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The Business Case for Equity
and Inclusion
(AND HOW TO DO IT RIGHT)
© Outside the Circle Consulting, 2018
Get Ready
to Get
Uncomfortable
© Outside the Circle Consulting, 2018
Measurable Benefits
 Increased market share and better performance
 Better serve and communicate to consumer groups from a variety of backgrounds
 McKinsey & Co., 2015: “Companies in the top quartile for racial and ethnic diversity are 35%
more likely to have financial returns above their respective national industry medians.”
 Productivity and Innovation
 Richer solutions and better results
 Center for Talent Innovation, 2013: Companies with both inherent and acquired diversity are
158% more likely to understand their target end-users and innovate effectively if one or
more members on the team represent the user’s demographic.
 Employee Attraction, Retention and Satisfaction
 Employees who are part of an inclusive environment are less likely to leave
 Stephen Frost, 2014: “Discriminating against women, homosexuals and disabled people is
costing $64 billion dollars a year in the US alone.”
© Outside the Circle Consulting, 2018
Here’s the Real
Bottom Line
EQUITY AND INCLUSION ARE
AN INVESTMENT IN THE
FUTURE OF YOUR
ORGANIZATION.
© Outside the Circle Consulting, 2018
Why “Diversity”
Isn’t Enough
“…it is NOT the diversity that is the
problem. It is the unconscious
handling of diversity that creates
the lack of fairness in the
organization. It is not the fault of
the diverse, nondominant groups
nor is it the fault of the
homogenous, dominant groups in
power. It is that diverse
organizations require more
sophisticated leadership, conscious
awareness, thought, behavior and
tools to reap the benefits of what
true diversity can provide.”
-Laura Liswood, Senior Advisor,
Goldman Sachs
© Outside the Circle Consulting, 2018
Equity
© Outside the Circle Consulting, 2018
Inclusion
“FULL AND AUTHENTIC
INCLUSION HAS MORE TO DO
WITH COMPLETE MEMBERSHIP
IN A COMMUNITY RATHER
THAN TIME SPENT IN [AN
ORGANIZATION]…
MEMBERSHIP IS ABOUT
BELONGING, HAVING FULL
ACCESS, BEING ACCEPTED,
BEING SUPPORTED, AND
HAVING AN ENVIRONMENT
IN WHICH EVERY [PERSON]
CAN [BE THEIR] BEST.”
–TIM VILLEGAS
© Outside the Circle Consulting, 2018
Stop Wasting Your Money
 Typical diversity training exercises were followed by a 7.5% drop in the number of
women in management. The number of female African American managers fell by 10%,
while the number of male African Americans dropped by 12%.
 Businesses in the US collectively spend between $200 and $300 million each year on
diversity training.
 These make us feel good but accomplish nothing.
 Trainings that concern diversity are more effective when they are voluntary and used to
achieve specific company goals.
 Ex. Training on Mitigating Unconscious Bias in the Hiring Process
© Outside the Circle Consulting, 2018
Do This Instead
© Outside the Circle Consulting, 2018
Universal Design
Create physical, learning and
work environments so that they
are useable by a wide range of
people, regardless of age, size or
disability status.
© Outside the Circle Consulting, 2018
Bystander
Intervention
Teach employees to recognize a
potentially harmful situation,
interpret it as a problem, and
help.
© Outside the Circle Consulting, 2018
Stop Relying on
the Written Word
Things do happen outside of
memos, e-mails and written
policy. Allow for a more free and
open flow of information.
© Outside the Circle Consulting, 2018
Set Realistic
Timelines
Set timelines for work that allow
for the unexpected and give you
time to do things right.
© Outside the Circle Consulting, 2018
Accept Multiple
Truths
Two seemingly disparate
thoughts can exist and be true at
the same time. Work to create a
culture that accepts and
embraces this.
© Outside the Circle Consulting, 2018
Get
Uncomfortable!
Big, awesome, wonderful things
don’t usually happen inside our
comfort zone. Allow for conflict
and discomfort.
© Outside the Circle Consulting, 2018
What Are Your
Questions?
