
CEO
Great Place to Work
Diversity Leads to Improvement
“When you have a company full of people who are trusted, cared for, respected and valued, they are going to give 100% to your company,” Bush says. “That’s why companies who have a culture closer to that outperform those who [don’t].”
“Not only do diverse teams have better decision-making capabilities, but research shows that they perform better as well,” Manar Morales, president and CEO of the Diversity & Flexibility Alliance, says.
“Organizations need to look beyond mission statements that include diversity and inclusion and make authentic and tangible commitments towards improvement,” Morales says. “I advise leaders to peel back the layers and ask, ‘Well, what exactly are we doing to improve?’ We need to see more concrete actions towards creating cultures that support diversity and inclusivity.”
As the U.S. economy continues to grapple with the negative effects of the COVID-19 pandemic, being able to traverse a recession will be more important than ever. But companies also need to have a longer-term perspective. According to both Bush and Morales, what companies do (or don’t do) about improving DE&I now will greatly influence who will want to work for and with them in the years to come.
Despite the evidence supporting the need for more diverse workforces, many companies struggle to actually do more than state their intention to improve. However, that doesn’t mean there aren’t concrete strategies that can be utilized to address the problem. To begin with, being purpose-driven is critical.
Since leaders need to take on a key role in promoting DE&I at all times, they must be even more active in times of distress. That means avoiding the last in, first out policies that can more disproportionately affect employees from historically marginalized groups, according to Bush, but it also means keeping a people-first approach overall.
In the same vein, as Morales points out, many companies claim that they recruit the best talent, but that can’t be the case if they limit their recruiting scope.
What Gets in the Way
“There are some leaders and managers who are creating an inferior, unfair experience for people in certain demographic groups, some consistently across all demographic groups, and you have to work with those leaders … and determine for yourself if they want to change.” Bush says. “And if they don’t want to change, you should get them out of the company.”
“Where companies fail is they don’t build in any accountability,” Morales says. “Everybody within the organization should be accountable to advancing diversity and inclusion within the organization.”
Creating that accountability has to be based on actual measurements of success and not just a look at peer companies, Morales says, noting that when companies just evaluate themselves against their competitors, they fail to move the needle since most industries are falling short. This causes companies to focus on sending out statements and enacting initiatives aimed externally rather than really examining how their internal structures contribute to the structural inequities of society.