Diversity in the workplace statistics you should know

August 10, 2023

Author

Kyle Carney

The term DEI has become very popular in the last decade, as companies around the world have begun to recognize and accept that they need to do a better job of creating inclusive workplaces for employees.

With the rise of work-from-home opportunities and further globalization of the workforce due to talent shortages, more companies are turning to DEI training programs to:

Improve company culture
Implement better hiring practices
Increase innovation
Attract younger employees

More studies are research point to the need for DEI training programs, as both employees and employers are seeing the benefits of a more inclusive workplace.

Here are just a few statistics that showcase why DEI training programs should be a priority for every company.

*The content provided is for educational purposes. The information shared is intended to offer insights and best practices for HR professionals and organizations.

Increased business performance

A Forrester study found that sales teams with leading DEI practices have an average lead-to-opportunity conversion rate of 54%, whereas sales teams with lagging DEI practices are at 26%.

While most people only think of DEI as impacting company culture, the truth is, it has a direct impact on actual business performance. Hiring a more diverse staff who feel comfortable and confident in their work environment allows for greater innovation and the ability to reach more customers with more targeted messaging.

Better hiring practices and employee retention

A LinkedIn study found that employers that posted more about diversity got 26% more applications from women, compared to companies that posted less.

Workers are more conscious of who they work for than ever before, particularly younger and female employees. Putting a focus on DEI training makes it easier to not only attract and hire better employees, but also increases the likelihood of keeping employees.

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More focus, but still work to be done

A LinkedIn survey of recruiters and HR professionals found that while 69% said their organizations were committed to more diverse hiring, only 47% are holding hiring managers accountable — a significant gap that could reflect a lack of action supporting those commitments.

There is a growing realization amongst companies that DEI training is an important part of growth. Yet, while companies are now realizing it, many are failing to follow through to implement solutions to address these needs. There are many reasons for this, including lack of knowledge, resources and availability.

The one thing all of these statistics have in common is they showcase the growing need for more DEI training in corporate settings. This need is now accepted by both employees and employers. In order to take the next step towards a more diverse and inclusive workplace for all, employers need to empower their employees with more training. With this added training, employees will be able to reach their full potential and realize their professional dreams, as they will feel safe and confident in their ability to do their job.