The Asian Talent Agenda
Developing Asian leaders
The United States’ population is becoming more diverse, resulting in a growing percentage of racial and ethnic minorities in the U.S. workforce. Asians are at the forefront of this growing workforce segment and are expected to increase in number, rising from 5 percent to 11 percent of the workforce between 2000 and 2050. At the same time, talent shortages are rising worldwide and Asian economies are growing. Given these factors, attracting and retaining top Asian talent will likely become more important and more challenging as the global talent environment grows more competitive. With this knowledge in mind, we began to ask ourselves some specific questions:
- Do Asians have specific development needs or cultural obstacles to overcome as they continue to progress in their careers?
- Should organizations be doing more to support Asians in the workforce to help this group advance?
- Is Asian representation at the leadership level a top priority for organizations?
Given the growing number of Asian professionals in corporate America, leading companies should make Asian employee development a talent imperative if they intend to be effective in attracting, developing and retaining leading talent.