Diversity and Inclusion
What is Diversity and Inclusion in the workplace.
It is now considered a business imperative for global organizations to embrace diversity and inclusion in the workplace.
With its benefits becoming increasingly clear, as many employees choose their employers based on this approach, the concept continues to gain traction in the corporate world.
The Priorities
The diversity and inclusion priorities of the companies whose executives were surveyed by Forbes Insights – including 32% who work in HR or talent management – include:
65
recruitment of diverse employees
44
retention of diverse talent
35
ensuring diversity in the workplace
29
developing a robust pipeline of diverse talent
28
managing cross-generational issues
"Diversity and Inclusion is a top-to-bottom business strategy."
Josh Bersin
Diversity and inclusion in the workplace
Key Takeaways
Creating a work environment that encourages thriving is an essential business practice for high-performing firms.
- Inclusion and diversity are the company's mission, strategies, and practices related to the support of a diverse workplace and the leveraging of the effects of diversity to promote competitiveness.
- Recruitment of diverse employees is the top priority for diversity and inclusion.
- About half of the diversity and inclusion best practices are not directly related to diversity per se but are practiced by everybody, including fair treatment and organizational flexibility.
- Diverse and inclusive business strategies must be more than just HR programs to be effective. According to 65% of senior executives, it is HR's responsibility to implement programs for diversity and inclusion.
- In many companies, measures such as productivity and turnover are used to assess the success of diversity and inclusion efforts.
- 87% of the time, diverse decision-making teams outperform individuals.
- With more companies investing in their diversity and inclusion programs, workplace diversity and inclusion will only gain in importance.
- Diversity makes organizations 35 percent more successful than their competitors, according to research.