What is DEI?
Diversity refers to the presence of a wide range of individual differences and identities within a group, organization or society, encompassing characteristics such as race, gender, age, sexual orientation, disability, religious beliefs and more.
Equity involves ensuring fairness and impartiality in the treatment of individuals, considering their unique needs and circumstances. It goes beyond equality, which treats everyone the same, to address the inherent disadvantages and barriers faced by certain groups.
Inclusion refers to creating a welcoming and supportive environment that values and embraces diversity. It involves actively involving and engaging individuals from all backgrounds, fostering a sense of belonging and ensuring that everyone's voices are heard and respected.
The benefits of DEI in the workplace
Improved employee satisfaction and morale
Decreased turnover
Increased productivity
New ways of understanding and solving problems
Developing products and services
An increase in sales revenue, customer base and profits
Important numbers regarding DEI in the workplace
Only 32% of respondents in a Gallup survey strongly agreed that their organizations are fair to everyone. (Gallup 2022)
44% of workers have faced harassment at work (AllVoices survey 2022)
34% of all employment discrimination claims filed in 2023 were race-related (Zippia 2023 Study)
87% of job seekers look for diversity when applying for jobs (FinancesOnline 2023 Study)
80% of workers value an inclusive workplace (Built In 2023 Study)
Organizations that devote time and resources to implementing DEI initiatives are 2.6 times more likely to increase employee engagement and improve retention (Josh Bersin Academy 2022)
Diverse companies earn 2.5 times higher cash flow per employee (Research and Markets’ 2022)
Companies with greater racial diversity performed 35% better than the national average, and those with greater gender diversity performed 21% better (McKinsey 2017 Study)
