How lack of diversity is contributing to the ‘Great Resignation’

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"The research is clear: companies with diverse and inclusive cultures have higher employee retention rates and less trouble recruiting new employees. So more than ever this is an area in which all industries need to get better.”

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“‘More than 76% of job seekers are seeking a diverse workforce,’ said Erin Bloom of Aquent. Action News is continuing to dig deep into the ‘Great Resignation,’ identifying why America is experiencing a worker shortage – and finding solutions. The research is clear: companies with diverse and inclusive cultures have higher employee retention rates and less trouble recruiting new employees. So more than ever this is an area in which all industries need to get better.”

The pandemic has illuminated many aspects of the corporate world that were once hidden in the shadows. Working at home enabled employees to spend more time with family and friends. Employees witnessed the horrible effects of COVID-19. Corporations nonchalantly laid-off employees during financial stress. Activism for equity, both professionally and personally, skyrocketed. All of these factors reminded people of what they truly value. The workforce shifted its demands to a more balanced and equitable workplace, contributing to the “Great Resignation.”

Now, it is up to companies to respond to these demands. It is clear that practices need to be updated to retain talent and help the workforce become more equitable. The challenge lies in how to instill impactful change throughout your organization. This is where ideascape comes in. We help our members establish clear and meaningful goals and create and implement holistic DEI strategies based on cutting-edge research. Contact Jonathan Dyke and Deon Gaines to learn more.

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