OUTSIDE THE CIRCLE CONSULTING
LAURENCSLEMENDA@GMAIL.COM
© Outside the Circle Consulting, 2018

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NCET Biz Cafe | Lauren Slemenda, How a diverse workforce improves your bottom line | Sept 2018

  • 1. The Business Case for Equity and Inclusion (AND HOW TO DO IT RIGHT) © Outside the Circle Consulting, 2018
  • 2. Get Ready to Get Uncomfortable © Outside the Circle Consulting, 2018
  • 3. Measurable Benefits  Increased market share and better performance  Better serve and communicate to consumer groups from a variety of backgrounds  McKinsey & Co., 2015: “Companies in the top quartile for racial and ethnic diversity are 35% more likely to have financial returns above their respective national industry medians.”  Productivity and Innovation  Richer solutions and better results  Center for Talent Innovation, 2013: Companies with both inherent and acquired diversity are 158% more likely to understand their target end-users and innovate effectively if one or more members on the team represent the user’s demographic.  Employee Attraction, Retention and Satisfaction  Employees who are part of an inclusive environment are less likely to leave  Stephen Frost, 2014: “Discriminating against women, homosexuals and disabled people is costing $64 billion dollars a year in the US alone.” © Outside the Circle Consulting, 2018
  • 4. Here’s the Real Bottom Line EQUITY AND INCLUSION ARE AN INVESTMENT IN THE FUTURE OF YOUR ORGANIZATION. © Outside the Circle Consulting, 2018
  • 5. Why “Diversity” Isn’t Enough “…it is NOT the diversity that is the problem. It is the unconscious handling of diversity that creates the lack of fairness in the organization. It is not the fault of the diverse, nondominant groups nor is it the fault of the homogenous, dominant groups in power. It is that diverse organizations require more sophisticated leadership, conscious awareness, thought, behavior and tools to reap the benefits of what true diversity can provide.” -Laura Liswood, Senior Advisor, Goldman Sachs © Outside the Circle Consulting, 2018
  • 6. Equity © Outside the Circle Consulting, 2018
  • 7. Inclusion “FULL AND AUTHENTIC INCLUSION HAS MORE TO DO WITH COMPLETE MEMBERSHIP IN A COMMUNITY RATHER THAN TIME SPENT IN [AN ORGANIZATION]… MEMBERSHIP IS ABOUT BELONGING, HAVING FULL ACCESS, BEING ACCEPTED, BEING SUPPORTED, AND HAVING AN ENVIRONMENT IN WHICH EVERY [PERSON] CAN [BE THEIR] BEST.” –TIM VILLEGAS © Outside the Circle Consulting, 2018
  • 8. Stop Wasting Your Money  Typical diversity training exercises were followed by a 7.5% drop in the number of women in management. The number of female African American managers fell by 10%, while the number of male African Americans dropped by 12%.  Businesses in the US collectively spend between $200 and $300 million each year on diversity training.  These make us feel good but accomplish nothing.  Trainings that concern diversity are more effective when they are voluntary and used to achieve specific company goals.  Ex. Training on Mitigating Unconscious Bias in the Hiring Process © Outside the Circle Consulting, 2018
  • 9. Do This Instead © Outside the Circle Consulting, 2018
  • 10. Universal Design Create physical, learning and work environments so that they are useable by a wide range of people, regardless of age, size or disability status. © Outside the Circle Consulting, 2018
  • 11. Bystander Intervention Teach employees to recognize a potentially harmful situation, interpret it as a problem, and help. © Outside the Circle Consulting, 2018
  • 12. Stop Relying on the Written Word Things do happen outside of memos, e-mails and written policy. Allow for a more free and open flow of information. © Outside the Circle Consulting, 2018
  • 13. Set Realistic Timelines Set timelines for work that allow for the unexpected and give you time to do things right. © Outside the Circle Consulting, 2018
  • 14. Accept Multiple Truths Two seemingly disparate thoughts can exist and be true at the same time. Work to create a culture that accepts and embraces this. © Outside the Circle Consulting, 2018
  • 15. Get Uncomfortable! Big, awesome, wonderful things don’t usually happen inside our comfort zone. Allow for conflict and discomfort. © Outside the Circle Consulting, 2018
  • 16. What Are Your Questions? OUTSIDE THE CIRCLE CONSULTING LAURENCSLEMENDA@GMAIL.COM © Outside the Circle Consulting, 2018