Avoiding litigation should be one of your company’s strongest motivations for implementing diversity.
Racial discrimination settlements often range into the millions of dollars in fees and settlements, in addition to lingering damage to the company’s image and sales for years afterward.
- Coca-Cola recently paid out over $192 million in a discrimination suit.
- Chicago-based Commonwealth Edison has agreed to pay six former and current Hispanic employees $2.5 million to settle a lawsuit alleging discrimination in promotions.
Is there a reason why your company is not advertising on LatPro, the largest, most visited site for Hispanic professionals? You probably have an ad or two on some generic diversity recruiting site, but will this hold much weight if you were to be faced with a discrimination suit by Hispanic employees? Recent history would say no.