Diversity and Inclusion is a company's mission, strategies, and practices to support a diverse workplace and leverage the effects of diversity to achieve a competitive business advantage.
For my last PwC virtual experience program, I was tasked to come up with a report showing how new hires, employees promoted, employees performance, and turnover are affected by diversity and inclusion (age group, gender, and nationality).
Diversity in the workplace has surpassed being a corporate trend and now is considered a business imperative for global organizations.
According to Josh Bersin, Companies that embrace diversity and inclusion in all aspects of their business statistically outperform their peers.
Some key indicators were obtained from the report generated:
- Most hires for women are for lower grades.
- The only countries that might have benefited from Diversity and Inclusion for their new hires at FY20 are Italy, Switzerland, Germany, and France.
- FY19 (2.57) outperformed FY20 (2.41) according to the average performance rating.
- There's a significant improvement (as regards women's inclusion) for FY20 from Job level before promotion and Job level after promotion. We can't say the same for FY21...sadly.
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