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DEI is critical in a recession and isn’t a ‘nice to have’

11/29/2022 9:19 AM | Valentina Dingle (Administrator)

Shared by WeAreTheCity

In the midst of economic maelstroms and a cost-of-living crisis, businesses and employees alike are understandably anxious about the ever-present big picture issues. This pressure is increasingly compelling business leaders to weed out what some deem to be ‘non-essential’ initiatives to minimise expenses, cautiously evaluating where to best allocate resources.

Not sidelining Diversity, Equity & Inclusion (DE&I) now may seem counter-intuitive. In fact, in a time of economic turmoil, there is an even more urgent need to invest in DE&I efforts. Far too often, DE&I suffers as a ‘nice to have’ initiative, viewed as something to invest in when times are good.

It comes down to this: recessions are not created equally. The data shows us that there are groups who are impacted more than others, and existing biases and inequalities can quickly become more ingrained and increasingly painful in times of crisis.

Read the full story HERE.

The Diversity Workforce Coalition comprises employers and other community members whose dual purpose is to promote diversity in the workplace through education, training, and enhanced networking opportunities, and to identify and connect resources to its members and the public.

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