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Why can’t NYC companies retain employees of color?
Continue to the storyNew York City is one of the most ethnically diverse cities in the country, yet many companies here are still doing a poor job when it comes to diversity. In this week's issue, Crain's New York Business has a special section on diversity in the workplace, and the statistics it cites are depressing: * "In a city that is 25% black, only 2.5% of employees making over $100,000 at the 16 [advertising] agencies examined are black" * "In the securities industry, minorities make up about 22% of the workforce but are clustered in the lower ranks" * "A third of law firms in New York don't have any black or Hispanic partners"