HOW CAN COMPANIES PARTICIPATE IN THE SURVEY?
All companies are encouraged to participate in the survey at no charge. For more information, please contact Global Talent Initiatives at GlobalTalent@asiasociety.org.
WHY DO COMPANIES PARTICIPATE IN THE SURVEY?
Companies participate in the survey for the following reasons:
- Data /Benchmarking – Due to the dearth of data specifically on the APA employee population, companies like to use their scores as a benchmarking tool for their APA focused efforts and also vis-à-vis other companies.
- Best practices – Many companies have created innovative activities around APA engagement. The survey and subsequent survey report is a reference tool to see what other companies are successfully doing in this area.
- Employee engagement – Often, the simple act of asking these questions increases employee engagement. In addition, since the survey questions are tailored for an APA audience, the data provides additional nuance to companies, over and above what they can get from their internal employee engagement survey.
- Employee resource group activity – Best practices and the implications from the findings provide a roadmap for companies to help evolve their APA employee resource groups (ERGs) into more impactful and relevant programming.
WHICH COMPANIES PARTICIPATED IN THIS YEAR’S SURVEY?
Because of the sensitive nature of the employee data, we do not release company names (apart from the Award Winners and Finalist companies).
HOW ARE THE WINNERS AND FINALISTS SELECTED?
Hypothesi identified those companies that scored the highest based on statistical analysis of the employee survey results. Finalist and winning companies were then selected using a weighted formula. Eighty percent of the final score came from the employee survey responses, and a judging panel composed of four diversity leadership experts determined the remaining twenty percent of the final score.
All panel members reviewed written submissions by each company. To maintain objectivity, company identities were concealed. The gap between corporate policies/programs (as evidenced by the application form that was completed by the company’s diversity leadership) and actual APA employee experiences (as measured by the scores given by the company employees who took the survey) was a key factor in the ratings.
2014 KEY MESSAGES:
The 2014 APA Corporate Survey shed important light on approaches to APA employee engagement, including:
95.4% of APA Employees Really, Really Care
Survey results show that APA employees are very invested in the success of their company.
The #1 Engagement Driver—Work-Life
Work-Life, termed Job Itself in 2013, remains the number one engagement driver for APA employees, even higher than last year.
Only 40% Believe There is Adequate Representation at the Board Level
The APA participants in this study tell us that diversity is front and center for just about everything their company does. However representation at the board level remains a major challenge with only 40% of those surveyed believing there is adequate APA representation on company’s board of directors.
APAs Don’t Get Enough Coaching, Mentorship, and Sponsorship
This Corporate Survey offered the opportunity for a deeper dive into the perceptions APAs hold about coaching, mentoring, and sponsorship. Mentoring is a demonstrated and proven avenue for members of the organization at any level to access and glean insights in relation to career growth.
The More Educated an APA Employee, the Less Satisfied (In Some Cases 50th Percentile)
Asian Pacific American employees holding advanced degrees (JD/MD/PhD) report significantly lower Favorable ratings for Diversity (70%), Professional Growth & Development (55.5%), and APA Market Opportunities (58.3%).
- Confidentiality of company data: Company-specific responses to the survey are kept strictly confidential by the research company. Company-specific data is shared only with the participating company itself. Asia Society only sees aggregate data.
- Company-specific report: All participating companies will receive a top-line confidential report on their own company based on the results, benchmarked against other comparable companies at NO cost, as a courtesy for participating. This report comes directly from the research company, in order to maintain confidentiality.
- Full Report: The in-depth report will include analysis of the overall results at the item and dimension level as well as analyses of strengths and areas for improvement seen across participating companies.
- Best in Class Awards: Finalists and winners are chosen based on a combination of the employee survey results (80%) and scores from a panel of expert judges (20%). Employees of Asia Society are not involved in the ranking/awards decisions.
- Diversity Leadership Forum: The finalists and the winners will be announced during Asia Society's 2014 Diversity Leadership Forum, hosted by Time Warner, to be held on June 9, 2014 in New York City.
2014 FINALISTS: AT&T, BNY Mellon, Colgate-Palmolive, Freddie Mac, GE, Goldman Sachs & Co, KPMG, Marriott, Medtronic, NY Life, Pfizer
2014 SURVEY PERIOD: Through February, 2014
2014 SURVEY PARTICIPANTS: Asian Pacific American employees; Chief Diversity and Human Resource executives of Fortune 500 and other large companies.
BENEFITS TO PARTICIPATING COMPANIES:
- Insightful vehicle for communicating with your Asian Pacific American employees
- A deep dive into specific, actionable Best in Class practices
- Complimentary summary report of your own employee data benchmarked against comparable companies
- Opportunity to be selected and recognized as a Finalist and/or Best in Class Employer
- Opportunity to attend the 2014 Diversity Leadership Forum & Awards Ceremony
HOW CAN WE GET A COPY OF THE FINAL REPORT?
The final report will be available online at www.amazon.com approximately one week after the Diversity Leadership Forum. For more information, please contact, Ms. Hee-chung Kim on 212-327-9317 or HKim@asiasociety.org.
Asia Society Concludes this year’s Diversity Leadership Forum with new findings from the 2014 Asian Pacific Americans Corporate Survey at the forefront
New Corporate Diversity survey shows APA employees are loyal to their companies while their corporate board representation remains low
Asia Society Awards Best Employers for Asian Pacific American Talent
Diversity Leadership Forum: Q&A with Chris Lee and Tina Edmundson