Benefits PRO recently released a piece that highlights an interesting perspective on the likely influence and prevalence of Diversity, Equity, and Inclusion initiatives in the year ahead.
The article notes that there has been a significant reduction in the scope and number of DEI programs across US companies over the past 2 years - in part in response to the additional calls for oversight and negative attention coming from some policymakers and legislators, as we have covered in previous blog entries.
Even beyond the direct action that has been taken in opposition to some DEI initiatives, the resulting uncertainty surrounding the legal foundation and limitations set on diversity-encouraging efforts has had a chilling effect that has likely discouraged additional DEI exploration and investment more than just staying in line with the letter of the law.
The author’s premise, however, is that these dynamics have resulted in a gap in the market, which creates an opportunity for forward-looking companies to bolster their DEI efforts and potentially not only reap all the benefits that diverse thinking, experience, and representation can bring to cooperative problem-solving, but reimagined and reinvigorated DEI programs can better position your organization to attract and retain a more diverse and currently underserved talent pool.
Three of the top ways that DEI initiatives are expected to adapt and change over the coming year are through an increased focus on inclusion and equity, better integration into the overall business in a way that can be apparent from both internal and external perspectives, and increased adoption of AI to open up enable more opportunities for people with disabilities.
You can read more about DEI initiatives and which ones your company should be prioritizing here.