Diversity and LGBTQ+ Support in Business

Questions and Answers

Diversity initiatives are credited with improving business ______, enhancing talent acquisition and retention.

performance

50% of respondents have well-established and structured supplier ______ programs.

diversity

51% of business leaders say public attitudes influence their company's decisions regarding ______ initiatives.

DEIB

96% of the companies report their commitment to ______ remains strong.

DEI Signup and view all the answers

Workplace bias leads to ______, which is expensive—often 150% of a worker's annual salary.

attrition Signup and view all the answers

Workplace bias decreases employee engagement, reducing productivity by roughly ______%.

20 Signup and view all the answers

US employees ages 18-34 are 5.5 times more likely to want to work at a company if it publicly supports and demonstrates a commitment to expanding and protecting ______ rights.

LGBTQ+ Signup and view all the answers

82% of business leaders consider ______ initiatives essential to their business strategy.

diversity Signup and view all the answers

Roughly 6 in 10 Americans said that diversity, equity, and ______ programs are a 'good thing.'

inclusion Signup and view all the answers

45% of respondents in a recent EY survey say that flexible working, including autonomy in choosing hours and ______, was their top motivator for instilling diversity, equity, and inclusion.

location Signup and view all the answers

67% of business leaders anticipate ______ initiatives will grow in importance in the coming years.

diversity Signup and view all the answers

One-on-one check-ins with employees is the most effective technique for leaders looking to maximize employee engagement, well-being, and ______.

productivity Signup and view all the answers

74% of EY Belonging Barometer respondents say their company's prioritization of DEIB factored into their choice of where to ______.

work Signup and view all the answers

46% of business leaders said the main reason they have diversity initiatives is to improve business ______.

performance Signup and view all the answers

Study Notes

Workplace Diversity and Employee Preferences

Employees aged 18-34 are 5.5 times more likely to choose employers who support and demonstrate LGBTQ+ rights.
Consumers are twice as likely to engage with brands that publicly support LGBTQ+ rights.

Importance of Diversity Initiatives

82% of business leaders view diversity initiatives as essential for business strategy.
67% foresee an increase in the importance of these initiatives in future business practices.
Main motivations for diversity initiatives among business leaders include improving business performance (45%), enhancing talent acquisition (43%), and fostering innovation and creativity (38%).

Public Perception of Diversity Programs

Around 60% of Americans consider diversity, equity, and inclusion (DEI) programs beneficial.
Nearly 70% support hiring initiatives aimed at increasing underrepresented groups in the workforce to promote equity.

Sense of Belonging in the Workplace

41% of individuals feel the strongest sense of belonging at work, while 75% have experienced exclusion in the workplace.
Checking in on employees’ well-being, both professionally and personally, is seen as the top contributor to fostering a sense of belonging (32%).

Employee Engagement Strategies

One-on-one check-ins are identified as the most effective way for leaders to enhance employee engagement, well-being, and productivity.
45% of employees prioritize flexible working arrangements as a key motivator for driving DEI initiatives within their teams.

Corporate Choices Influenced by Diversity Initiatives

63% of employees would prefer a company that prioritizes DEIB (Diversity, Equity, Inclusion, Belonging) over one that does not.
74% of respondents stated that their company's commitment to DEIB influenced their job choice.

Business Performance and Diversity

Diversity initiatives contribute to improved business performance, talent acquisition, retention, competitiveness, and innovation according to a recent survey.
50% of companies have established structured supplier diversity programs, while 32% are in the early stages of implementing them.
Public attitudes significantly influence 51% of business leaders’ decisions concerning DEIB initiatives.

Commitment and Risk Management in Diversity

96% of surveyed companies maintain a strong commitment to DEI while adjusting communication strategies and encouraging legal reviews of existing programs to mitigate risk.

Challenges in Equity Discussions

SHRM’s decision to remove the term “equity” from its discussions has sparked backlash and may unintentionally contribute to avoiding necessary discomfort, referred to as “dirty pain.”
Workplace bias is linked to high attrition rates, costing companies approximately 150% of a worker's annual salary.
Employee engagement can suffer due to workplace bias, leading to a 20% decrease in productivity.

Description

Explore the significance of diversity initiatives and LGBTQ+ support within American companies. This quiz examines how these factors influence employee preferences and consumer behavior in today's business landscape. Test your knowledge on the impact of inclusivity in the workplace and brand loyalty.