Just like with psychological safety & trust, diversity, equity & inclusion (DEI) sometimes are misunderstood as just a “feel good” strategy that gets pushed to the side. DEI isn’t just a cost. It makes our workplaces better for everyone (which should be enough) but it also has business benefits. Here are a few business benefits of DEI:
Gender-diverse companies are 15% more likely to outperform their peers and ethnically-diverse companies are 35% more likely to do the same [McKinsey]
Inclusive teams make better decisions up to 87% of the time [Forbes]
Teams that follow an inclusive process make decisions 2X faster with half of the meetings [Forbes]
Decisions made and executed by diverse teams delivered 60% better results. [Forbes]
How do I get started with DEI?
On this week’s The Leadership Launchpad Project, Minette Norman joins Susan Hobson & I to talk about the range of diversity (hint; it’s more than gender & race), equity, inclusion and the intersection of DEI & psychological safety. We talk about how to get started and mistakes that companies make when getting started with DEI in 2021. Check it out on Apple, Spotify, Stitcher, Google Podcasts and more!
For leadership programs and services that will help you learn how to build trust, psychological safety, improve DEI & high-performance mindsets with your team, check out Elite High Performance or book a call with me to chat about what we have to offer.
– Coach Rob