Executive Attitudes on Diversity Positive, but Actions Lagging
Most execs believe diversity, inclusion can boost bottom line
A resounding 96% of executives believe having a diverse and inclusive workforce can improve employee engagement and business performance, according to a survey by the Korn/Ferry Institute.
However, while the poll shows executive attitudes are positive, it also shows enterprises need to do more to promote inclusion.
While 72% of executives polled said their organizations have D&I programs, only 23% said their firms give senior executives financial incentives to promote inclusion.
“We are encouraged that nearly all of the executives surveyed recognize having a diverse and inclusive workplace gives them a strategic advantage in the marketplace,” said Oris Stuart, a senior partner in Korn/Ferry Leadership and Talent Consulting. “At the same time, there’s work to do in holding managers and leaders accountable and creating incentives.
“It is also interesting that although 52% of those surveyed said management performance appraisals include a component for effectively managing diversity, it is only influencing executive compensation in 23% of their organizations. That’s a problem,” said Stuart.
Do you think having a diverse and inclusive workforce can lead to higher employee engagement and improved business results?
Does your organization have a strategy in place to drive employee engagement?
Does your company have a strategy or program in place that promotes diversity and inclusion?
Do management performance appraisals include a component for success in effectively managing diversity?
Does your organization have a diverse mix of leaders?
Is executive compensation at your organization tied to diversity goals?
EXPLORE BY CATEGORY
Stay Connected with CBIA News Digests
The latest news and information delivered directly to your inbox.