Why Diversity and Inclusion Matter
Now, more than ever, diversity and inclusion (D&I) are critically relevant to the future of the United States.
The American workforce has changed dramatically but workplace culture and recruitment techniques have struggled to accurately reflect this, creating a talent pipeline between the workforce and corporations that is skewed, biased and exclusive.
For example, only 7% of workers in science, technology, and mathematics fields are African American or Hispanic, despite comprising 28% of the country’s population (Brazen). And yet, the fact is that highly diverse companies consistently outperform their homogenous competitors by 19% (Boston Consulting Group).
The business case for D&I is indisputable; and demographic changes will make it almost a necessity. In a few short years, by 2025, millennials will make up 75% of the workforce; this group tends to value diverse and inclusive environments much more than workers of previous generations (2018 Deloitte Millennial Survey).
As more Americans choose to stand up against racism, intolerance and inequality, companies will be held accountable for their role in creating a more diverse and inclusive corporate culture.
All great social change has a window of proliferation that cements a new state in our collective values. Once the dust settles, companies who have embraced and developed strong diversity and inclusion programs, will eventually come out on top.
Don’t get left behind; if you don’t know where to start, let KCDG help you.