Diversity, Equity and Inclusion

DE&I Strategy and Key Focus Areas

The United States is on track to become a majority-minority country by 2044. The world is diverse; it is made up of people who have different backgrounds, traditions, and beliefs. Diversity, equity, and inclusion (DEI) creates a culture where every individual is acknowledged and supported, regardless of their differing background. It helps us to recognize the value in diverse voices, as well as other individual differences, such as gender, race, religion, ethnicity, or sexual orientation. Ultimately, a diverse workplace will lead to better innovation and success. Through inclusive language and leadership, everyone is encouraged to evolve both personally and professionally.

Many organizations are working towards fostering a workplace culture that is committed to DEI practices and ensuring that every voice is heard. BPC works with our clients to achieve these goals with our DEI Consulting Experts:

Individuals of working age 27–42 (Gen Y) and 16 –26 (Gen Z) represent the largest generations of the future workforce.

 

Women represent a critical source of underrepresented talent.

Research indicates companies achieve stronger business results when they are diverse and inclusive and thus incorporate diverse perspectives into their business planning, hiring, contracting, decisions, practices, and policies. A growing spotlight on racial equity and equitable contracting has created renewed calls for accelerated action and accountability for achieving change.

Why do you need diversity and inclusion initiatives in the workplace?

  • Glassdoor, states “76% of job seekers and employees report that a diverse workforce is an important factor when evaluating companies and job offers.”

  • Studies have shown that a sense of belonging in the workplace is linked to a 56% increase in job performance and a 50% reduction in turnover risk.
  • The Harvard Business Review found that diverse companies are 70% likelier to capture a new market. They’re also 45% more likely to report increased market share year-over-year.
  • Employees who are satisfied with their company’s commitment to DEI are 2x as engaged in their company’s success.

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