HACR Employee Resource Group Study
The HACR Research Institute’s first Hispanic Employee Resource Group (ERG) Study, funded by AARP and launched in late 2012, was created to benchmark Hispanic ERGs and ascertain what’s driving their growth, highlight best practices, and identify current and future challenges.
Two dozen Fortune 500 companies participated in the Institute’s groundbreaking study which captures insights from Human Resources (HR) departments, ERG members and leaders, as well as their executive sponsors and champions. Only HACR Corporate Members were eligible to participate and a list of participating companies is included in the report.
The two part study consisted of an online survey instrument completed by a company representative between December 2012 and January 2013. The Institute conducted focus groups and interviews with ERG members, their leaders, and executive sponsors and champions between February 2013 and July 2013. Sixty percent of HACR Corporate Member companies participated in this seminal research study.
Key findings from the study include:
· Participation by Hispanic employees in Hispanic ERGs was more than three times the national average participation rate in employee resource groups generally
· 54 percent of survey participants indicated their Hispanic ERGs had 500 or more members
· 79 percent expect their Hispanic ERG to grow even more in the next 24 months
· Despite the growth of Hispanic ERGs, only one third had seen an increase in their annual budget and nearly 10 percent had experienced a decline in funding
To read the report click here. To print or download the report click here.
HACR Corporate Inclusion Index
The Hispanic Association on Corporate Responsibility (HACR) released findings from its 2012 Corporate Inclusion Index (CII) survey and, for the fourth year in a row, more companies participated with 55 companies in total.
The HACR CII, a component of HACR's Corporate Accountability Strategy, takes a comprehensive measurement of Hispanic inclusion at Fortune 100 and HACR corporate member companies by focusing on HACR's four pillars of corporate social responsibility and market reciprocity: Employment, Procurement, Philanthropy, and Governance.
Overall, the 2010 U.S. Census reported Hispanics as the largest minority group in the U.S. with over 50 million consumers. With $1.3 trillion in buying power, U.S. Hispanic consumers comprise the 14th largest economy in the world.
As a result, HACR has seen an increase in the willingness of Corporate America to work with the Hispanic population, evidenced through increased participation since 2009 with 20 additional companies participating in the survey. This year's report also saw eight companies participating for the first time, 26 companies improving their rating from the previous year, and all seven Fortune 100 commercial banking companies participating in the survey.
This newfound participation and commitment to the Hispanic community has led to one conclusion: Hispanics are The Deciding Factor.
To read the report click here. You can also share your questions and comments about the 2012 HACR CII through a more in-depth analysis by following us on Twitter and using the #2012CII hashtag.
HACR Corporate Governance Study
Since 1993, HACR has produced research on corporate governance and the 2007 HACR Corporate Governance Study marks almost 15 years of reporting on Hispanic inclusion at the highest levels.
The Hispanic imprint on American culture and business is undeniable. As the largest and fastest-growing minority community in the United States, Hispanics represent 14 percent of the population and one out of every eight employees in the labor force.For Corporate America, the growth in the Hispanic population has meant an opportunity to profit from the community’s expanding purchasing power, a hefty $863.1 billion in 2007.HACR advocates for greater inclusion of Hispanics in Corporate America.