A strategic approach to diversity, equity and inclusion can help people and societies thrive
18 September 2022
Organizational health is increasingly dependent on embedding DEI measures throughout the business.
Accelerated by global calls for racial justice and equity, organizational focus on diversity, equity and inclusion (DEI) has evolved from a “nice to have” to a business imperative. Consumers, investors, communities and talent are now seeking out companies that are making progress on social sustainability measures — moving the needle on the “S” of ESG, which has DEI at its heart.
When leaders proactively work to advance equality, they tend to see improvements in their bottom lines. The employee experience becomes more appealing — organizations are better equipped to attract and retain top talent, and people are more highly engaged and motivated to increase productivity and performance. And when the workforce includes people from diverse backgrounds who feel empowered to present ideas born of a variety of experiences, innovation grows.
That’s why more organizations are embedding DEI measures into their strategies and creating measurable business goals around them. This means integrating DEI considerations across:
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Engagement, accountability and leadership
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Organization design and governance
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Pay equity commitments and analysis
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Talent practices and career development
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Financial wellness, health and caregiving
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Organizational flexibility
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Policies and programs
Organizations are increasingly being evaluated on how well they perform against criteria beyond financial performance — measures that represent different dimensions of stakeholder capitalism.
Pathways to social justice: A revitalized vision for diversity, equity and inclusion in the workforce
Amid a global pandemic, racial and social unrest, and the rise of stakeholder capitalism, it’s a business imperative that leaders take action to create a more diverse, equitable and inclusive society.
Read the paper and learn how to create a revitalized vision for DEI
Achieving pay equity: How analytics has evolved to support true progress
More organizations are proactively conducting pay equity reviews as they strive to improve the employee experience and attract top talent — and as they respond to growing external pressures from global regulations and stakeholder expectations.
Stepping up for equity: How employers can close the career, health and wealth gaps faced by Black American workers
Data and insights on racial equity in the workplace can guide organizations toward actions that help Black employees thrive.