Downloaded 39 times
Uploaded byMarv Russell
The Business Case for Diversity
Marv Russell emphasizes the importance of diversity and inclusion in the workplace, highlighting how it enhances business competitiveness and employee engagement. As projections indicate significant demographic shifts by 2050, organizations need to focus on effective strategies for recruitment and retention of diverse talent. Key recommendations include establishing leadership commitment, creating diversity councils, and holding individuals accountable to foster a culture of inclusion.
More Related Content
Similar to The Business Case for Diversity
The Business Case for Diversity
- 1. www.marvrussell.com marv@marvrussell.com 312.315.7737 EXPERIENCE • 25+ yearsin Corporate Leadership Experience • HR Consultant, Author, Speaker • Leadership Coach • Student-Athlete Performance Coach • Former Notre Dame Linebacker and Member of the National Championship Team Diversity and Inclusion The Business Case for Success copyright Marv Russell Enterprises
- 2. What Will WeLearn Today? • What do we need to understand? • What do we need to know? • What do we need to do differently? • How do we hold ourselves and the organization accountable? copyright Marv Russell Enterprises
- 3. Understanding Diversity andInclusion Diversity Race Age Origins Gender Disabilities Orientation New Thinking New Ideas New Cultures Change CULTURE Habits Attitudes Beliefs Intuitions Traditions Scotoma InclusionInclusion CULTURE Evolves Sustainable INCLUSIONINCLUSION Race Age Origins Gender Disabilities Orientation New Thinking New Ideas New Cultures Change DIVERSITY DIVERSITY copyright Marv Russell Enterprises
- 4. Diversity Data The Factsare Clear PROJECTIONS: By 2050, Latino and Asian populations will double, and the Black population will grow by 71%. The US will attract 1 million immigrants a year, most of Latino or Asian origin. By 2030, 1 in 4 US residents will be Latino or Asian. copyright Marv Russell Enterprises
- 5. Diversity and Inclusion TheBusiness Case 1. Ensuring the organization is able to compete in the rapidly evolving marketplace 2. Client retention, increased employee engagement, business growth, higher employee productivity, and a greater ability to recruit and retain talent 3. Women and people of color represent a majority of the individuals entering into today’s workforce Can You Find Them and Can You Retain Them? copyright Marv Russell Enterprises
- 6. The Business CaseChallenge 2013 research found that almost all leaders polled believe diversity and inclusion can boost business performance. However, many organizations say their inability to find enough women, people of color and other diverse groups to fill positions is a problem. What is the Real Problem? They don’t know where to look. copyright Marv Russell Enterprises
- 7. Benefits of WorkforceDiversity & Inclusion Improved understanding of those you work with and serve Creates a work environment that allows everyone to reach their full potential Provides multiple perspectives on problem solving Better performance outcomes Increases employee productivity Increased retention rates Boosts employee morale Improved customer relations Reduces complaints and grievances It’s the right thing to do!
- 8. A Quick Exercise Whatare the barriers that prohibit your organization from achieving a Diverse and Inclusive environment? copyright Marv Russell Enterprises
- 9. What Really Works?What is Needed? Strong, consistent voice and action from the top Holding people accountable Create the right space and environment for authentic, real, inclusive and free dialogue Engagement Surveys and Metrics Define long term goals and how to get there Linking D&I to performance, reward and recognition copyright Marv Russell Enterprises
- 10. Your Mission andDiversity How are they related? • Diversity is commitment to building a workplace collaboration of cultures to enhance and support the organization. • Differences in experience, education, geography, language and perspective are treated as value-added contributions rather than distractions. • The organization has a series of values that supports its mission. The mission is the public commitment to the type of work the organization engages. Diversity and Inclusion is one important way the organization will live out its mission. copyright Marv Russell Enterprises
- 11. If You ReallyCare If You Really Believe If You Really Are Committed Recommendations Living Your Mission and Diversity copyright Marv Russell Enterprises
- 12. Establish a VisibleLeadership Commitment 1. Define Your Commitment • Achieve What? • Measure What? • Promote Your Values. Including…Diversity 2. Establish a “Champion of Diversity and Inclusion” 3. Hold Yourself and Others Accountable 4. Communicate Until It Hurts!!!! copyright Marv Russell Enterprises
- 13. Establish a VoiceFor Your Associates 1. Create a Diversity and Inclusion Council • Define expectations • What do you want from the council? • Engage and teach all associates 2. Create Employee Resource Groups (ERGs) representing various employee groups 3. Conduct an Employee Engagement Survey 4. Again, Communicate Until It Hurts!!!! copyright Marv Russell Enterprises
- 14. Establish Goals copyright MarvRussell Enterprises
- 15. Goals Talent Management Program EstablishAssociate Engagement Survey and Metrics Performance Management Diversity & Inclusion Council Learning and Development Agenda Compensation and Career Development Structure copyright Marv Russell Enterprises
- 16. The Challenge Avoid DoingStuff Instead Do Things that Drive Long-term Impact, Cultural Impact and Change copyright Marv Russell Enterprises
- 17. What’s Next? • ActionsPlans and Commitments • Messages to the Organization • Transitioning from Inside to Outside the Organization • Strive to Become Essential, Exceptional and Ethical Leaders of Diversity and Inclusion copyright Marv Russell Enterprises
- 18. 3E Leadership™ Essential Exceptional Ethical Diversity Leadership copyrightMarv Russell Enterprises
- 19. About the Author copyrightMarv Russell Enterprises Marv Russell is a leadership, diversity and human resources consultant; author; and keynote speaker. He has 25+ years’ experience in human resources and organization development including living and working abroad for nearly a decade for multi- national corporations. He is the author of Linebacker in the Boardroom: Lessons in Life and Leadership and Finding Your Internship: What Employers Want You to Know; and a new book on diversity and inclusion scheduled for a 2015 release. Marv created and advocates the principle of Essential, Exceptional and Ethical Leadership™. Marv’s bio and services can be found at marvrussell.com, connect with Marv on LinkedIn, or follow him on Twitter.