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Diversity, Equity and Inclusion 2022: The RoI on DEI

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    Report

  • 25 Pages
  • October 2022
  • Region: Global
  • Arizent
  • ID: 5715055
Diversity in the workplace - or the lack thereof - has been a hot button issue for decades. But in recent years, the call for companies to take action and create equity in professional settings has reached a fever pitch. As employers continue to battle a challenging talent market, it’s clear they must make changes to build productive workforces and sustainable success.

In May 2020, the murder of George Floyd ignited a racial reckoning across America, and today, those challenging and valuable conversations are ongoing in both personal and professional worlds. Employers are increasingly investing in diversity, equity and inclusion (DEI) programs to create safer spaces for all employees, and examining their own recruiting and hiring practices to build workforces that more accurately represent the diverse communities they serve.

But progress, of course, takes commitment and time - and the road to full equity and inclusion is a long one. Consider this: Despite an increased (and much lauded) focus on DEI efforts, according to this research, non-white employees are less likely than their white counterparts to report feeling valued and that they belong at their organization. Black, indigenous and people of color (BIPOC) report that their professional input is requested significantly less than their white colleagues.

Humanity aside, that’s also bad business: According to 2019 research by McKinsey, companies that exhibit cultural, ethnic and gender diversity are significantly more likely to outperform less diverse organizations on profitability. Plus, employees who work at companies that exercise a genuine commitment to DEI are significantly more likely to view their workplace as a healthy, successful one.

Table of Contents

  • Introduction
  • So what’s the hold up?
  • Key findings
  • About this report
  • Research methodology
  • For workers of color, inclusion remains elusive
  • Workplace toxicity takes a toll on workplace health
  • Does DEI have a reputation problem?
  • A difference of opinion
  • The truth hurts: DEI is alarmingly low across industries
  • A lack of diversity breeds a disinterest in DEI
  • Talking a big game?
  • Working to course correct
  • The (significant) ROI of DEI
  • Conclusions

Companies Mentioned

  • McKinsey