Keeping diversity on the agenda during tough times
HR magazine published the article, “Keeping diversity on the agenda during tough times," written by Russell Reynolds Associates Consultant Anna Penfold, which is based on our paper, “Maintaining Diversity & Inclusion During Workforce Reductions". The article is excerpted below.
Diversity, Equity & Inclusion (DE&I) has never been more of a pressing topic. Be it in the workplace, in our personal lives or in society, there is (rightful) pressure for us to make sure our ecosystems are as balanced as possible.
Bearing in mind that COVID-19 has significantly disrupted many organisations, mostly in a dramatic, negative way, many HR leaders find themselves in challenging positions.
It is not uncommon to hear of CEOs publicly pronouncing their commitment to DE&I whilst their head of HR wrestles with how to remove a large chunk of the employee base, recognising, as in many retailers' recent experiences, that they are in danger of creating further unbalance in the constituency of the employee base.
These risks can be mitigated through approaches that incorporate and even elevate DE&I objectives while simultaneously helping the company reshape.
When performed thoughtfully and transparently, companies making the difficult decision to let employees go can emerge with a reformed and renewed organisational structure that capitalises on the benefits of having a diverse workforce. The following are vital areas of focus whilst going through a restructuring.
Understand your organisation's diversity
Using rigorous workforce analytics to identify where in the organisation the diverse employees currently are will help you understand the DNA of your company. Knowing how diverse talent develops in your organisation is vital.
This does not mean that all diverse individuals must be protected from redundancies. What is most critical is that managers are armed with insightful data about workforce composition, are informed about the importance of maintaining a diverse talent pipeline and make smart decisions as a result.
Make sure restructurings are led by inclusive leaders
Inclusive leaders are those who are most invested in maintaining and leveraging diversity for the benefit of the organisation.
Organisations that fully consider the impact of each decision in the context of the broader DE&I agenda, with a goal of being inclusive, can preserve their organisation's DE&I investments, and help continue that work in the future.
Reinforce your commitment to DE&I
Leaders across the business need to recommit to the DE&I goals and be transparent in discussing the effect that downsizing may have had in the company's culture, and the steps leaders took to mitigate any potential unintended and undesired loss of diverse employees.
Prepare for the recovery phase
Once restructuring plans are agreed upon and are implemented, it is essential that leaders begin preparing for the recovery phase and understand the effect of downsizing on your company's DE&I agenda and what damage may need to be repaired.
Over the long-term, having inclusive leaders and equitable practices ensures that employees feel higher levels of belonging. Leaders will always be faced with tough talent decisions, especially during difficult economic times, but those decisions can be made while minimising the effect on a company's diversity.
To read the full article click here.