In today’s corporate world, diversity is a key resource, yet unlocking its potential depends on leaders’ diversity competence and effective diversity management.
Diversity, Equity & Inclusion (DEI) – an inclusive workplace that offers equal opportunities and unlocks diversity potential – is vitally important for private and public sector organisations aiming to enhance their growth, sustainability, reputation, competitiveness, and innovation potential.
Successful diversity management in an organisation allows individuals, teams and lines of business to grow by securing inclusion, wellbeing, productivity, engagement, effective collaboration, better customer service, creation of new services and solutions, attraction of talent, more efficiently managed resources, and other benefits. Furthermore, diversity management is not only about the bottom line, but also about social responsibility.
Key considerations
- Do you understand how DEI is linked with ESG principles?
- Are you aware of the diversity potential in your organisation?
- Do your leaders and staff have adequate diversity competence?
- Are your employees not performing as expected?
- Do you experience resistance to including diversity in your organisation?
- Do you have data on the diversity and inclusion situation in your organisation?
- Do you have diversity management strategy? Is your diversity and inclusion strategy aligned with your organisation’s business objectives, KPIs and best practice guidelines?
- Do you know how to measure the effectiveness of diversity management in your company?
- Are there any systemic obstacles that hinder flexible work arrangements and attracting the best professionals?
- Do your leaders understand the importance of diversity and inclusion? And do they have the necessary skills to lead your staff in an inclusive manner?
- Have you defined and taken steps to mitigate key risks associated with diversity and inclusion, remuneration, mental health, and wellbeing?
- Are you aware of international diversity management standards and how they are relevant to your organisation?
Leveraging PwC’s competence in DEI and cultural change, our team helps organisations identify and eliminate obstacles to successful diversity management and strengthen inclusive leadership. We do this by developing and implementing effective, tailored measures that reflect your organisation’s key business priorities.
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