To create a more equitable workplace, firms have increasingly broadened their executive panels to include positions with the phrases equality and diversity over the past ten years. Usually, businesses do everything they possibly can to achieve that lofty, deserving aim of fostering a sense of belonging among their staff. The lengths businesses will go to boost belonging can seem like swiping a hammer at a fly.
The previous three years have seen significant shifts in our environment, and talent retention has performed more twists than a gymnast. According to a Fortune estimate, US businesses spend $8 billion annually on diversity, equity, and inclusion to foster a sense of belonging that boosts productivity. Is it effective?
Answering the question is challenging. We know the worrisome rate at which employees are quitting their jobs. For instance, the Bureau of Labor Statistics says that the unemployment rate in the United States alone reached 3.6% in March 2022 for various factors.
Tags: culture • diversity • diversity and inclusion • equality • HR • Human Resources • inclusion