Our AI writing assistant, WriteUp, can assist you in easily writing any text. Click here to experience its capabilities.

Is Corporate IE&D Dying? Maybe Not

View Original View Raw

Summary

A survey of 445 HR leaders by software firm Capterra revealed that many companies have invested more heavily in inclusion, equity and diversity (IE&D) in 2023 than previously. The report found that 58 percent of HR professionals with a dedicated budget for IE&D claim their companies are placing even higher importance on these efforts this year than previously, and 65 percent said their budget actually rose in 2023. The report cited several factors that have influenced a rise in IE&D budgets, such as the economy not spiraling as expected and employees wanting their companies to commit to IE&D initiatives. HR leaders were advised to add rank-and-file employees to their inclusion and diversity leadership teams; promote IE&D goals to all employees; and communicate IE&D benefits, events and progress more frequently.

Q&As

What are the findings of a survey of 445 HR leaders regarding corporate IE&D budgets?
The survey of 445 HR leaders found that over half (58 percent) of HR professionals with a dedicated budget for IE&D claim their companies are placing even higher importance on these efforts this year than previously, and a majority of respondents (65 percent) say their budget actually rose in 2023.

What did the report find about the Supreme Court's decision to overturn affirmative action?
The report found that 86 percent of HR leaders agreed that the Supreme Court's decision to overturn affirmative action puts more pressure on employers to improve and monitor IE&D.

What are three ways organizations can emphasize IE&D's importance?
Organizations can emphasize IE&D's importance by adding rank-and-file employees to their inclusion and diversity leadership teams, promoting IE&D goals to all employees, not just managers and executives, and communicating IE&D benefits, events and progress more frequently.

What are the consequences of not investing in DE&I?
The consequences of not investing in DE&I include losing employees who want their companies to commit to IE&D, and facing real consequences that businesses face when they choose not to do so.

What are the benefits of investing in inclusion and diversity?
The benefits of investing in inclusion and diversity include supporting recruitment and retention efforts, and creating a more diverse and inclusive workplace.

AI Comments

👍 This article provides a great insight into the importance of investing in diversity and inclusion initiatives within companies to ensure the success of their employees.

👎 This article doesn't provide any concrete solutions for how companies can effectively implement diversity and inclusion initiatives in their workplace.

AI Discussion

Me: It looks at whether corporate inclusion, equity and diversity (IE&D) efforts are dying or not. According to the survey of 445 HR leaders by software firm Capterra, many companies are actually investing more heavily in IE&D in 2023 and the budget for it has gone up. However, only 30 percent of HR leaders strongly agree that their company won't sacrifice IE&D during an economic downturn.

Friend: That's interesting. What are the implications of this article?

Me: The implications are that companies need to continue investing in IE&D initiatives and should be aware that cutting back on IE&D during an economic downturn could have a negative effect on recruitment and retention efforts. Companies should also focus on promoting IE&D goals to all employees, invest in dedicated IE&D headcount and diversity recruiting resources, and communicate IE&D benefits and progress more frequently.

Action items

Develop a comprehensive strategy for IE&D initiatives that includes goals, objectives, and measurable outcomes.
Create a budget for IE&D initiatives and allocate resources to ensure that the initiatives are successful.
Establish a team of rank-and-file employees to help lead IE&D initiatives and ensure that all employees are aware of the importance of these initiatives.

Technical terms

Inclusion, Equity & Diversity (IE&D): A set of practices and policies that promote a diverse and inclusive workplace, including hiring and promotion practices, employee resource groups, and other initiatives.
Affirmative Action: A set of policies and practices designed to ensure that all individuals have equal access to employment opportunities and are treated fairly in the workplace.
Generative AI: Artificial intelligence (AI) that is capable of creating new data, such as text, images, or audio, from existing data.
Recession: A period of economic decline, typically defined as two consecutive quarters of negative economic growth.
Generation Z: The generation of people born between 1997 and 2012.
Millennial: The generation of people born between 1981 and 1996.