Opportunities in the Diversity and Inclusion (D&I) industry are exploding. Over the past few years, more companies have been looking for people to diversify their employee base.
1. Companies are learning that diversity creates better products.
According to a recent study, diverse companies make 19 percent more revenue than companies that don’t value diversity. READ MORE AT KNOW YOUR VALUE
The average revenue of Latino-owned businesses improved 46.5% in 2019, increasing to $479,413 from $327,189 in 2018, according to Biz2Credit’s annual study. Meanwhile, the number of credit applications from Latino-owned businesses increased by 23% over the past 12 months.
The study, which examined the primary financial information submitted by 3,000 Latino-owned businesses on Biz2Credit’s online platform, also revealed that while revenues climbed, the average credit scores Latino-owned businesses dipped to 588 from 594 last year. READ MORE AT Biz2Credit
The rush from corporate America to recruit today badly needed Hispanic talent was quite evident last week in Phoenix, Arizona, where the Society of Hispanic Professionals Engineers (SHPE) was hosting their 43rd annual convention.
Although only 7% of Hispanics are part of the STEM workforce in the country, while the Hispanic population in the country is close to 20%, the pace to increase those numbers is gathering speed, propelled by the aging and retirement of the current workforce. READ MORE AT AL DIA
A new AARP survey has found that despite Hispanics spending nearly $7 billion in annual US sales, 69% of them report feeling that the beauty and personal grooming industry treats people their age as an afterthought.
The national survey, “Latinos and Beauty as We Age: A Cultural Reflection,” reveals that Hispanics aged 50 and over wish images in advertising and the media were more age-inclusive, and they are more favorable of brands that reflect people their age in advertising. Nearly 700 Hispanics age 18 and older in the US were questioned for the survey. READ MORE AT BEAUTY PACKAGING
Most working professionals have at some point found themselves stuck in a rut.It could be that their boss is a tyrant; it could also be that they're bored and curious to see what else is out there.
Whatever the situation, there's almost assuredly a way out. And while it might involve quitting, moving to a new city, and overhauling your entire lifestyle, it might instead come down to trying a different role within your current team. READ MORE AT BUSINESS INSIDER
If the contribution to gross domestic product by Latinos in the U.S. were its own country, it would be the eighth-largest economy in the world, just behind France’s—and the fastest-growing of all developed countries. What’s more, the Latino cohort will be responsible for the majority of U.S. economic growth in coming years, according to the Latino Donor Collective U.S. Latino GDP Report. READ MORE AT BARRON'S
What began in the 2000s among activists has now gained currency among marketers, media personalities and progressives. The intentions behind "Latinx" may be benign, but as the son of immigrants who grew up in a community with “English-only” ordinances, I am among the many Americans who consider it an absurd Anglicization of a language that generations struggled to conserve. READ MORE AT USA TODAY
As colleges and universities work to reach enrollment and college completion goals, increased focus has turned to the Hispanic populations in their communities.
Earlier this year, Dalton State College became the first institution in the state of Georgia to receive official status as an Hispanic serving institution (HSI). While Texas and Florida have numerous HSIs, Dalton State is a rarity in the Southeast. READ MORE AT DIVERSE EDUCATION
Today, we are facing a frightening shortage of cybersecurity professionals in the workforce. Specifically, this widening gap is expected to lead to 3.5 million jobs left unfilled, according to Cybersecurity Ventures, in the cybersecurity profession by 2021.READ MORE AT SYBERSECURITY SOURCE
No era in history has seen so many successful Hispanic entrepreneurs thriving as they do today. The U.S. Census Bureau predicts that 1 in 3 Americans will be Hispanic by the year 2060. As a result, count on even more Hispanic entrepreneurial success in the future.
Take a look at 16 of the most successful Hispanic entrepreneurs in the United States. READ MORE AT SMALL BUSINESS TRENDS
If you’re feeling frustrated by your job, you’re not alone. A study in the US found that 73 per cent of women are looking to change careers because of low pay, lack of progression, not believing in their company’s mission and burnout, among other factors.
