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Amid a global pandemic, racial and social unrest and the rise of stakeholder capitalism, it is a business imperative for leaders to take action to create a more diverse, equitable and inclusive society. A holistic diversity, equity and inclusion (DEI) strategy is central to these efforts: one that covers all business processes and builds on the contributions of people from all backgrounds and experiences.
In collaboration with the World Economic Forum (WEF), Mercer has issued a new paper, Pathways to Social Justice: A Revitalized Vision for Diversity, Equity and Inclusion in the Workforce, which examines:
Why the current climate demands a revitalized vision for DEI
What a holistic DEI approach means and how it benefits the entire organization
A detailed framework to develop an impactful and actionable workforce DEI strategy
How leading organizations are putting their DEI strategy into action
Download the paper
Learn more about the revitalized vision for DEI.
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Applying a holistic approach to DEI
A robust concept of DEI comprises many different dynamics to meet the needs of a global workforce that’s ethnically, economically, generationally, educationally and cognitively diverse. Organizations should embed a holistic DEI approach into all business processes. This approach should include not only internal strategies but also external ones — working with stakeholders such as consumers, suppliers, governments and communities — to encompass the business imperative of creating a more open, diverse and inclusive society.
Designing an effective, holistic workforce DEI strategy
Organizations can build a meaningful, actionable and impactful workforce DEI strategy using a four-step strategic framework.
Engage
Create an aligned and committed workforce and leaders
Diagnose
Root your strategy in proof, data and analytics
Take action
Integrate DEI into policies, practices and programs
Be accountable
Set goals, measure progress and share transparently
Change management and communication
No matter where your organization is in its journey, we’ve outlined practical actions to make sustainable progress.