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How to Implement the Best DEI Plan for Retail

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www.opensesame.com | (503) 808-1286 | info@opensesame.com Take the first steps on your DEI journey today. Watch the Webinars Read the White Papers Explore the Toolkit A changing US population and consumer demographic has intensified the need to hire and retain a diverse retail workforce. People of color now comprise roughly a third of the US population and will become the majority in 2045. Management, however, is not representative with white males making up 86% of executive/senior level managers. 1 Retailers must strive to connect leadership to front-counter workers to ensure decisions take into consideration their demographics, create more openings for diverse employees to advance their career paths upward, and for training programs to include more than standard diversity compliance offerings. Successful retail businesses are overcoming today's challenges and seeking solutions by creating DEI initiatives tied to primary business goals, starting at the top to implement their programs, supplemented by ERGs and tied to accountability processes. The industry is uniquely poised to meet DEI goals because the driving service mission is to meet consumers where they are in both product value and cultural values. 1 "As retailers focus on diversity, executive representation is stagnant." Cara Salpini, https://www.retaildive.com/news/as-retailers-focus-on-diversity-executive-representation-is-stagnant/585471/. October 2020.

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