There have now been numerous studies on the positive impact of diversity on business outcomes, leading to:
š” more innovation
š¹ better revenue
š©āš¼ larger client baseĀ
š reduced turn-over and people costs
š increased imageĀ
...to name a few. McKinsey Diversity reports provide a lot of data and insights in that topic (https://lnkd.in/gdnYUJfC).Ā
Still that's not a given for every organization.
So what works? Here are my key take-aways from this morning's session withĀ EGN GroupĀ #HRĀ Leaders group, where we shared perspectives and success stories on D&I:
1ļøā£ First things first: acknowledge it takes time, consistency and honesty. There are rarely quick wins (avoidĀ #peoplewashing!).Ā
2ļøā£ Simplify your approach to preserve the collective and focus onĀ #inclusionĀ andĀ #equityĀ (rather than trying to cater for every diverse element)
3ļøā£ Focus on mutual respect, raise awareness, develop self-awareness through training, coaching, mentoring, story-telling (to understand, acknowledge and deconstruct our biases that come in the way of being truly inclusive).
4ļøā£ Ensure conducive policies are in place to provide the needed framework. And beyond the policies ensuringĀ #leaders, from the very top, walk the talk. People mirror what they see and what they experience (not so much the policies they read).
5ļøā£ Advocate for the younger generations (from education to communities), because we play the long-term game here. Kids who experience an inclusive environment today are our inclusive leaders of tomorrow.
Organizations' approach to D&I (or D, E & I) is key to creating resilient, innovative and responsible ecosystems, a strong pilar to a holisticĀ #sustainableĀ approach to making business.
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