6 Powerful Ways to Promote Workplace Diversity and Inclusion

Shefali Vasave | February 24, 2022 | 112 views

Diversity is the inclusion of different people and ideas. When we talk about workplace diversity and inclusion, we mean an equal representation of people from different backgrounds, cultures, genders, and abilities. Diversity helps create a company culture where everyone is valued and respected.

Companies with diverse management enjoy a 19% increase in revenue when compared to their counterparts. Not only that, gender-diverse teams outperform at a rate of 21% in profitability. (Source: Deloitte)


Introduction: Why Diversity Equity and Inclusion (DEI) Matter

According to a Pew Research Center study, it is estimated that by 2065, there will no longer be a single racial or ethnic majority in the U.S.

In addition, gender diversity is also an important component of the workplace. In 2017, a Pew Research survey revealed that over 47% of women have faced workplace discrimination. This is in stark contrast to the results of a Harvard and Princeton study that showed that women were more likely to be hired when applications were submitted anonymously.

Women also earn only 82% of the wages that men earn for the same work. The fact that women will make up 47.2% of the workforce by 2024 (Source: Deloitte) makes it no surprise that gender equality and diversity are important issues.

“Of course, diversity is something that you always have to work at, and while we’re proud of our progress, we know we still have a way to go yet.”

- Nabila Salem, President of Revolent Group

Although DEI programs are becoming common, their impact is yet to be fully known. According to a study by the National Bureau of Economic Research, only a small fraction of Fortune 500 companies have published their DEI data. Only 22 companies released the full data on their DEI programs or the racial and ethnic makeup of their workforce.


Equal Employment Opportunity Act (EEOA) and its Impact on HR & DEI

The Equal Employment Opportunity Act (EEOA) was enacted on July 2, 1964, to prohibit discrimination based on race, color, religion, sex, or national origin. It is a federal law that applies to all employers with more than 15 employees.

The EEOA has been a catalyst in helping companies champion workplace diversity and inclusion. Today, 48 states have an equal pay law in place that bars employers from paying female workers less than their male counterparts for the same work.

However, the bias against hispanic and black workers hasn’t improved much in the past 20 years. Based on the statistics released by the Equal Employment Opportunity Commission (EEOC), 1,889,631 complaints have been filed with the EEOC. Of these, discrimination based on race, disability, and gender made up 34%, 32%, and 30%, respectively.


Workplace Diversity Trends and Examples of DEI in the Workplace

Modern organizations still have a lot of ground to cover when it comes to incorporating meaningful diversity, equity, and inclusion into the workplace.


Celebrating Diverse Holidays

Celebrating cultural holidays and events is part of making a diverse team feel accepted. For instance, Coupon Lawn, a coupon code platform, takes pride in celebrating events like the Gay Pride Parade, Martin Luther King Jr. Day, and Women’s Day.

“We come together as a team and celebrate these special occasions to show that we support our employees."

- John Howard, CEO of Coupon Lawn

Creating a Buddy System

Organizations might want to take a leaf out of EpicWin App’s book when it comes to making new employees feel welcome no matter their gender, race, or ethnicity. The company has a buddy system that pairs a new employee with a tenured member of the team who then spends the day together. This ensures an inclusive environment and a positive company culture.


Integrating Diversity Into the Product

Sometimes, building DEI into your company culture requires bold steps. Hummii, the healthy snacks and ice-cream startup, encourages employees to contribute towards the company’s products by allowing them to create new flavors that are inspired by their culture. What better way to make inclusion a workplace staple?


Making Recruitment Anonymous

It is no coincidence that women are more likely to be hired when submitting blind applications. This is why anonymous recruiting is the way to go if you want to make DEI a part of your inclusive hiring process. Professional Employer Organization (PEO) is leading by example. Every resume it receives, it makes anonymous by covering up photos, ages, genders, and names. This allows the organization to make a fair hiring decision and bypass internalized biases.


Investing in L&D for Diverse Employees

Providing equal learning and development opportunities is the essence of workplace diversity and inclusion. The Product Reviewer, a leading digital platform for product reviews, ensures they include skill development and growth as part of their DEI strategies. By engaging employees and investing in consistent talent development across the board, the company makes sure they walk the talk when it comes to DEI.


Refining biased AI-algorithms

A discussion on workplace diversity trends would be incomplete without mentioning AI and machine learning algorithms. After all, AI is dominating hiring and recruitment in a big way. However, a Harvard study pinpointed that DEI-driven AI is still in its nascent stage. Facial recognition technologies that discriminate based on skin color have existed not too far in the past. AI algorithms are no different. Resume.io is working to remove AI-based discrimination by retraining its AI to exclude personal information while screening CVs.

