The key to instilling true workplace diversity within the organization is data, according to Intel CEO Brian Krzanich. He cites a recent Intel/Dalberg Global Development Advisors study finding the correlation between workforce racial/ethnic diversity and financial performance is such the technology sector could generate a 20- to 22-percent increase in revenue if its workforces more fully mirrored the racial/ethnic diversity of the modern engineering talent pool.
"Evolving diversity to be about both diversity and inclusion will play a central role in the continued proliferation of technology globally," Krzanich says.
He recommends showing more diversity data--such as hiring rates, turnover, and pay parity--publicly, as transparency sparks action. Krzanich says public airing can debunk such myths as there not being sufficient eligible candidates in the pipeline to infuse diversity in large numbers, as well as unconscious bias. Moreover, this data should be immediately applied toward employee retention and development.
"It's about looking at our corporate cultures and creating environments in which our people spend their energy solving complex and challenging problems, not struggling to fit in," Krzanich says. "It's about saving a valuable but disheartened employee from leaving by making meaningful changes in their job and environment."
From The Huffington Post
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