We all live in a world that is diverse and inclusive across many segments and our workplaces are no different. Inclusion & diversity (I&D) is more than programs, policies or headcounts. Organisations that authentically invest in building a inclusive & diverse workplace outpace their competitors by respecting the unique needs, perspectives and potential of all their team members. As a result, greater trust and more commitment is achieved from their employees due to them being able to be their true self at work and having a connected sense of belonging. Having a I&D strategy in place is no longer a 'nice-to-have' for organisations however the challenge is how do you make it authentic and lived everyday?
Research has shown many benefits of an inclusive & diverse (I&D) workplace such as higher revenue growth, a greater willingness and readiness to innovate through new and unique perspectives, and a stronger employer brand increasing the ability to recruit a diverse talent pool to name a few.
When it is evidenced that an effective I&D strategy results in upwards of five times higher employee retention rates, when considering in today's world the battle for talent, organisations have an unique opportunity to differentiate their employer brand as one all types of people want to work for and succeed, no matter what industry they work within.
A specific example of my success in embedding a progressive I&D framework was with Racing & Wagering WA. There was no I&D framework in the business and our engagement scores in this area were poor. This was having a detrimental impact on talent attraction and retention, so it could no longer be tolerated. I took it upon myself to drive the strategy, gaining Exec endorsement, and then setting up an employee nominated and led "Voices of Change' group that was responsible for designing and implementing the overall strategy. This resulted in specific initiatives across the I&D spectrum being developed and implemented, and in many ways we led the way in our respective industry such as being the first racing organisation to stage a week long Pride racing event nationally. This was a significant achievement and overall in the six months of the overall strategy being implemented greater engagement scores were achieved, advocacy as an employer to work for increased and there was a greater sense of belonging being experienced by our employees.
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