DECEMBER 2023HR TECH OUTLOOK8In MyOpinionJessie Spellman, Director of Diversity, Equity and Inclusion, WalmartByFROM PERFORMATIVE TO TRANSFORMATIVE: HOW DEI INSIGHTS TIED TO THE BOTTOM LINE TRANSFORM YOUR DEI OUTCOMESDiversity, equity, and inclusion (DEI) data analytics and insights are a critical first step to improving an organization's DEI outcomes, but tying these insights to the bottom line can transform your organization's DEI strategies and results. After all, decades of research show us that more diverse organizations are more innovative and profitable.Many organizations already report headcount representation, but the makeup of who we recruit, retain, and advance drives overall headcount representation. Organizations move from performing DEI activities, like reporting headcount, to transforming DEI outcomes, like building diverse organizations, by demonstrating the business implications of employee heterogeneity. How do we build diverse, equitable, and inclusive organizations?Most organizations strive to build an organization representative of the communities it serves. How do organizations effectively build representative organizations? Recruiting is a critical first step, but it must be considered alongside retaining and advancing employees.It's easiest to see this dynamic through an example scenario. Let's say we are part of an organization where women are 45% of the customer base but only 30% of the employee headcount. " how do we create an organization that is more representative of women?We may be excited if 40% of our recruits are women each year, but we won't make meaningful progress without also considering the makeup of our employee retention and advancement. Suppose 55% of our organization's exits are women. In that case, women are leaving the organization faster than we can replace them with recruits - the lack of employee retention mitigates any gains seen in recruiting.Let's say this organization sees only 25% of its promotions go to women. In this scenario, women are not being promoted at the same Jessie Spellman
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