Equity in the workplace means that everyone is treated fairly. When equity prevails, all employees have equal access to opportunities. The workplace is then advantageous for both the employees and the employer. Equity also fosters employee retention, attracts talent, drives diversity, and enhances the bottom line.
Having a workforce is a business imperative for most companies. By welcoming, valuing, and ensuring equal opportunities for all ethnicities, races, ages, religions, abilities, genders, and sexual orientations, a company can create a culture that’s truly diverse, equitable, and inclusive. Companies that embrace diversity, equity, and inclusion tend to be more innovative, creative, and agile as well as attract and retain more top talent.
Having a global Inclusion and Diversity Council in a company is critical to creating a diverse, equitable, and inclusive workplace. The council should include representatives from every region and business unit as well as members who reflect your company’s geographic demographics in relation to gender, ethnicity, race and disability.