Companies Must Invest in Three Areas to Sustain DE&I Momentum
George Floyd’s murder in 2020 — and the subsequent social uprising around racial injustice — catalyzed an unprecedented investment in diversity, equity, and inclusion (DEI). Organizations of all sizes and across industries pledged their support to Black employees and other underrepresented groups, to building more diverse and equitable companies, and to using their power for good.
Now, with the spotlight no longer shining quite so brightly on corporate DEI, how much progress have organizations made against their promises? Our company has partnered with hundreds of companies at varying stages of DEI maturity over the past two years. To understand the state of DEI efforts since 2020, we looked at aggregated, self-reported data collected from a subset of 48 of our clients, along with our experiences consulting with additional organizations.
Overall, we have seen some positive progress. But we also find that organizations could be making better, faster progress if they were more intentional about how they craft their DEI strategies. We’ve identified three areas where organizations need to focus and invest to keep DEI momentum going — and deliver on their promises.
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