4 ways to improve company diversity initiatives

By Alyssa Place, This is my expertise
Published 2 Min Read

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Employers celebrate when their diversity, equity and inclusion efforts make an impact — but those corporate pats on the back may be short-sighted. 

It’s expected that employers will spend $15.4 billion on DEI efforts by 2026, nearly double the $7.5 billion spent in 2020, according to McKinsey. Yet employees are still being overlooked when it comes to the benefits that best support them, and even the work environment that could accommodate their needs. 

Read: Retirement’s race problem: How employers can bridge the gap

White Americans have seven times more accumulated wealth than Black individuals, and in retirement, that translates to shocking differences in savings. To bridge these gaps, employers need to address both financial and cultural divides within their workplace. Two experts from Morgan Stanley at Work and Fidelity share why this gap persists, and how benefits and effective communication can help to improve the financial well-being of BIPOC employees. 

Alyssa Place
Editor-in-chief

Alyssa Place is the editor-in-chief of Employee Benefit News and has been with the team since 2019. Her work covers mental health, DEI, women at work, financial wellness, retirement and workplace … Read full bio


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