Guest Column: Harnessing the Power of Diversity, Equity, and Inclusion for Lasting Progress
Welcome to Diversity Week 2023! For the next week we will collectively pursue the newest business strategies and industry innovations, and we will share the latest workplace diversity, equity and inclusion (DEI) tactics.
In the pursuit of building more inclusive societies, businesses and organizations around the world are waking up to the power of embracing DEI. Recognizing that diverse perspectives add immense value to organizations, leaders are now prioritizing efforts to create a more equitable and inclusive environment where every individual can thrive, irrespective of their similarities and differences.
Research and numerous success stories highlight the plethora of benefits that gender diversity gives companies. Those that champion an inclusive workplace culture statistically see improved teamwork, increased productivity, enhanced creativity and more sustainable growth. By bringing together individuals with a variety of backgrounds, experiences, and ideas, organizations can tap into a wealth of talent and gain an edge in an otherwise fiercely competitive global marketplace vying for the best talent.
Gender diversity is not just a matter of ticking boxes, but rather an opportunity to challenge conventional think- ing, dismantle biases and foster innovation. True parity requires a commitment to cultivating equal opportunities for everyone by confronting socio-cultural barriers head-on. By creating a level playing field, organizations are empowering individuals and teams to contribute their full potential, resulting in overall success.
Equity is another crucial aspect that complements diversity. It involves being conscious of and addressing historical imbalances and systemic discrimination that disproportionately affects certain groups. Taking steps to rectify these imbalances leads to better representation, enabling individuals to fulfill their capabilities and aspirations, free from any form of bias or discrimination. Embracing equity ensures that organizations truly value every individual’s contribution, liberating them from deeply-rooted limitations.
Inclusion plays a pivotal role in this transformative journey. It encompasses the need for actively listening, respecting and valuing the perspectives of diverse individuals. Organizations that foster a culture of belonging provide an environment where everyone feels seen, heard, and acknowledged. By encouraging diverse ideas and participation at all levels, inclusive workplaces become hubs of collaboration, allowing for a broader range of thought and enabling more effective problem solving and decision-making.
As we collectively move forward, it is crucial for stakeholders to understand that measurement matters. Otherwise, we might anecdotally decide that things look just fine. The AIM | PAR Workforce DEI Survey, led by The WICT Network and NAMIC, underwritten by the Walter Kaitz Foundation and deployed by PwC, provides critical, empirical data showing industry leaders how talent is recruited and retained and flowing through an organization. Companies that participate in the survey receive rich, confidential data comparing their DEI metrics to other industry organizations and other business sectors.
Embracing gender diversity, equity and inclusion is not an option; it is an obligation to create a fairer and more progressive global society. Only by harnessing the power of diverse ideas, experiences and perspectives can we truly unlock the immense potential within each individual and pave the way for a brighter future.
– Maria E. Brennan, CAE, is the President & CEO of The WICT Network: Empowering Women in Media, Entertainment and Technology, a 10,000 member global nonprofit.
