The Boston Consulting Group (BCG) analyzed corporate diversity and inclusion measures to determine efficacy and best practices.
A global survey of 16,500 people was conducted. Responses came from 14 countries (Australia, Brazil, China, Denmark, Finland, France, Germany, Japan, India, Italy, Norway, Spain, the U.K. and the U.S.) and respondents worked in a range of industries.
Key findings include:
– Approximately 98% of companies have established a gender diversity program, but only about 25% of employees in diverse groups said that they personally benefitted.
– 35% of respondents from minority groups believe that there are obstacles faced by diverse groups on the basis of race and ethnicity.
– The four obstacles included were: recruitment, leadership commitment, retention, and advancement.
– A key impediment to progress is that men age 45 or older, commonly those who lead decision making in corporate environments, underestimate the obstacles reported by female, racially or ethnically diverse, and LGBTQ employees by 10 to 15%.
– Employees from minority groups report that effective diversity and inclusion measures include:
– Setting antidiscrimination policies
– Providing formal training to mitigate biases and increase cultural competency
– Removing bias from evaluation and promotion decisions
Read the full report here.
Krentz, M., Dean, J., Garcia-Alonso, J., Tsusaka, M., & Vaughn, E. (2020, July 31). Fixing the Flawed Approach to Diversity. Retrieved September 08, 2020, from https://www.bcg.com/en-us/publications/2019/fixing-the-flawed-approach-to-diversity