"As fundamental as these notions of equality might seem to you, the reality is that we live in a world that is immensely unequal."

- Rashim Mogha, Founder - eWOW


To Conclude

Diversity, equity, and inclusion are essential components for forward-looking organizations. Beyond the compelling business case, diversity in the workplace is essential to creating a more functional and productive social climate. Organizations must work towards building a company culture that goes beyond mere symbolism. To be able to survive in fast-changing business landscapes, they must embed DEI deep in the organizational DNA.


Frequently Asked Questions


Who is responsible for the diversity and inclusion strategy?

The implementation of a diversity and inclusion strategy is the responsibility of the company’s leadership in conjunction with HR. They are responsible for setting up the strategy, communicating it, and implementing it.


What steps can be taken to reduce or remove bias in a company?

The best way to reduce or remove bias is to take steps towards awareness and understanding of the biases that exist in your company. HR leaders must then use this information to design DEI strategies and hiring practices that eliminate these concerns.


What are the benefits of a diverse workforce?

A diverse workforce can bring a variety of perspectives to the table. This can lead to an increase in innovation and creativity. It also makes the workplace more inclusive and welcoming for all types of people.

Spotlight

ID Medical

Award-winning, multi-discipline global healthcare recruiter, ID Medical, was formed in 2002 and is a superior quality supplier of locum doctors, nurses, allied health professionals and primary care staff to over 90% of UK hospitals and private medical sector organisations, extending to UAE and APAC.

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OnShift, Inc. and Payactiv, Inc. | October 06, 2022

OnShift, a leader in human capital management software for post-acute care and senior living, in partnership with Payactiv, the leading earned wage access and financial wellness platform today announced they are waiving standard Earned Wage Access (EWA) fees for users of OnShift’s financial wellness solution, OnShift Wallet. This includes making several EWA delivery options, including ACH, completely free for users of OnShift Wallet when accessing their earned wages between paychecks. At the onset of the COVID-19 global pandemic in 2020, OnShift and Payactiv had waived EWA fees to help healthcare employees during a period of uncertainty. With this release, EWA becomes even more accessible and stress-free for senior care employees. “Earned wage access is a crucial benefit for senior care where many employees live paycheck to paycheck, We’ve heard countless stories about how OnShift Wallet is helping caregivers in times of need. In partnership with Payactiv, we are proud to eliminate access fees to further support the senior care workforce.” -Jim Rubadue, Chief Operating Officer, OnShift In addition to fee removal, the latest release of OnShift Wallet has an enhanced user experience and user benefits, including: SmartSave tool to set financial goals and automatically save a portion of earned wages Free 1:1 financial counseling & content dedicated to financial literacy Peer-to-peer payments feature Integration with Uber to book rides using earned wages Expanded automatic bill payment services compatible with 75,000+ billers Added discount offerings on movie tickets, gas & more By partnering with OnShift to provide additional free ways for the senior care workforce to access their earned wages, we’re doubling down on our mission to bring security, dignity, and savings to the millions of workers experiencing financial stress, said Safwan Shah, Founder and CEO at Payactiv. OnShift Wallet is free for all OnShift customers and integrates seamlessly with OnShift’s workforce management solutions. So far this year, users of OnShift Wallet have conducted nearly 532,000 transactions resulting in more than $54.7 million in earned wages accessed. OnShift Wallet users routinely complete surveys to provide greater insight into their timely access to earned wages. So far this year, survey results revealed: 91% intend to spend the funds on bills, groceries, rent and unexpected expenses 76% avoided paying bank overdraft fees, late payments, payday loans or other fees 90% would recommend their workplace to a friend 95% would recommend OnShift Wallet to a friend or colleague About OnShift, Inc. OnShift’s next-generation human capital management platform fundamentally transforms the relationship between healthcare organizations and their employees. Our innovative approach to recruitment, hiring, workforce management, pay and engagement fosters a culture where people want to work. That’s why thousands of healthcare organizations rely on OnShift’s integrated suite of software and services to dramatically reduce turnover rates, decrease costs and improve the quality and continuity of care. About Payactiv, Inc. Payactiv, an award-winning certified B-Corp, is the leading provider of Earned Wage Access, offering a suite of financial wellness services designed to empower people to participate in the economy they helped create. Our platform and digital wallet serve 2000+ businesses and level the playing field for millions of workers who struggle with cashflow between paychecks. Payactiv is also the winner of the “Best Innovative or Emerging Tech Solution” at the 2022 HR Tech Awards, a Silver Stevie® Award for our “All-in-One Digital Wallet and Livelihood Platform”, and “Best Wellness Program” award at the California Excellence HR Awards.

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