Most people will be familiar with the term, ‘diversity’, but some may be confused about the difference between diversity, equity, and inclusion. This confusion will be addressed in our latest edition of ‘Consultants Corner’ with Rhian Smith-Price. The topic will focus on the Difference between Diversity, Equity & Inclusivity. Knowing the differences between diversity and inclusion in your company will make it easier to attract a wide range of candidates.
Diversity is the existence of specific distinctions among individuals, such as ideology, country of origin or age. Although diversity goes beyond outward appearances, the concept itself covers how a firm acknowledges, receives and values these differences.
Equity is a company’s system that ensures all workers get equal treatment, regardless of their differences. It applies to opportunities, promotions and organisational policy. Employees are more likely to bring ideas and contribute when they feel there is a level playing field. Fairer treatment in the workplace enhances their contributions. For example, you can incorporate equality into your operations by empowering qualified women, members of the LGBTQ+, ethnic minorities and neurodiverse employees community. Encourage them to take up positions of leadership. A study conducted by McKinsey found that only 85% of women obtained promotions to managerial positions for every 100 men.
In contrast, workplace inclusion refers to an environment where all workers feel a sense of belonging. Inclusion represents how connected employees feel with their job and the office. DE&I programmes should focus their efforts on inclusion since it forms the basis of empathy and comradery.
Overall, recognising these distinctions can help you better tailor your DE&I efforts to specific requirements within your workplace. Additionally, DE&I initiatives may improve morale and increase output. Put simply, the benefits of investing in your staff will double exponentially.
To discuss this topic more with Sarah, please contact her here.
