The Headhunters hosted a webinar with guest speaker Nicole McCabe on the topic of diversity and inclusion. Nicole brought excellent insight on this topic, drawing on her successes in her recent role as SAP’s Global Head of Gender Equality and her leadership of the largest EDGE certification project.
We learned a lot from the expertise Nicole shared on this webinar. Here are some of the key take-aways:
- The world of work is changing: The global population is becoming increasingly more diverse, companies are dealing with skills shortages and corporate practices are highly visible in our increasingly social/transparent world.
- Diversity & inclusion (D&I) makes good business sense! Highly inclusive organizations generate 2.3 times more cash flow per employee and 1.4 times more revenue. $12 trillion will be added to the global domestic product economy if gender equity is achieved by 2025.
- There is no single program or product that will magically transform an organization—it is a complex challenge. Creating a culture of inclusion is about dozens of decisions and actions made across the workforce.
- Unconscious bias is embedded in our perspective and is influenced by the combination of our experiences and the many facets of our identity. Become aware of how this bias affects the decisions you make, including hiring.
- Fresh perspectives can be found everywhere: Within our own organizations, in our customer base and in the world in general. Leverage the diversity of skills and experiences that exist around us by crowd-sourcing creative ideas and solutions.
- New organizations should build D&I into their strategy and culture from the start so it is already embedded as they grow.
- Define a strategy that fits your organization and the realities of your business. You need to assess and understand the current state of D&I within your organization and assess the readiness for change.
- Ensure that you are setting D&I goals that are measurable, and track your progress toward these goals.
- Gain and continuously communicate Executive Sponsorship in your organization.
- Encourage employees to build and extend networks and/or Employee Resource Groups. Example: SAP’s Business Women’s Network.
- Have empathetic conversations within your organization and educate staff on unconscious bias.
- Remember that number of activities does not = impact!
- Read more about diversity & inclusion at SAP »