Autumn is the perfect time to think about your career. READ MORE AT VOGUE
In California, more than 50% of Latino households are hard-pressed to make it financially, despite the state’s booming economy and strong labor market, according to a new report from Oakland’s Insight Center for Community Development. READ MORE AT CAL MATTERS
When it comes to understanding the impact that Hispanic people—the fastest-growing minority population in the U.S.—will have on the economy in the coming decades, following the data is a good place to start.
A new report published by Peterson Institute for International Economics, a private, nonprofit and nonpartisan policy-research organization, predicts that Hispanic workers will have an increasingly positive effect on U.S. economic growth in the coming years. READ MORE AT HUMAN RESOURCE EXECUTIVE
One of the most important ingredients to career success today is building powerful support relationships with helpful mentors and sponsors. These are individuals with whom you develop mutually-beneficial relationships that can open critical doors for you, offer helpful guidance, and share strategies that will catapult you forward in your life and career. READ MORE AT FORBES
Latino-owned small businesses have struck gold — and are growing faster than the competition, according to a new study.
The average revenue of Latino-owned restaurants, retail stores, construction companies and other small businesses in the US has skyrocketed by 46.5 percent in the past year, surpassing earnings growth in non-Latino businesses by as much as 12 percent, according to an annual study by online lender Biz2Credit. READ MORE AT THE WASHINGTON POST
Manuel Bucio spent most of his career in banking, IT, and even worked as a blueberry farmer, but in 2013, he set out on a totally new endeavor. Manuel had been disappointed by the lack of authentic Mexican desserts in Chicago, specifically the Gazpacho Moreliano, a combination of mango, jicama, pineapple and cucumber mixed with tajin, lime and orange juice, so he decided to take matters into his own hands.
Manuel went to Mexico where he spent a week studying how to make Mexican paletas (fruit ice pops) so he could create the best Mexican ice cream in Chicago. After his trip and about a year of planning, Razpachos came to life. Located in the West Elsdon neighborhood, Razpachos started with one product, mexican paletas, and then escalated into a complete ice cream shop, cafe, natural juice and smoothie bar. Since opening, Razpachos has provided steady jobs for 10–12 people, and has allowed Chicagoans the opportunity to taste real, authentic Mexican desserts.
When Manuel opened the doors to Razpachos, he and his partners needed an avenue to promote his new business at a low cost. That’s why they turned to social media. As a Hispanic business owner, Manuel made sure his online content would attract others familiar with the Gazpacho Moreliano as well as customers new to the dessert.
To achieve this, he did his homework and took courses on Blueprint where he learned how to create engaging content for the Razpachos Facebook page. Manuel says using Blueprint was the secret to his success. By delivering high-quality content, Manuel sees about 30-40% of Razpachos traffic driven from Facebook - the best ROI of any advertising channel he's used to date.
Manuel utilizes many other tools on the platform to help drive awareness and boost business, and believes social media is a tool that all businesses should take advantage of. It’s not only a valuable place to connect with customers, but there is no better platform to get a brand name out there.
The Millennial generation has changed the way many organizations function internally as well as how they present themselves to the world. This generation has made it clear: they want careers filled with purpose, flexibility, a warm and welcoming work culture, innovation, and the ability to grow personally and professionally. READ MORE AT FORBES
Hispanic Heritage Month runs from September 15 through October 15, and younger Hispanic and Latinx Americans are entering the workforce in larger numbers than ever before. Here's what they're looking for from their future employers.
Employer branding specialists Universum runs an annual survey of tens of thousands of college students, asking new entrants to the workforce what they are looking for from their future employers. READ MORE AT INSIDER
Hispanics who have trouble sleeping may be at a higher risk of Alzheimer’s disease or other dementias, according to a new study.
The study found a possible link between insomnia, prolonged sleep duration (more than nine hours of sleep) and a decline in neurocognitive functioning, which could precede Alzheimer’s disease or other dementias, said Dr. Alberto R. Ramos, the lead author of the study and an associate professor of neurology at the University of Miami’s Miller School. READ MORE AT MIAMI HERALD
Chicago’s startups are leading the nation in many ways. Among these is a focus on Diversity and Inclusion. We know that the more perspectives we bring to tackle our business challenges, the more successful we will be.
And there is significant evidence supporting the importance of D&I for the success of our startups. Studies show a direct correlation between racial and gender diversity and both profitability and value creation. READ MORE AT CHICAGOINNO
