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.

Key Findings

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?