Draup Talent
Request Demo
Diversity and Inclusion Efforts: How 4 Top Companies Are Going the Extra Mile
Diversity and Inclusion Efforts: How 4 Top Companies Are Going the Extra Mile
Sundeep Keramalu

Content Developer

Share

Diversity and Inclusion Efforts: How 4 Top Companies Are Going the Extra Mile

26 Apr 2021

Our ability to reach unity in diversity will be the beauty and the test of our civilization. – Mahatma Gandhi

A recent research showed that companies with below-average diversity scores generated only 26 percent innovation revenue, whereas companies with above-average diversity scores generated 46 percent innovation revenue.

Let’s look at some of the diversity initiatives of some of the largest organizations in the world.

Johnson & Johnson

Johnson & Johnson cares about invests many resources each year to create a better and more inclusive environment. The organization works very hard to drive superior business results and empower sustainable competitive advantage by maximizing the global power of diversity and inclusion.

Other than the standard employee resource groups, mentoring programs, Johnson & Johnson has taken a step further and created ‘Diversity University,’ a portal that helps employees understand the holistic benefits of working together and collaboratively.

The Chief Diversity Officer (CDO) reports directly to Johnson & Johnson’s CEO, which means all diversity and inclusion initiatives are overseen by top management.

Johnson & Johnson’s enriching diversity efforts are acknowledged and appreciated by U.S. Veterans Magazine.

The company is only the second company to have been Working Mother 100 Best List for the last twenty-eight years, which means something.

Accenture

Accenture trains half a million workforce in diversity and inclusion programs, where its core focus is on non-discrimination based on differences based on disability, disability, ethnicity, gender, gender identity and expression, religion, or sexual orientation.

The organization has broken its diversity and inclusion at workplace training into three broad categories:

1. Diversity Awareness: How diversity helps improve productivity and output.

2. Diversity Management: To equip managers to manage diverse teams.

3. Professional Development: To empower women, LGBT, and employees from ethnically diverse backgrounds to upskill and reskill to be better prepared for the future.

Coca-Cola

Cola-Cola’s diversity efforts are more than just policies and customary practices.

Its diversity programs include diversity training, diversity speaking, and a wholesome diversity library.

In 2017, a group of young employees, to make workplaces healthy and increase retention, helped introduce a parental benefits policy that allowed all new mothers and fathers to get 6 weeks of paid leave.

Ernst & Young

Ernst & Young firmly believes that exceptional performance results from different opinions, perspectives, and cultural differences.

EY is one of the top companies in the world that has assigned a full-time partner-level leadership to increase diversity in recruitment. Because of these efforts, women have taken more than 20 percent of positions in top management.

The organization also launched EY Launch, which attracts first-year college students from diverse ethnicities, transfer students, and sophomores.

Greater profitability and value creation are possible when there is greater diversity.

Companies must acknowledge that there is a direct link between financial performance and diverse leadership. Good gender diversity and ethnic diversity are core catalysts that determine better profitability.

A Forbes and Statista 2021 diversity report which surveyed fifty thousand Americans working for employers with at least 1,000 employees identified companies dedicated to diversity, equity, and inclusion. Here are the top ten employers – JLL, Booz Allen Hamilton, Quicken Loans, University of Alabama, Birmingham, Fidelity Investments, SAS Institute, University of Arkansas for Medical Sciences, Boston Scientific, Aflac, and VMware.

Large global organizations use Draup’s proprietary Diversity Navigator to help their HR teams to leverage ethnic and gender diversities across business functions, geographies, and job profiles.

Draup’s Diversity Navigator allows HR leaders to understand and map the underrepresented career path, helping companies achieve new levels of diversity and inclusion.

subscribe
Subscribe to our weekly newsletter Get latest talent insights and stay on top of market signals