A National Magazine For the
contemporary Hispanic woman
FOR IMMEDIATE RELEASE
CONTACT: Robert E. Bard
Phone
(703) 312-0904
robert@latinastyle.com
LATINA
Style Magazine Announces the LATINA Style 50 Awards and Diversity Leaders
Conference
50 Best Companies for Latinas to Work for in
the U.S.
Washington,
D.C., February 7, 2008 – Secretary of Labor Elaine L. Chao
will deliver the keynote address at the LATINA Style 50 Awards and Diversity Leaders
Conference this coming Thursday, February 7 in Washington, D.C.
for the eighth consecutive year. This year marks the 10 year anniversary of the
program, highlighting the 50 best companies for Latinas to work for in the U.S.
Since its inception in 1998, the LATINA Style 50 Report has become the most
respected evaluation of corporate America’s
career development opportunities for Latinas, setting the standard for
corporate America’s
sensitivity to the needs and goals of professional Hispanic women in the
workplace. More than 800 of the most prominent corporations in the United States
are included each year in the extensive survey.
Companies
responding to LATINA Style's questionnaire are evaluated based on issues that LATINA Style readers have identified as most
important to them in the workplace. Among the principal areas of evaluation
are: number of Latina executives, mentoring programs, Latina board members,
educational opportunities, alternative work policies, dependent/child care
support, employee benefits, women’s issues, job retraining, affinity groups
and Hispanic relations. Evaluations for the 2008 annual report were based on
2007 data.
“Slowly
but surely, Latinas are making progress in climbing the corporate ladder.
However, we still have a long way to go to achieve parity. Latinas
continue to be among the first employees to be affected by downsizing and
economic downturns,” says Robert E. Bard, President and CEO of LATINA Style Inc. “As the only national
Latina publication focusing on the needs and aspirations of professional
Latinas, we have a duty to keep Hispanic women informed about corporate
America's best employment practices. We have gone to great lengths to provide a
reliable resource for Latinas to evaluate companies, so they can be confident
that the LATINA Style
50 truly represents some of the best opportunities corporate America has to offer."
The
number of Hispanic working women in the U.S. workforce exceeds seven and a
half million and the numbers continue to rise. LATINA Style
50 companies employ 4,627,936 employees, of those 306,273 are Latinas,
representing 6.6% of the total workforce of all the selected companies.
The
Company of the Year for 2007 is New York-based, PepsiCo, Inc. PepsiCo
supports the development of its Latina
employees through networking groups like Adelante
and the Women of Color Multicultural Alliance. According to
PepsiCo Chairman and Chief Executive Officer, Indra K. Nooyi, diversity and
inclusion are critical components of PepsiCo’s business. Additionally, in
2007 PepsiCo increased the number of Hispanics in its employment base.
“Currently, more than 12.5 percent of our U.S.
associates are Latino/Hispanic; very near the proportion of Hispanics in the U.S.
We have Latino/Hispanic executives at all levels of leadership in our
organization playing key roles across a broad range of functional areas,”
said Nooyi. The company also has Latino/Hispanic representation on its board of
directors, maintains a Latino/Hispanic advisory board of external leaders and
continues its commitment to women and minority suppliers.
The
annual awards ceremony honoring the 10 year anniversary and LATINA Style
50 Companies will take place on February
7, 2008 at the Renaissance Hotel, 999 9th Street, NW, Washington,
DC, 20001.
For more information regarding the LATINA
Style 50, please visit the
magazine website at www.latinastyle.com.
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