embracing diversity and inclusion -...
TRANSCRIPT
EconomicDevelopmentServices,Inc.
EmbracingDiversityandInclusion
January20,2017
EconomicDevelopmentServices,Inc.
Diversity
EconomicDevelopmentServices,Inc.
DiversityhasaPosi.veImpact
Fosterinnova@on&crea@vitywithdiverseideas&approachesStrengthencustomerorienta@onAbilitytoaEract&retaintoptalentIncreaseemployeesa@sfac@onEnhanceimage
EconomicDevelopmentServices,Inc.
TheCompe..veAdvantageofDiversityandInclusioninLeadership
Improvedfinancialperformancecomparedtona@onalindustrymedian§ Topquar@lebygender:+15%EBIT§ Topquar@lebyethnicity/race:+35%EBIT
DiversityMa,ers–McKinsey&Company
"Diversityyieldssuperioroutcomesoverhomogeneitybecauseprogressandinnova=ondependslessonlonethinkerswithhighintelligencethanondiversegroupsworkingtogetherandcapitalizingontheirindividuality."
CHerring,UniversityofChicago
“Companiesthatembracediversity&inclusioninallaspectsoftheirbusinesssta8s8callyoutperformtheirpeers.”
Deloi<e
EconomicDevelopmentServices,Inc.
TheCompe..veAdvantageofDiversityandInclusioninLeadership
Correla@onbetweenpercentageofwomencorporateofficersandacompany’sfinancialperformancecanbefoundacrossmostindustriesAveragedifferencebetweencompanieswiththehighestpercentageofwomenboarddirectorsvs.lowestpercentage§ Returnonequity–53%§ Returnonsales–42%§ Returnoninvestedcapital–66% Catalyst,sponsoredby
ChubbCorpora=on
Fortune500companieswiththehighest
representa.onofwomenboard
directorsaBained
significantlyhigherfinancialperformance.
EconomicDevelopmentServices,Inc.
TheDemographicReali.es
Employmentgrowthinmanyregions
Moreadults65+
Out-migra@oninsomeregionsoff-setwithnaturalincrease&interna@onalmigra@on
Morepeopleofcolor
Peopleofcolorkeepusyoung!
7-CountyMetro
EconomicDevelopmentServices,Inc.
Dispari.es
EconomicDevelopmentServices,Inc.
Whathappensif.....TheItascaProjectforthe7-CountyMetro
Comparedtoa“donothingscenario122,000moreadultsjointhepaidworkforceby2040Personalincomefromtheseworkersadds$5billion+totheregionaleconomyTheseworkerspayforthesocialsecurityofseniorswhohavecomebeforethemAnaddi@onal$500millioninstateandlocaltaxdollars
EconomicDevelopmentServices,Inc.
Organiza.onsRespond
Robusttransforma@onprocessCommitmentfromtopleadershipTEAMIntegratechangemanagementapproach&strongcommunica@onsDefineaclearvalueproposi@onforadiverse&inclusivecultureExplicitlyaddressunconsciousbiasDifferen@ateini@a@vesbydiversitygroupClearoutcomes,metrics&repor@ng
ResourcesMNDOT
HennepinCounty
CityofMinneapolis
WilderResearch
St.Thomas:ForumonWorkplace
Inclusion
MinorityworkerspoisedtofilljobsleSopenbyboomers
StarTribune1-9-16
EconomicDevelopmentServices,Inc.
Organiza.onsRespond–DFWInterna.onal
EmployeesreflectthediversityoftheircustomerbaseDiversityisacorecompetencyforleaders-measuredannuallyClearmetrics–visible&celebratedTraining96-98%ofallemployees&supervisorsResourcegroupsforproblem-solvinginrecruitment,reten@on,careerdevelopment,customerservice,communityoutreach(e.g.AfricanAmerican,Asian,Hispanic,Women)
LeadershipCouncil–[email protected],recogni@on
EconomicDevelopmentServices,Inc.
EconomicDevelopmentServices,Inc.
Spectrum...
Consciouslythink&actwithbias
Un-conscious
Well-inten.oned,somewhatoblivious
Growingawareness,typicallyreactsinasuppor.ve
way
ConsciouslyInclusiveLeader
EconomicDevelopmentServices,Inc.
UnconsciousExclusionConsciousInclusion
§ Getoutofyourcomfortzone
§ Socialinclusion-welcoming§ Read....gotomoviesthat
buildunderstanding§ Inquire,listen,learn,respect§ Observebias?Speakup.§ Cul.vateunderstanding
§ Learnaboutandsharebestprac.ces
§ Createperformancemetricsforyourcommunityororganiza.on
§ Smallbusinessnetworking,procurement&assistance
§ Mentoring,internships
....anincompletelistofpossibili=es
EconomicDevelopmentServices,Inc.
Doyouhaveexperiencesyou’dliketoshareaboutinclusionorsubtleexclusion?
Whatdoyoufeelneedstobedonein.....
§ Ourprofession?§ Yourcommunity?
§ Yourorganiza.on?§ You?
