Diversity
Executive Search
By William J. Wilkinson
Today, there are few successful business
people who are not aware of the explosive domestic Hispanic
market. The scale of this marketplace is getting the attention
of every business sector in America. Some in Corporate America
are quite knowledgeable and sophisticated in their approach.
Others, the vast majority, realize that something is going
on but are asking, “Is there really any fire under
all this smoke?”
The answer is yes. There are countless sources of statistical
information on the growth of the Latino marketplace, the
unique demographics of that marketplace, the buying patterns
of these consumers, and the value systems that they share.
Experts also understand that this ethnic group will not
follow the assimilation patterns of former immigrants, but
instead will acculturate, retaining much of their uniqueness
while adapting what they wish from the general populace.
The reasons are several: as a community of people, Hispanics
generally share the same values, same religion, and same
language. Unlike former immigrating groups, there is constant
travel and continual visitation, back and forth, to their
“homelands.”
So what must a company do to capture its share of this ethnic
market, and how do recruitment practices effect success?
Organizationally, proper talent deployment is a strategic
advantage. At least on the surface, companies large and
small have bought into the concept of recruiting minority
employees.
But those of us who specialize in both recruitment and diversity
have to question the basic tenets and dynamics that are
still driving these efforts.
Are they hiring minorities simply because they are “supposed”
to?
Are minority executive hires destined for only high profile/low
impact positions?
When management says it is good business to hire minorities,
is it targeting minority hires to appease “constituencies”
rather than to capture consumers?
As markets change, so too, must organizational structures,
job accountabilities, succession plans and pay structures.
We recently met with a client whose company has a country
manager for each Latin American country in which they operate.
Each country is staffed with Latino executives and professionals
who design, develop and distribute product for that country.
And by the way, Latin America is no different than their
operations in Asia, where Japanese operate their Tokyo facilities,
or, in France, where the French staff their Paris operation.
When we showed this client that the purchasing power of
U.S. Hispanics outranked that of many of the Latin American
countries in which he operates, he finally started to understand.
Hispanics may be a minority in the U.S., but their numbers
overall are huge. The client realized that if he focused
differently and organized his staff appropriately, his company
could perform far better in the domestic marketplace.
Latinos are being employed in more and more decision-making
roles. Companies that understand this marketplace realize
that they need indigenous talent to design product for Latinos,
to develop marketing that is content-sensitive, to sell
product through nontraditional avenues, to partner with
communities, and to coordinate with local, state and federal
Latino representatives and elected officials. No longer
will it suffice to have Latinos only in outreach or ombudsman
roles. Their cultural sensitivity and insight is needed
in every business function required in capturing their consumer
dollars.
It is obvious to us that the U.S. Hispanic market is quite
large. It is also obvious that those most familiar with
this marketplace should be making the decisions that drive
profitability. This market is no longer emerging. This market
has emerged. Leadership must now emerge, as it is required
in every business discipline in every business sector.
Culturally sensitive recruiters, those who understand the
nuances of the marketplace, are used to identifying culturally
indigenous applicants for decision-making positions. The
Latino employment marketplace is a very homogenous network.
Fluency in and around this environment is critical to the
success of finding the best. And the correct search resource
must not only demonstrate cultural competence, but organizational
proficiency.
Many companies are happy with their current executive search
strategies and partners. Many companies also are currently
satisfied with their general market designs. However, most
companies never ask, “How much better could we be?”
Even if you are currently No. 1 in your Hispanic consumer
segment, shouldn’t the question be asked?
William
J. Wilkinson is chairman of W. J. Wilkinson and Associates.
He was senior vice president of human resources for Walt
Disney Co.; has worked with MALDEF, The National Council
of La Raza, The Imagen Foundation, HACR and others.