DEI Strategy #6: Leverage Technology to Put Your DEI Plan in Action

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Diversity, Equity & Inclusion | www.opensesame.com | (503) 808-1286 | 2 Organizations and people alike use technology of some kind nearly every waking moment of the day. Apps keep us informed of how many steps we take or calories we consume; automobiles self-start and doors unlock on our approach. Software technology is ubiquitous within business from tracking inventories to providing key performance indicators for sales teams to rank the rate of leads to closes. According to statistics from McKinsey & Company, prior to 2020 American corporations were spending $8 billion annually on diversity training, with over half of the Fortune 100 companies pledging another $2 billion shortly after the death of George Floyd. For these efforts to work, organizations have to embrace the tecnology available to them to drive their DEI plans, either as a point solution or through their human capital management (HCM) technology infrastructure. There are four focus areas of DEI technology: employee engagement and retention, learning and development, talent acquisition, and analytics. It would appear obvious that technology would also be utilized to implement organizations' Diversity, Equity & Inclusion plans. However… Only 23% of the enterprises researched currently use technology. 69% state no plans to use tech. Only 8% plan to engage it in the next 1-2 years. Source: Brandon Hall Group, Diversity & Inclusion Benchmarking Study, 2020

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