Report reveals employers at risk of losing staff if 'diversity in cultures and backgrounds are not respected'
Employees think that their bosses are not committed enough to Diversity, Equity, and Inclusion (DE&I) efforts, according to a new report, and this could put employee retention at risk.
A new report from HR consulting company Buck revealed that 32% of employees believe their companies lack diverse benefits, a figure that was higher for Black (35%) and female employees (35%).
These results could mean that a lot of employers are at risk of losing staff, as the report also said there is "direct correlation between employees and their likelihood to want to leave the organisation if they think diversity in cultures and backgrounds are not respected." This includes if they think their companies are not committed to DE&I, or if their company does not provide offerings for a diverse workforce. What’s more, younger employees are more likely to be interested in DE&I efforts compared to older staff. In fact, 60% of millennials expect their employers to demonstrate commitment to DE&I.
"Employer benefit offerings — including voluntary benefits — play a central role in supporting wellbeing, and the perception among employees of their company’s commitment to supporting an inclusive workplace culture," said Tom Kelly, a Principal in Buck’s Health practice and co-author of the report.
"Our findings show that DE&I is an important metric for employees, in addition...
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