Diversity & inclusion survey results disappointing
96 percent of executives believe having a diverse and inclusive workforce can improve employee engagement and business performance, according to a first-of-its-kind survey
However, while the poll, undertaken by the Korn/Ferry Institute, shows executive attitudes are positive, it also shows enterprises need to do more to promote inclusion.
While 72 percent of executives polled said their organizations have D&I programs, only 23 percent said their firms give senior executives financial incentives to promote inclusion.
"We are encouraged that nearly all of the executives surveyed recognize having a diverse and inclusive workplace gives them a strategic advantage in the marketplace," said Oris Stuart, a senior partner in Korn/Ferry Leadership and Talent Consulting. "At the same time, there's work to do in holding managers and leaders accountable and creating incentives."
Korn/Ferry Leadership and Talent Consulting advises organizations on how to improve employee engagement by making their workplaces more inclusive. Last year, Korn/Ferry acquired Global Novations, a premier talent optimization firm known for its work in diversity and inclusion. Stuart served as that consultancy's CEO and managing partner.
"It is also interesting that although 52 percent of those surveyed said management performance appraisals include a component for effectively managing diversity, it is only influencing executive compensation in 23 percent of their organizations. That's a problem," said Stuart.
"In the end, these results are very much in line with what we're seeing in the marketplace," Stuart observed. "This survey shows we have made a positive start in building diversity and inclusion but still have a long road ahead."
Do you think having a diverse and inclusive workforce can lead to higher employee engagement and improved business results?
Does your organization have a strategy in place to drive employee engagement?
Does your company have a strategy or program in place that promotes diversity and inclusion?
Do management performance appraisals include a component for success in effectively managing diversity?
Does your organization have a diverse mix of leaders?
Is executive compensation at your organization tied to diversity goals?
The survey was conducted with more than 400 executives in August 2013.