The ROI of EDI
While there are many ways to build your organization’s capacity for equity, diversity, and inclusion (EDI), they all require an overarching commitment and investment. With limited resources and many priorities, some may wonder if there is really a tangible ROI to EDI efforts.
Well, just look at the data.
Research compiled by the Performance Excellence Network shows that investing your organization’s time and resources in EDI strategies can support your business, in addition to your mission. Highlights from that research include:
- The top quartile of diverse companies is more likely to financially outperform national industry means – 35% for ethnic diversity, 15% of gender diversity (McKinsey)
- Employees in highly diverse and inclusive organizations show 26% more team collaboration and 18% more team commitment than those in non-inclusive organizations (CEB/Gartner)
- Inclusive companies are three times more likely to retain millennials for more than five years (Deloitte)
So now what?
To ensure that your investment leads to real change at your organization, make sure you receive the right level of support you need. One unique opportunity that can help you build and sustain momentum toward your goals is our upcoming EDI Learning Collaborative. Participants will collaborate with peers at other organizations in a supportive environment and receive guidance from EDI experts in developing, implementing, and advancing their equity work. This collaborative offers continual support over a 15-month period.
Apply by submitting the online application by June 30.
Our three-part virtual workshop offers learning and support to participants over the course of a month. It combines valuable information, facilitated discussions, reflection opportunities, and focused work time to begin developing an EDI action plan. We recommend sending multiple staff who serve on your EDI committee or advance EDI in other ways. This workshop will provide the tools, guidance, and dedicated time they need to be successful.
Register now for our upcoming June session (June 9, 16, and 23). Additional sessions are being offered in September/October and November.