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We guide you on your inclusion journey. Inclusive teams work better together for happiness, ideas, and creativity.
Here's the latest Travel Alert on your Inclusion Journey:
80% of businesses are not tracking inclusion impact
We're pretty much all agreed that diversity and inclusion is an important factor in an organisation's success - 78% of leaders say that diversity and inclusion offer a competitive advantage, and we know that diverse teams are 35% more likely to outperform their competitors. That's why so many organisations have been working on diversity and inclusion lately, with 96% having a diversity and inclusion policy in place and 57% considering it a strategic priority.
Yet, despite all that, just under half of all employers don't have an actual strategy for diversity and inclusion. Only 28% of businesses have someone leading on diversity and inclusion internally, and a massive 80% aren't measuring the impact of the diversity and inclusion work they're doing. That means there are a fair few organisations out there that consider diversity and inclusion to be a priority, and maybe even have a strategy for it, but don't have anyone to make it happen and aren't tracking whether it's working.
With the greatest of respect, how is that ever going to work?
So this week we are covering:
?Why it's important to measure the impact of your work
??How to put together a diversity and inclusion strategy
??What we've learned this week about the impact of measurement
Why it's important to measure the impact of your work
If you're going to work on diversity and inclusion, then you're going to need to invest time, resource and budget into doing the work. You need to know that all of that has been invested in the right place.
Additionally, if you know what you got back from your investment, you can make informed calculations as to how much more you want to invest in future, and where best to focus those precious resources. It might seem, on the surface, that diversity and inclusion is simply a "nice to have", but if you can see that it is transforming your productivity, or your recruitment, or your marketing, or your project delivery, then suddenly the picture looks very different.
Take Richmond Hill Hotel, for example. After a year of working with us on a tailored and targeted inclusion strategy, their retention rate had improved from 46% to 72%! They are confident this can be attributed predominantly to their inclusion efforts. What would it mean to your organisation to increase your retention rate that much? Think of the saved recruitment costs, the savings on training and upskilling new employees, the retained knowledge and experience... Read more about Richmond Hill's experience here:
Not only that, but your internal and external audiences want to hear about the impact of your work. It's all very well you knowing that you're working hard on diversity and inclusion, but this is long-term work, the benefits of which are not always immediately obvious. You need to show your staff, potential future staff, customers / clients and potential future customers / clients that you are truly doing the work and not just paying lip-service to it. 50% of purchasing decisions are influenced by perception of diversity and inclusion, and employees who don't believe their organisation is committed to inclusion are three times more likely to leave. You'd better start convincing people, quick.
As you progress on this journey, you also need to review the data to understand where you are now and where you need to go next. It's only with measurement, informed by quantitative and qualitative data, that you'll understand where the gaps are in your organisation and what actions you need to take to address them. Otherwise you're just choosing work to do at random and hoping for the best, and that's not good for anyone.
We'd love to hear your thoughts:
Does your organisation have a diversity and inclusion strategy, and are you measuring its impact?
Let us know in the comments!
How to put together a diversity and inclusion strategy
Here are some top tips for getting started with a meaningful strategy:
If you're ready to get clear on your plans for the future, our Inclusion Strategy workshops walk you through the key areas that you need to define, and support you in putting together a plan for moving forward.
Email [email protected] for more information.
In the meantime, this Inclusion Strategy Checklist might be helpful in seeing how much you need to do, and how much you already have covered:
What we've learned this week about... the impact of measurement
Here's our learnings from relevant recent news stories. If you want to get all the latest diversity and inclusion headlines in your inbox, subscribe to our email updates .
One thousand UK workers to join first four-day week trial under Labour - The Guardian
One thousand workers in the UK will get extra time off with no loss of pay in the first official pilot by the four-day week campaign under the Labour government.
The trial will involve 17 businesses, who will mostly implement the four-day week, although some have opted to test a shorter working week or a nine-day fortnight, in which workers get an extra day off every two weeks. Four more businesses will join the trial later.
There have been fears surrounding whether a four-day week would impact productivity, and speculation that Labour may be reluctant to adopt the policy because of political perception. However, trials like this are producing meaningful data that will help to lessen the impact of emotional reactions and fear-based responses, as we'll know exactly how this way of working impacts businesses.
What can you learn from this story?
'Mrs Begum' syndrome: The medical stereotype hurting south Asian women - Leicester Gazette
Asian women experience significantly worse health outcomes than white women due to racist and stereotypes that lead medical professionals to unconsciously assume that they are exaggerating their symptoms.
The mortality rate during pregnancy and childbirth for Asian women is double that of white women, and Asian women lower survival rates for breast cancer.
One research report published in 2022 by Muslim Women’s Network (MWN) found that there was a lack of accurate ethnicity data, which “misses the differences in health inequalities between the different subgroups of women and is an example of systemic discrimination.”
What can you learn from this story?
That's it from us for this week!
If you have any questions on your inclusion journey, you can always reach out to us at [email protected] , call us on 01273 044834, or head to our website watchthisspace.uk for information on everything we have to offer!
Get started with measuring your work right now:
See you next week.