Monthly Archives

July 2019

Diversity and Inclusion Issues

The 4 Most Important Diversity and Inclusion Issues in 2019

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In a recent roundtable event comprised of professionals in D&I, HR, Talent, Consulting, and Coaching. We had the opportunity to learn more about the pressing issues many people in the realm of Diversity and Inclusion are experiencing on a regular basis. Having now hosted 5 of these events, we wanted to share our 4 most important Diversity and Inclusion issues, and give a brief summary of the discussions that has revolved around them.  

   

We know Inclusion is tied to innovation, but how do we measure innovation? 

Most define innovation along the lines of an organization’s capacity to capture new market share, create new products/services and develop ahead of its competition in order to take or maintain a primary position within its industry. However, it is also important to identify a component of “idea sharing” related to innovation and a culture that fosters innovation. Employee engagement is a great place to start in measuring the early framework for innovation. This article goes into more detail regarding the impacts and measures of innovation.  

How can we advocate for practices that promote diverse hiring? 

Many companies haven’t yet realized that unconscious bias can creep into talent processes, from hiring to advancement in several ways. We’ve seen job listings that were almost tailormade to invite bias. It’s unintentional but happens so easily. While many companies do unconscious bias training in the context of day-to-day leadership practices, many don’t apply this training to the context of hiring. One benefit of bringing in an unbiased third-party like Lead Inclusively to do an assessment is that the third party can quickly see opportunities like this, which internal employees have often simply adapted to. 

Business results from diversity and inclusion

How do we achieve buy-in to Diversity and Inclusion within our organizations? 

A company seeking to embrace the benefits of diversity and inclusion will have limited success without buy-in from leaders at the top of the organization. However, despite best intentions, most leaders simply have not been trained to recognize or cultivate a truly inclusive leadership style. This lack of training can inadvertently stifle innovation and creativity in their teams. In most cases, the first step to buy-in can be to present the ample, but relatively unknown, research that highlights the correlation between inclusive culture and innovation. Many firms now also have resources strategically aimed at helping professionals get buy-in from key decision-makers.  

How can transparency and authenticity impact our leadership cultures?  

In Diversity and Inclusion, transparency is the first step for leaders (ALL leaders) to build self-awareness of their own biases. A transparent, self-aware leader is more effective at navigating their biases. Leaders that effectively master this are more practical decision-makers, more authentic communicators, and more effective team-builders. Ultimately, studies show that inclusive leadership creates the most productive, engaged teams in the world.   

Diversity and Inclusion Events

To say these conversations have been invaluable to me would be an understatement. If you are interested in joining the conversation, it would be a pleasure to host you and your thought-leadership during our next event 

Employee Engagement solutions in 2019

US Employees are Disengaged. Now What?

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Companies that fail to engage their talent, particularly diverse talent, can experience symptoms ranging from increased attrition to reduced company revenue, poor pulse survey scores, and more. Low employee engagement isn’t a unique challenge. In fact, more than half of employees surveyed report that they aren’t engaged at work. Even worse, disengagement is contagious. In the United States alone, disengaged employees annually cost companies over $500 Billion (that’s billion, with a B). This means that companies are losing money every day because employees aren’t showing up to work fully. Where is the room for improvement and what are some of the potential benefits companies can expect to experience from well executed Employee Engagement tactics.

From lower employee morale to reduced productivity, if employees aren’t engaged it means the company is at risk of losing key talent or having that talent “show up” for work, without gaining the maximum amount of productivity and ideation that happens when employees are invested in their workplace because they have a sense of well-being and belonging.

Companies are at risk but there is room for opportunity

According to employees in the U.S., almost 70% consider themselves anywhere along the axis of “not engaged” to “actively disengaged.” That’s a tremendous loss in terms of productivity and a delay in reaching company business goals.

Employee engagement has room for improvement in most organizations: just 12% of businesses report being happy with current levels of employee engagement. This means that low employee engagement scores can result in leaders being viewed as lacking the strategic team insight that leads to full engagement.

Employee Engagement Solutions

A culture of Diversity and Inclusion makes workplaces better for EVERYONE

Employees’ positive perceptions of D&I practices are positively related to employee engagement for all employees, not just minority groups. Perceptions in this case are derived from the actual ‘policies and practices that make up an organization’s diversity practices’ – the tangible actions taken for diversity. This means companies taking steps to ensure impactful D&I practices are in place, will benefit across all demographics.

When it all boils down, companies with engaged employees achieve an average of 21% higher profitability compared to those with disengaged employees. This means that companies that succeed in engaging their employees have a strategic advance over the competition. There is ample research that can more than validate the fact that engagement drives profits, and that a culture of diversity and inclusion drives engagement.

Our team addresses these topics and more during our open monthly Q&As, as well as during our quarterly webinars. The cost of employee disengagement and D&I as a solution to those costs is a discussion worth expanding whenever possible. Finally, see expanded stats and some of our favorite approaches to empower a culture of Diversity and Inclusion that promotes company-wide engagement on page 18 of our Lead Inclusively Whitepaper.