Employee Preferences and Diversity Initiatives
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Questions and Answers

How much more likely are US employees ages 18-34 to want to work at a company that supports LGBTQ+ rights?

  • 2 times more likely
  • 10 times more likely
  • 5.5 times more likely (correct)
  • 3 times more likely

    • What percentage of business leaders consider diversity initiatives essential to their business strategy?

  • 50%
  • 38%
  • 82% (correct)
  • 67%

    • What motivates 45% of respondents to implement diversity, equity, and inclusion (DEIB) initiatives?

  • Enhance brand visibility
  • Reduce operating costs
  • Improve business performance (correct)
  • Increase employee turnover

    • What is the top motivator for respondents in implementing DEIB initiatives according to a recent survey?

    <p>Flexible working options</p> Signup and view all the answers

    What percentage of Americans believe that diversity, equity, and inclusion programs are a 'good thing'?

    <p>nearly 70%</p> Signup and view all the answers

    How do 75% of respondents describe their feelings regarding inclusion at work?

    <p>They have felt excluded.</p> Signup and view all the answers

    Which one-on-one activity is considered the most effective technique by leaders to enhance employee engagement?

    <p>Check-ins on personal life and work</p> Signup and view all the answers

    What percentage of worker respondents would choose a company that prioritizes DEIB?

    <p>63%</p> Signup and view all the answers

    What percentage of respondents reported having well-established and structured supplier diversity programs?

    <p>50%</p> Signup and view all the answers

    What is one significant effect of workplace bias mentioned in the content?

    <p>Decreases productivity by roughly 20%</p> Signup and view all the answers

    According to the content, how do public attitudes affect companies regarding DEIB initiatives?

    <p>They influence company decisions.</p> Signup and view all the answers

    What negative consequence might arise from SHRM discontinuing the use of the term 'equity'?

    <p>Potential exacerbation of 'dirty pain'</p> Signup and view all the answers

    What constitutes a high cost of workplace bias as cited in the content?

    <p>Attrition rates of up to 150% of a worker's salary</p> Signup and view all the answers

    What percentage of companies reported that their commitment to DEI remains strong?

    <p>96%</p> Signup and view all the answers

    Study Notes

    Employee Preferences and Diversity Initiatives

    • Employees aged 18-34 are 5.5 times more likely to work at companies that openly support LGBTQ+ rights.
    • Public support for LGBTQ+ rights increases the likelihood of Americans choosing to buy from or use a brand by 100%.
    • 82% of business leaders view diversity initiatives as essential to their strategic business approach.
    • 67% of leaders expect the significance of diversity initiatives to rise in the near future.

    Business Performance and Diversity

    • Main reasons for implementing diversity initiatives include improving business performance (45%), enhancing talent acquisition (43%), and fostering innovation and creativity (38%).
    • Approximately 60% of Americans perceive diversity, equity, and inclusion (DEI) programs as beneficial.
    • 70% of Americans believe that DEI programs aimed at increasing representation of underrepresented groups are favorable.

    Workplace Inclusion and Belonging

    • 41% of respondents from the EY Belonging Barometer feel a strong sense of belonging at work, while 75% report experiencing exclusion.
    • Regular check-ins regarding employees' personal and professional well-being are identified as a top contributor (32%) to workplace belonging.
    • One-on-one meetings are deemed most effective for enhancing employee engagement, well-being, and productivity.

    Preferences for Work Environment

    • 45% of respondents prioritize flexible working arrangements, valuing control over working hours and location as a major motivator for promoting DEI.
    • 63% of employees would select a company that emphasizes DEIB (Diversity, Equity, Inclusion, and Belonging) over others.
    • 74% of respondents indicate that DEIB goals influenced their employment decisions.

    Outcomes of Diversity Programs

    • Diversity initiatives are linked to improved business performance, better talent acquisition and retention, increased competitiveness, and enhanced innovation, according to a Morning Consult survey.
    • 50% of companies reported having well-established supplier diversity programs, while 32% are at early stages of development.
    • 51% of business leaders say public perceptions impact their decisions on DEIB initiatives.

    Commitment to DEI and Challenges

    • 96% of surveyed companies affirm their strong commitment to DEI, though they are adjusting communication strategies to mitigate risk.
    • SHRM's decision to eliminate the term "equity" has sparked considerable backlash and may inadvertently contribute to "dirty pain" by stifling necessary progress.
    • Workplace bias is linked to high employee attrition rates, costing around 150% of an employee's yearly salary.
    • Bias leads to decreased engagement and productivity, reducing overall effectiveness by approximately 20%.

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    Description

    This quiz explores the impact of diversity initiatives and employee preferences on business performance. Learn how support for LGBTQ+ rights influences workplace dynamics and consumer choices. Discover why diversity is increasingly seen as essential by business leaders.

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