In 2018, many communities including high profile people spoke up against sexism, exclusion and racism in the US. Racial justice issues and the #metoo movement became front and center around the world while a renewed appreciation for diversity, equity and inclusion has emerged. Diversity, equity and inclusion are values that leaders must understand and adopt to remain competitive and relevant.
Diversity and Inclusion Is a Business Strategy, Not An HR Program
While the majority of companies feel they are ahead of the game in managing diversity and inclusion, it is not always the case says Josh Bersin, a global industry expert in human resources. Bersin found that while over 70% of companies believe they are advanced in the area of diversity and inclusion, only 11% truly understand the depth of the problem. This is why, Bersin says, diversity and inclusion is a business strategy, not an HR program.
The Schneider-Electric Story
After this global power systems company, the largest in the world, adopted a multi-hub business model and inclusive practices and policies, they grew by 6.2% in Q1, its Asia-Pacific business grew by 14%, and the company’s transition to digital power management is accelerating. Here’s how they did it:
- Multi-hub Business Model – Instead of asking people to relocate, the company moved job opportunities closer to them.
- Leadership Diversity – Actively fostering an environment of inclusion for everyone; identifying and growing leaders from new economies; and providing opportunities for five generations to work side-by-side.
- Inclusive Practices and Policies – Creating a Global Family Leave policy that allows everyone to manage their unique life and work; and providing a salary equity process to establish workplace gender equality.
- Inclusive Behaviors – Providing hidden bias education.
How We Can Help Your Organization Adapt Diversity and Inclusion
It has been proven that adapting to different ages, genders and races in the workplace increases productivity and innovation. That’s why it is critical that your organization adopt diversity and inclusion as core values, and adapt to remain competitive.
Schabel Solutions is a consulting firm that offers strategic solutions on how to develop and implement diversity and inclusion strategies, including customized training on how to identify and mitigate unconscious bias. Contact us today so we can help grow your business.