Posted by Stacia Sherman Garr on April 2, 2014
Today at IMPACT 2014: The Business of Talent, we’re launching new Bersin by Deloitte research on Diversity & Inclusion (D&I) nine months in the making. Our study of 245 organizations with operations in North America, 56 percent of which are global or multinational, reveals no shortage of good intentions when it comes to fostering an inclusive culture. Execution and results, however, are lagging.
A few of the highlights from our new benchmarking study:*
Overall, our research found that most D&I initiatives today suffer from a lack of “three Fs”— focus, funding, and follow-through. Only one in four organizations includes a D&I metric when determining the CEO or executive compensation; the percentage is even less for managers at 18%. Moreover, public accountability for achieving D&I outcomes is small. While almost one-third of leaders (31%) publically discuss the business value of inclusion “to a great extent,” only 12% discuss to a “great extent” their organization’s effectiveness at achieving D&I goals, and only 2% of respondents “strongly agree” their organization’s metrics are transparent and shared among employees.
Instead, to improve D&I effectiveness, organizations should focus on three S’s—
Along with the benchmarking report, Bersin by Deloitte is also launching The Diversity and Inclusion Primer for those new to or having little experience with D&I; The Diversity and Inclusion Framework for those taking a fresh look at their diversity and inclusion initiatives; and additional tools and a Playbook that pulls D&I resources together in one place. These resources will be available to Bersin research members at www.bersin.com.
As the focus for organizations continues to shift from counting heads (“diversity”) toward making heads count (“inclusion”) for greater engagement, performance, and innovation, we’ll continue to research and report on their investments in D&I strategies, and their effectiveness in tying them to business strategies.
* For more about these and other survey results, see The Diversity and Inclusion Benchmarking Report: An Analysis of the Current Landscape, Bersin by Deloitte/Stacia Sherman Garr, March 2014. Available to research members at www.bersin.com/library.
** For more information, see The Corporate Learning Factbook 2014: Benchmarks, Trends, and Analysis of the U.S. Training Market, Bersin by Deloitte/Karen O’Leonard, January 2014.
|Stacia Sherman Garr leads Bersin by Deloitte’s talent management research practice, focusing on talent strategy, integrated talent management, performance management, career management, diversity and inclusion, employee recognition, competencies, and workforce planning.|
As used in this document, “Deloitte” means Deloitte Consulting LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.