Equality, diversity and inclusion (ED&I) has certainly been a hot topic in the HR field of late. Shocking world events during 2020 have triggered developments in the world of work to better embrace diversity and attract wider talent (though there is, of course, always room for improvement). But ED&I has been widely accepted as a key attribute of a successful business.
Indeed, there’s been a wealth of research reports showing why equality, diversity and inclusion in the workplace is so important. And unconscious biases are now widely recognised as a trait that we all have. But recognising that it exists is the first step in helping address the ED&I agenda. This has, in part, led to more forward-thinking employers investing in the development inclusive workplaces which naturally result in more diverse workforces. And the benefits have been widely documented.
In fact, earlier this year, McKinsey launched its latest inclusion and diversity (I&D) report, the third in a series of research showing the business case for diversity. And according to the 'Diversity wins' paper, the corporate value of these initiatives is greater than ever, even in a pandemic-hit environment:
“The business case for inclusion and diversity (I&D) is stronger than ever. For diverse companies, the likelihood of outperforming industry peers on profitability has increased over time, while the penalties are getting steeper for those lacking diversity.”
The research revealed some highly interesting trends:
This is just one recent example of data that shows why implementing an efficient equality, diversity and inclusion strategy is so important. But in these uncertain and constantly evolving times, knowing how to get ED&I right and ensure its future fit is a challenge.
In this in-depth exploration of the topic, we aim to equip those in the HR, talent acquisition and workforce management arenas with the insight they need to design and drive successful equality, diversity and inclusion strategies in today’s new, better, normal.
Before we go into our best practice advice for successful ED&I initiatives, it’s important to begin with a look at the many levels of diverse talent. When many businesses look at building a diverse workforce there are common characteristics or demographics that are considered. The more widely recognised ‘areas’ or ‘projected characteristics’ (age, disability, gender reassignment, race, religion or belief, sex, sexual orientation, marriage and civil partnership and pregnancy and maternity) already make executive discussions.
But there are so many more strands to diversity:
A truly inclusive workplace, then, isn’t one that focuses on a particular segment, but rather creates a work environment that welcomes and nurtures all talent. One where employees feel valued and empowered by equality, diversity and inclusion initiatives. But how can you achieve this in your firm?
As experts in delivering equality, diversity and inclusion initiatives across many disadvantaged groups, Guidant Global has experience in driving ED&I in the recruitment industry and our business. From our own experience we know that one of the biggest success factors in achieving this is trust.
Indeed, diversity and inclusion specialist, the Clear Company, outlined in its 'Guide to flexible working' at the beginning of lockdown that trust is a key trait of an inclusive leader. The presenteeism culture that has long existed in too many workplaces has certainly been removed for many, and we’ll only continue to see this shift as remote working remains in place. But to make it work and to ensure that an inclusive company culture is truly nurtured, there needs to be trust in your employees.
It’s important to add that this extends to the equality, diversity and inclusion strategy that’s built for your business as well. As seasoned talent experts know, you can’t simply force a business culture on your workforce and assume everyone will fall in line.
A company’s culture – and in turn, its ability to be diverse and inclusive – is driven by the talent the business engages. And it needs to be defined by them, not by the executive team. Senior leaders need to create an inclusive environment and to do this, they need to trust their staff to drive ED&I themselves.
Beyond the need for trust, there are many other ways that those involved in talent acquisition and management can create a meaningful equality, diversity and inclusion strategy:
Perhaps the best way to demonstrate how the above advice can work for a business is to outline how it worked for Guidant Global. ED&I has always been a key part of our business objectives but back in 2017 we took part in a client’s Inclusion Week event that inspired us to do more.
We set up an internal taskforce to plan and launch our own internal inclusion initiative, INfluence. This initiative was designed to allow our employees to upskill each other and deliver the knowledge, tools, and opportunities to enable everyone to build confidence in every area of diversity and inclusion.
INfluence was set up based on the insights from our teams. It began with our employees telling us what they wanted from the initiative and we survey staff (anonymously) each year to identify any areas of ED&I that our people want to know more about.
In the spirit of having a workforce-driven diversity and inclusion strategy, we invited all of our employees to become an INfluence ambassador to represent and support one of the key areas of diversity and inclusion.
Each team of ambassadors is self-sufficient. They have their own agenda that they drive. Together, they share their knowledge, research and experience to guide and develop their peers. We have a collaborative platform that allows groups to share webinars, run interviews and post information to engage the entire business and encourage a two-way dialogue.
As Nicky Hale, Head of Talent Engagement at Guidant Global explained, INfluence has had a real impact on our business:
“We take a people-first approach as a business, so it made complete sense that we empower our people to lead the company’s diversity and inclusion initiatives. INfluence is about educating ourselves, each other and the business. As the initiative grew, we recognised that we needed wider involvement beyond the talent team and it was evident that those who were passionate about D&I would have the motivation and desire to really make it work. That’s why we identified ambassadors across the business – and the globe – to drive and own INfluence.”
“What was particularly interesting as we developed INfluence was the wealth of knowledge that already existed in our business. As we called for ambassadors, we found more and more people who had experience or a personal interest in supporting under-represented groups that we wouldn’t have known of without INfluence.”
And this initiative really works. Not only have we received positive feedback from across the business, but we also won the ‘Diversity & inclusion’ award at the 2020 TIARA Talent Solutions Awards in September 2020. INfluence is part of our DNA as a company now, and our diverse teams are proud to be involved in it. And it works for our clients too. By developing our people, they are in a better position to pass this knowledge and experience on to the employers Guidant Global works with.
While equality, diversity and inclusion has certainly moved up the corporate agenda recently , the business environment we find ourselves working in now could see ED&I continue to change rapidly in the near future.
On a positive note, the pandemic has created a level of equality that has long been battled for by some audiences. With travel requirements and geographical borders now irrelevant for many in a remote working environment, it will be interesting to see how the disabled community will benefit, having always required a degree of flexibility from employers for remote work environments. It is also encouraging to see mental health becoming a much greater consideration by employers.
However, the economic climate does present some concern. With cost-cutting a priority for many businesses and budgets tightening, ED&I could be impacted. However, it’s crucial that employers keep diversity on the executive agenda. In the short term, letting inclusion drop off the priority list could impact productivity among existing teams. In the longer term, it’s likely to impact your employer brand. People will remember how your business handled this crisis. If your company is to be in the best position to compete for top talent in the future, its actions on D&I now need to be strategic (note that this doesn’t have to be costly, though).
In fact, McKinsey’s 'Diversity wins' report, echoed this sentiment:
“Some of the companies we have spoken to are viewing I&D as a “luxury we cannot afford” during the crisis. We believe that these companies risk tarnishing their license to operate in the long term and could lose out on very real opportunities to innovate their business model and strengthen their business recovery.”
And with the makeup of the workforce changing – with a greater reliance on contingent and external talent, as well as an increasing use of service providers – future proofing your equality, diversity and inclusion strategy to cover all areas of your workforce is now vital for your competitive stance.
Thanks to our award-winning inclusive recruitment practices and network of diversity-specialist recruiters, our customers are building workforces and workplaces where everyone can thrive. Access our D&I guide here, and get in touch to learn how we can support you.
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