CLO Exchange - Panel Discussion: Reframing the Value of Diversity and Inclusion Initiatives

CLO Exchange - Panel Discussion: Reframing the Value of Diversity and Inclusion Initiatives

The case has already been made on how diversity and inclusion in the workplace drives improved business performance. Inclusive leaders and the cultures they create incorporate many capabilities that align well with the same outcomes companies are trying to achieve. Cognitive diversity or differences in learning style and information processing also leads to increased talent acceleration and innovation capability. A McKinsey study in 2018 revealed that employees are 30 percent more likely to believe that their innovative potential is unblocked at an inclusive organization. A 2020 McKinsey study encourages continued business investment in diversity and inclusion even during economic disruption to keep a key competitive advantage in the marketplace. But how can gains in Diversity and Inclusion be reframed to demonstrate ROI? In this session the benefits of prioritizing diversity and inclusion initiatives and communicating their value will be discussed, including:

  • Winning the war for top talent
  • Improving the quality of decision making
  • Increasing customer insights
  • Driving employee motivation and satisfaction
  • Improving corporate image and credibility

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