What Is Employee Engagement?
Employee engagement refers to the level of commitment and enthusiasm that employees have for their work, their company, and their workplace culture. Engaged employees are invested in their work and feel a sense of ownership and pride in their company. They are more likely to be motivated, productive, and committed to their company’s goals and values. Employee engagement is often measured through surveys or assessments that gauge employees’ attitudes and perceptions about their work and workplace. A high level of employee engagement is generally associated with positive outcomes such as increased productivity, improved customer satisfaction, and reduced turnover.
What Evidence Do We Have To Show That DEI And Employee Engagement Are Connected?
- According to a survey by Glassdoor, 67% of job seekers said that a diverse workforce is an important factor when considering job offers.
- A study by McKinsey & Company found that companies with higher levels of diversity on their executive teams were more likely to have above-average profitability.
- A survey by Deloitte found that companies with inclusive cultures were twice as likely to meet or exceed financial targets.
- A report by the Society for Human Resource Management (SHRM) found that companies with a strong DEI culture had a 72% higher chance of meeting or exceeding their revenue targets.
- A study by the Center for Talent Innovation found that employees who feel included are more likely to be innovative and stay with their company long-term.
These statistics suggest that DEI can have a significant positive impact on employee engagement, as well as on a company’s financial performance and ability to attract and retain talent.
How DEI Drives Engagement
Diversity, equity, and inclusion (DEI) are important aspects of any workplace culture. When employees feel that their workplace values and respects their individual differences, they are more likely to be engaged, motivated, and productive. Here are some ways that DEI can drive employee engagement:
A sense of belonging
DEI initiatives help employees feel like they belong in their workplace. This can lead to increased engagement, as employees who feel like they belong are more likely to feel invested in their work and their company.
Opportunities for growth & development
DEI initiatives can create opportunities for employees from diverse backgrounds to learn from each other and grow professionally. This can lead to increased engagement. As employees who feel that their workplace supports their growth and development are more likely to be motivated and productive.
Increased Innovation
As inclusive workplaces maintain a more diverse range of perspectives and ideas in the workplace, this can lead to increased innovation, as employees from diverse backgrounds bring unique insights to the table.
Greater Employee Satisfaction
Further, DEI initiatives work to embed a company culture that values and respects all employees, this can lead to greater employee satisfaction, heightened morale, and increased engagement. As well as experiencing satisfaction in the workplace, DEI work can also support increased employee wellness by advocating for, and facilitating, inclusive physical & psychological wellbeing initiatives. As a result, this can further increase employee engagement as there is a cyclical relationship between happy employees and engaged employees.
Overall, a wealth of evidence highlights the important relationship between diversity, equity, inclusion and employee engagement. It’s clear that the two come hand in hand, and that DEI work has the potential to bring significant returns for organizations, both in the form of profitability and in the forms of productivity, innovation, and overall competitiveness.
Want to learn more about how your DEI strategy can support you to attract & retain the best talent and increase your employee engagement? Get in touch today!
Diversio is the people intelligence platform that measures, tracks, and improves Diversity, Equity, and Inclusion (DEI).
By connecting artificial intelligence (AI) technology, sophisticated data analytics, and knowledgeable subject matter experts, Diversio is able to accurately diagnose your pain points, benchmark you against peers, and create a robust action plan that will meet your DEI goals. Through the unique combination of technology and human expertise, Diversio is driving meaningful impact for hundreds of organizations across over 35 countries globally.
Diversio – The Diversity Data Experts™
For more information on Diversio, or how we can help you start your DEI program contact us at info@diversio.com
