Diversity in the Workforce
In recent years, the U.S. economy has evolved from being primarily product-driven to significantly service-driven, placing an increased premium on top-notch talent. As a result, intellectual capital has replaced property, plant and equipment as the most critical asset for many organizations. Coupled with the propensity of individuals to switch jobs (the average job tenure in 2000 was 2.6 years, as reported by the Bureau of Labor and Statistics) and a decreasing pool of talent due to the aging, and soon retiring, baby boomer population, a war for talent is well underway.
The evolution of the professional workforce to a more diverse talent pool, as well as corporate America’s increasing desire to employ and take advantage of the skills of a more diverse workforce, heighten the need for organizations to partner with a human capital management firm to build a successful recruiting and retention strategy.

Workforce Ethnicity Statistics
At 12.3% of the population, people who identify themselves as "Black" are a large group – but no longer the largest minority. In the 2000 Census, Hispanics jumped to 12.5% of the population, from just 9% in 1990, and narrowly edge out African Americans as the nation’s largest minority group. Whites still make up a 75% majority of the U.S. population – but that share is shrinking fast. Although only 3.6% of the U.S. population identify as Asian, 22% of Asians have income of $100,000 or more, a share that is nearly double the U.S. average. Less than 1% of the population is Native American, but that number is expected to rise faster than average over the next five years. The newest category, counted for the first time in the 2000 census, is Multiracial, accounting for 2.4% of the U.S. population (many of which are under age 18).
-American Demographics, November 2002
-U.S. Census 2000