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7 Strategies to Improve Diversity Equity & Inclusion as a Business Driver

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Diversity, Equity & Inclusion | www.opensesame.com | (503) 808-1286 | 11 The world is also expecting more from businesses when it comes to DEI progress. In fact, the recent filing of a Nasdaq proposal that would require listed companies to have greater diversity in its executive positions speaks to the changing economic and social importance of these initiatives. Success in DEI involves an organization-wide strategy focused on building a culture through values, engaging talent, continuous learning, recognizing success and employee activism. It is a complex journey, but one worth investing the time, money and effort required to drive business growth and improve the engagement of employees, customers and all other stakeholders. Most organizations have traditionally addressed DEI awareness through compliance education that includes teaching the importance of being aware of unconscious biases and embracing differences in the workplace. But far fewer organizations target development programs for underserved populations or teach leaders, managers, and employees to embed the principles of DEI in everything they do to create a new culture. Organizations that are new to DEI have access to more training, tools, and resources than in any time prior. Taking action to model business strategy on proactive DEI practices that embody an organizations ideals and values is the first step in building a culture that is people-driven and evolving over time. Summary In the wake of the social justice movement and COVID-19, Diversity, Equity & Inclusion has never been more important, both as a business driver and a way for organizations to connect with their increasingly diverse workforces.

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