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?