Overall there is a lack of long-term strategic planning and integration as well as accountability. Businesses are prioritizing diversity without 51% of employees who recently quit their job cited putting equitable and inclusive structures in a lack of belonging at work as a critical reason place to actually support a diverse work culture. for leaving. Employees from underrepresented 9 Often, organizations place their DEI initiatives as identities were even more likely to cite this reason. a function of HR and do not pull programming So while we know that employees who feel included through to all aspects of their organization and are nearly three times more likely to feel excited day-to-day operations. It is important to mention by and committed to their organizations, the e昀昀ort another indicator for lack of success comes from put forward doesn’t match the data. poor training and delivery of shifting systems or Companies in the top quartile for ethnic/cultural policies and inauthentic and opaque conversations diversity on executive teams were 35% more likely at every level, not simply the C-Suite. Companies must also reconsider their recruitment partners to have industry-leading pro昀椀tability. On the 昀氀ip 8 side, companies in the bottom quartile for both and channels. gender and ethnic/cultural diversity were 29% Also, the lack of DEI success means employees less likely to achieve above-average pro昀椀tability are impacted in very direct and personal ways, than were all other companies in our data set. The 10 contributing to both attrition and resignations. bottom line implications cannot be ignored. 2023 Benefits Trends: The evolving workplace 20
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