The Need: Hispanic Senior Executives
Hispanics have become the largest minority group in America; at 47.8 million, they represent 15.5% of the U.S. population. The U.S. Census Bureau estimates that Hispanics will account for 24.5% of the U.S. population by the year 2050. They have become a major economic and consumer segment driving Corporate America’s significant growth. As a rapidly growing segment, they are emerging as a major component of the labor force. Today, Hispanics hold less than 5% of executive and managerial positions in Corporate America. According to PDI, Hispanic managers reach mid-level management positions faster than non-Hispanic managers, but within just a couple of years, non-Hispanic managers tend to attain higher level positions. Hispanic managers, in general, do not gain access or acquire the resources to develop prerequisite skills and competencies to ascend to executive corporate positions.
The Solution: NHCC Corporate Executive Development Program
The NHCC Corporate Executive Development Program (NHCC-CEDP), offered by the National Hispanic Corporate Council in partnership with SMU Cox Executive Education, is an innovative program designed for high-potential mid-level Hispanic managers in Fortune 1000 companies. This year-long program will provide selected high performing participants with the knowledge, skills and tools to accelerate their development into the executive ranks for increasing optimal business performance.
The program is guided by a distinguished advisory board of executives from nationally recognized organizations and exceptional faculty who are dedicated to advancing Hispanic managers in Corporate America into executive positions. The NHCC Corporate Executive Development Program provides a comprehensive leadership development experience over the course of 12 months. Participants will experience the program as a class and will be supported by faculty, executive mentors and program advisors.
This innovative program delivered at SMU-COX Executive Education, Southern Methodist University (SMU), Dallas, Texas, strategically tackles the challenges and opportunities cultural differences present in leadership development. The program’s goal is to fill the “development pipeline” with highly talented and capable Hispanic executives on their development journey to executive C-Suites in the Fortune 1000.