HACR Best Practices Study – Hispanic Underrepresentation In Corporate America’s Workforce.

To address the underrepresentation of Hispanics in the private sector’s workforce, the Hispanic Association on Corporate Responsibility (HACR) will be releasing its first-ever study on best practices in the employment of Hispanics in Corporate America. The study will be issued during HACR’s 10th Annual Symposium, at the Ritz-Carlton New York, Battery Park, in New York City, June 17-18, 2002.

U.S. Treasury Secretary Paul O’Neill will deliver a keynote speech during the symposium’s dinner in honor of Hispanic board members of Fortune 500 companies, on June 18. Codina Group Inc. Chairman and CEO Armando M. Codina, who also serves on the board of General Motors Company as well as four other Fortune companies, will also speak that evening. In addition, Equal Employment Opportunity Commission (EEOC) Chair Cari M. Dominguez will deliver a keynote speech during the symposium’s luncheon.

The study entitled, HACR Corporate Best Practices: 2002 Hispanic Workforce identifies successful models to improve Hispanic representation at all levels of the workforce, which are being implemented by some of the largest companies in the nation. Although Hispanics represent 10.3 percent of the private sector workforce, they represent only 4.5 percent of all official and managerial positions, and 3.8 percent of all professional positions, according to 2000 statistics from the EEOC. The findings of this study will be discussed during the session, Employment Best Practices: Adding to the Bottom Line.

In addition, HACR will release another major publication, Hispanics Today 2002, which includes research studies on the Hispanic consumer market, among other issues. The symposium brings toghether 300 of the nation’s most influential Hispanic leaders, government officials and corporate executives. Established in 1986, HACR’s mission is to advance Hispanic inclusion in all of Corporate America’s economic activities. The HACR coalition represents the interests of the 42.6 million Hispanics in the United States, including Puerto Rico.