By Jason Richmond | Forbes | March 15, 2021
The issue of diversity and inclusion in the workforce is seeing positive action like never before. Meanwhile, many companies are trying to keep up with the changing business landscape brought on by the Covid-19 pandemic. After a year in which communities were roiled by social unrest and businesses were impacted by a once-in-a-century pandemic, I predict the year 2021 will experience further transformations in the way we work and with whom we work.
I believe this will be especially true in regard to diversity-and-inclusion initiatives. While many job seekers actively look for companies that espouse diversity and inclusion, only 55% of people feel that their companies actively do so.
The moral and ethical imperatives are clear, but they are not the only reasons for having a workforce that mirrors the makeup of customers. A Development Dimensions International survey of more than 2,000 human resource executives and nearly 16,000 global leaders found that organizations with above-average diversity are eight times more likely to be in the top 10% for financial performance.