Cars pass by the Tesla Inc. assembly plant. In Fremont, California, United States, on Monday, May 11, 2020.
David Paul Morris | Bloomberg | Getty Images
Elon Musk electric and renewable cars have published their first-ever edition Diversity report Late on Friday. She said Tesla has a “majority minority” of the American workforce overall, but that 83% of employees in leadership roles are men and 59% are white.
According to research conducted by Boston Consulting Group, Companies with more diverse leadership teams report higher returns to innovation. Increasingly, publicly traded companies are Required to disclose more information About the composition of their workforce, and Add people from various backgrounds To their boards.
Tesla’s inaugural Diversity, Equality and Impact on Inclusion report provides fewer details than diversity reports from major tech companies including Google And the an Apple, Which began publishing demographic information about its workforce in 2014. However, since Tesla manufactures cars, software, and energy products, it is difficult to compare it to its technology or automotive peers.
Tesla has revealed some big picture analysis of the current US workforce. Here are some highlights:
- The guys at Tesla roughly looked like: 79% from the workforce, 83% from leadership, 75% from new hires, and 77% from promotions in 2020.
- Women were roughly represented in Tesla: 21% from the workforce, 17% from leadership, 25% from new hires, and 23% from all promotions in 2020.
- Tesla’s black and African American employees roughly represent: 10% from the workforce, 4% from leadership, 12% from new hires, and 10% from promotions in 2020.
- Almost like the Asian Tesla employees: 21% from the workforce, 25% from leadership, 20% from new hires, and 23% from promotions in 2020.
- The staff is roughly of Hispanic, Latino or Latino origin: 22% from the workforce, 4% from leadership, 27% from new hires and 24% from promotions in 2020.
- White employees roughly represent: 34% of the workforce, 59% of leadership, 32% of new hires, 35% of promotions in 2020.
Tesla enumerated people from the Pacific Islands, Native Americans, Native Hawaiians, and Alaska Native communities as part of the “additional groups” category.
- Employees in Tesla’s “Extra Groups” category are roughly: 7% from the workforce and 1% from leadership.
Tesla’s first diversity report hasn’t even erupted How many of its employees were identified as having a disability. Also, gender-related data is approximate because Tesla did not include numbers On non-binary employees and gender non-conforming.
The report also lacks a discussion of employee attrition (or retention rates), and excludes multi-faceted analysis. This means, among other things, that it is difficult to ascertain whether employees in groups with low representation have quit Tesla or have been fired by them at a higher rate than their white colleagues. The company was not immediately available for comment when contacted by CNBC early Saturday.
Attrition is an especially important metric for Tesla. The company offers stakes in Tesla as part of its compensation for all roles, and uses that promise as a recruiting tool. The longer the employee stays, the more shares he can buy or give.
The lack of cross-cutting analysis in the Tesla Diversity Report also obscures whether Tesla’s people of color are promoted at the same rate as white people, or whether the people of color are military veterans are more or less employed than white veterans.
Overall, Tesla’s Diversity Report said that veterans currently make up about 4% of the company’s workforce in the United States.
The report follows a number of allegations of discriminatory treatment at Tesla from former employees and employees over the years. Tesla has denied wrongdoing.
Finally, Tesla has laid out plans in its report to keep its workforce at least as diverse as it is today, or to make it more diverse and inclusive.
Along with other initiatives, Tesla said it will recruit from historic black colleges and universities (HBCUs), offer a range of new apprenticeships, and conduct unconscious bias trainings for all personnel managers and recruiters in 2021.