For the past 20 years, Michael Labate has helped organizations drive digital innovation and revenue for a global clientele across industries. From start-ups to Fortune 100 enterprises, Mr. Labate’s approach to developing an environment for success requires that everyone in the company is represented with equal opportunity. Michael Labate presently serves as President of North America at Intellias — a Forbes-ranked #1 Employer for IT Services in Ukraine, and Top Choice for Professionals by EY. Michael has an undergraduate degree in Business from Penn State University and an MBA from Northwestern University’s Kellogg School of Management.
Speech Overview:
Equity, Diversity and Inclusion (ED&I) is more than a policy or special program. Employers that truly adopt and commit to ED&I principals experience greater levels of innovation and creativity, broader access to unique skills, create an environment of success for their people and customers, and drive larger and more sustainable growth for the company.
Intellias’ President of North America, Michael Labate, will share a data-driven approach to why ED&I must be deeply embedded in the corporate culture, and how to start taking actions today to adopt ED&I principles in the workplace.
Similar to Michael Labate, Intellias. EDI in the DNA: Why Equity, Diversity and Inclusion (ED&I) must be embedded in the Corporate Mission, Vision and Strategy
GROUP-10_ Diversity, Equity & Inclusion at Workplace.pdfjagvirjaglan1
Similar to Michael Labate, Intellias. EDI in the DNA: Why Equity, Diversity and Inclusion (ED&I) must be embedded in the Corporate Mission, Vision and Strategy (20)
3. What’s EDI?
Equity, Diversity and Inclusion
Data-driven strategies
A mission with a set of core
strategies adopted by
companies
Top-line commitments Outperformance
30% women
leadership increase
30% people of
color increase
87% female execs
promoted
Parental leaves to all
employees
Organizations with
low diversity
Organizations with
greater diversity
+21%
Data Source: McKinsey Diversity Matters
4. A human problem
The RIGHT thing to do
Let’s pause and recognize
No excuses
It’s on us to change our mindset
“Do the right thing…”
5. The value
Why EDI needs to be part of the company’s
corporate strategy?
Outperform
corporate growth
goals
By gender diversity By ethnic diversity
Bottom quartile
Likelihood of financial
outperformance
Attract and retain
top talent
Increase innovation
and value creation
Capture competitive
advantage
Data Source: McKinsey Diversity Matters
44%
55%
43%
59%
6. Story from the
trenches
From #1 to zilch… a $40,000,000 zilch
Diversity is an important part of our
core values, and we seem to be
different right now in that way.”
7. Please, answer the questions below
Is your business at least 51% owned, controlled,
and actively managed by any of the following:
Women Other underrepresented
groups
Not just a reality
for Alex
8. EDI, how?
Start with the
executive team
Discuss, plan, define,
enroll, commit, enforce
and reinforce change
Appoint a Chief
People Officer
What does good look like?
Data Source: McKinsey Diversity Matters
What holds back EDI adoption?
Inability to connect value
to growth strategy
30% likely
to outperform
Companies
with EDI
Companies
with no EDI
9. REFERENCES
1.Rocío Lorenzo, Nicole Voigt, Karin Schetelig, Annika Zawadzki, Isabelle Welpe, and Prisca Brosi. “Innovation Through Diversity”. BCG. 26 April 2017. The Mix That Matters:
Innovation Through Diversity (bcg.com)
2.Glassdoor Team. “What Job Seekers Really Think About Your Diversity and Inclusion Stats”. Glassdoor. 12 July 2021. Recruiting a Diverse Workforce | Glassdoor for Employers
3.Stefanie K. Johnson. “What 11 CEOs Have Learned About Championing Diversity”. 17 August 2017. Harvard Business Review. What 11 CEOs Have Learned About Championing
Diversity (hbr.org)
4.Authors: Vivian Hunt, DBE, Sara Prince, Sundiatu Dixon-Fyle, PhD, Lareina Yee and contributors: Treina Fabré, Saif Hameed, Max Grass Araya, Alex Guo, Corinne Spears, Adrian
Lo, José Martín Quesada, Bomy Lee Chung, Aditi Tusnial, Dany El Khoury, Brenda Maldonado, Katarina Pregelj, and Ashley Schloss, Lexie Tonelli. “Delivering through
Diversity”. McKinsey & Company.
5.Tyler Sonnemaker. “Facebook is aiming to have 30% more Black people in leadership positions within the next 5 years”. 18 June 2020. Insider, Inc. Facebook Aims to Boost Black
Leadership Positions by 30% by 2025 (businessinsider.com)
About Intellias
Ranked #1 by Forbes for IT Services in Ukraine (#5 across industries), and
recognized by EY as a ‘Top Choice for Professionals‘. Intellias is first in
Ukraine to commit to the United Nation’s Women Empowerment
Principles, and Michael Labate sits on our Equity, Diversity and Inclusion
(EDI) board. For the past 19 years our 2,000+ in-house technologists have
helped clients engineer great products and services across 10 offices and
delivery locations throughout the world. Please have a look at our new
corporate HQ in Lviv, Ukraine.
Thank you!
Michael Labate
President, North America at Intellias