DEI efforts are still failing BIPOC and Hispanic employees, report finds

Published October 17, 2023 3:26 PM EDT 2 Min Read

As the effort to prioritize diversity, equity and inclusion strategies continues, it’s important to get a pulse on where we are — and how far we still need to go.

Arizent, EBN’s parent company recently released its third annual diversity, equity and inclusion report, The Positive Business Impact of Genuine Inclusion. The data was collected online between July and August 2023 from 669 U.S. employees across all industry sectors. Sixty percent of responses came from white-collar industries like banking, accounting, wealth management, insurance and other professional services.

The accounting, banking and insurance industries score relatively lower when it comes to DEI efforts and the perceived value. What’s interesting, however, is that respondents were more likely to score their individual companies highly on DEI health than they were their industries.

A lack of diversity has also been correlated to employees’ willingness to speak up for themselves and receive support at work. In companies where DEI is seen as truly practiced and where the executive leadership is more diverse, employees are more likely to agree that they are engaged for their perspective and that their input matters. They were also more likely to say they felt comfortable disagreeing in meetings and that curiosity was encouraged in their role.
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Paola Peralta

Associate Editor

Paola Peralta is an Associate Editor at Employee Benefit News and has been with the team for five years. She is a proud UCF journalism graduate who got her start through a Dow Jones News Fund … Read full bio