Takeaways:
– S&P 500 index showed peak of 12 monthly diversity chief hires – 3x rate of previous 16 months
– 60+ firms appointed 1st ever diversity leader since last May
– Still ,only 53% of S&P 500 firms have such a position (up from 47% in 2018)
– Avg tenure for diversity leaders is 3.2 years compared with CEO of 5.5
ideascape view: What stands out is the discussion of budget expansion for DEI. Moving from $100k to $500k is a plausible financial action to back up your increased commitment to diversity, but what do you do if that type of budget is unavailable? What’s more, a dramatic increase in budget doesn’t necessarily align with the multi-year, even multi-decade process of DEI evolution.
An ideascape membership is a low risk investment into collaborative action. We act as a thought partner– an extension of your team that helps you improve on your peers’ successes and learn from their failures. Jonathan Dyke can help you #drive and #execute your strategy– let him tell you how.
