In 2020, Corporate America made some big promises about combatting racism and promoting inclusion. So, what was the impact of those promises in 2021? There are more Black directors in the boardroom, for one thing. During the 2021 proxy season, S&P 500 companies tripled the share of new directors who are Black. Plus, there have been thousands of companies listening to their Black, Latinx, and other employees from underrepresented groups. And numerous firms are committing resources to hire and develop diverse staffs and deliberately seek out vendors owned by underrepresented businesspeople.
Still, there’s a long way to go. There are still very few Black employees in senior management positions and perhaps even fewer from other non-White groups. And racism and microaggressions in the workplace showed up even when no one was working at the office. Becoming more diverse and inclusive is a critical task, experts say, since more than half the country will be non-White before the middle of the century.
To help leaders make significant changes, Korn Ferry has gathered its best insights on diversity and inclusion, and on eradicating systemic racism in the workplace.
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Address root causes, drive lasting change, and make diversity, equity, and inclusion a true lever for competitive advantage in the workplace.