News

Chief Diversity Officers Aren’t Aligning with Overall Strategy

 


HR Daily Advisor | May 30, 2019


The HR Daily Advisor article, “Chief Diversity Officers Aren’t Aligning with Overall Strategy,” featured the firm's research, "A Leader’s Guide: Finding and Keeping Your Next Chief Diversity Officer." The article is excerpted below.

Diversity and inclusion (D&I) are increasingly recognized as a valid and important business goal. Being inclusive of a diverse staff exposes the organization to insights based on that group’s background, experiences, and perceptions of the world around it.

...

CDO—New Role, but Is It Making a Difference?

Recognizing the benefits of D&I, many companies have opted to create a Chief Diversity Officer (CDO) position. Research by Russell Reynolds Associates finds that 47% of companies in the S&P 500 currently have a CDO or equivalent. Sixty-three percent of those have been appointed in the last 3 years.

While it’s a positive sign that companies are taking D&I efforts seriously, research shows that it may not be enough to actually improve results. In fact, the Russell Reynolds research found that many D&I initiatives aren’t properly aligned with business priorities and that CDOs often lack the necessary resources and organizational support to make any lasting changes.

To read the full article, click here.


Sign up for our newsletter

Get the newsletter that prepares you for what's next with valuable insights across industries and geographies.
Chief Diversity Officers Aren’t Aligning with Overall Strategy