Improving diversity, equity, and inclusion (DEI) has become a top priority for most organizations, with good reason. Not only is it the right thing to do, but it is quickly becoming non-negotiable for companies that want to compete in today’s economic and talent marketplaces.
“DE&I is a strategic imperative to win the battle for talent amid the Great Attrition, better service clients and customers, and stay ahead of fierce competition,” write Diana Ellsworth, Drew Goldstein, and Vidya Mahadevan at McKinsey. In other words, DEI is playing an increasingly crucial role in the long-term survivability of companies.
Recognizing this, executive teams at companies like risk and benefits solutions provider Sedgwick are being very intentional about their DEI efforts. “We’re focused on ensuring that DEI isn’t a standalone function that operates independently in the business,” says Global Chief People Officer Michelle Hay. “It has to exist solely to solve business problems.”
The organizations that are successfully implementing DEI initiatives have three things in common:
They consider DEI a critical element in the business strategy. They let the data drive DEI efforts. They implement technology that moves DEI forward.
Here’s a deeper dive into each of these key features of positive