Reinventing Gender Diversity Programs for a Post-Pandemic World
When money no longer buys happiness, companies must rethink their approach to diversity, equity, and inclusion (DEI).
Companies must take a more comprehensive approach to diversity and apply a more nuanced lens to analyze diversity data. Each approach to DEI will—and should—vary considerably depending on many factors, such as industry and geography, that are unique to each organization.
This interactive dashboard features a small subset of data from BCG’s 2020 diversity, equity, and inclusion (DEI) survey, which comprises responses from approximately 20,000 people in 16 countries.
DEI initiatives are generally based upon assumptions rather than data. Employees are boxed into broad categories—Black, LGBTQ, female—and change and diversity management programs are developed to meet the needs of these groups.
But this aggregate approach often overlooks the identities that actually define the workplace experience for employees. A Black employee can also identify as LGBTQ and be a caregiver for an elderly parent. A white male employee might have a physical disability and work visa considerations. Diversity comes in many forms.
At BCG, we use data-driven insights to help companies understand the broad range of identities that influence how their employees perform at work, including elements of identities that are invisible or do not naturally fit inside the core set of categories that employers have traditionally focused on.
The interactive featured above highlights a subset of data from our 2020 DEI survey, which comprised approximately 20,000 people in 16 countries. Respondents represented a broad range of industries and a wide variety of levels within organizations that employed at least 1,000 people. The tool features country-specific racial and ethnic groupings, gender, sexual orientation, and other factors.
With access to these kinds of data-driven insights, companies gain the power to make a huge leap forward in diversity and organizational change. With a more comprehensive approach to diversity, they can unlock the bolder intent and aspiration of DEI efforts: enabling each employee in the organization to thrive, which ultimately fuels long-term, sustainable business advantage for the company.