune 501-1000 CEOs: 15 women- none Latinas Source: Catalyst.org 2% Growth in women CEOs since 20 years ago ©
  • 10. The Latino “Wallet Power” in the United States $951 Billion in 2008 ( growth of 350%- 3 X larger ) California responsible for $249 billion (26%) $1.4 Trillion in 2013 Largest purchasing power than any other group Source- Selig Center-The Multicultural Economy, 2008
  • 11. Advancing Latinas in Corporate America
  • 12. Common Challenges Lack of Sponsor/Mentors No role models No access to & stereotypes informal networks Struggle with Lack of visibility career and family ©
  • 13. Additional Issues For Latinas In Higher Levels Of Management Professional Lack of role Image and clarity Demeanor Publicity Isolation Increased work-life balance stress ©
  • 14. Another funny- just because…….
  • 15. Strategies for Corporate Latinas  Get a mentor  Understand normative communication rules  Get a sponsor  Professional image and  Perform above expectations demeanor  Look for and accept highly  Seek line positions ( P&L visible projects even if it related) and retrain if necessary involves volunteering  Choose your company wisely-  Excellence in communication Working Mother Magazine list skills- language issues  Develop cross-department  Connect to informal networks relationships ©
  • 16. CONCLUSION Developing Latinas to occupy executive leadership roles in corporate America is vital to business if companies:  want to tap into the growing Latino market with the largest purchasing power  are serious about successfully navigating the global marketplace  will need to fill jobs in the next decades from the largest and fastest growing demographic group in the US. ©
  • 17. THANK YOU FOR YOUR ATTENTION Speaker • Career Coach • Diversity Strategist www.wilkatoppins.com 713-621-8588 askthecorporatelatina.com