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Companies speed up diversity and inclusion initiatives, but effectiveness is still low

July 28, 2022

The corporate world has already understood that diversity is something vital not only for building a healthier environment but also for the development of the business itself. According to a survey conducted by the global organizational consulting firm Korn Ferry, 83% of companies have accelerated their efforts on the issue in recent years, but there are still major obstacles.

The survey analyzed information from 5,000 DE&I specialists, HR practitioners, and business leaders from across the globe. When it comes to implementing diversity, equity, and inclusion initiatives, the biggest challenge reported by them is recruiting underrepresented talent (71%).

More mature organizations, however, are clear that they need to move beyond recruitment and focus on advancing their underrepresented talent and identifying diverse high potential leaders early. They also see the need to be intentional about building diverse and inclusive teams.

According to another study, carried out by the consultancy Mais Diversidade with 293 organizations, with headquarters in 34 different countries, 65% still don’t have a concrete and planned diversity and inclusion strategy. 

“A big mistake I still see is companies thinking that the theme of diversity and inclusion will be addressed with specific initiatives. But society demands more and more consistency and coherence”, says Ricardo Sales, founding partner of Mais Diversidade. 

“Therefore, the first step is to define a strategic objective, then think about governance, align expectations and distribute responsibilities from the top to the bottom, and finally build goals, public commitments and other solutions.” Ricardo Sales was guest #11 of BR Talks, the WIN World Newsroom interview series. The full conversation is available to watch (or listen to) here.


Source: Korn Ferry | Mais Diversidade