Recently, some companies have reversed their commitment to DEI for fear of public backlash and being considered “too woke.” Others claim they simply don’t have the budget to support DEI initiatives. Here are three reasons why cutting back on DEI is just not smart—for your employees or your business.
- In 20 years, Whites will no longer be a majority in the United States. Future workers will be more diverse than ever. Moreover, the majority of customers will be more diverse than ever, and the demand for products and services for these consumers will only increase.
- If a company wants to retain the diverse workers it recruits, it needs to make them feel they belong and that their work and presence are valued.
- DEI initiatives increase the corporate bottom line. Research shows that companies that invest in DEI programs are 36% more profitable than companies that don’t. And companies awarded “best” to work for are primarily companies that invest in DEI.
So remember, when it comes to morale, retention, and overall success, a strong commitment to DEI is a no-brainer.
NewPoint strives to educate people and foster a culture of respect in the workplace. Questions? Contact Us Today.