If you want to improve diversity, equity or inclusion within a company or organization, a new study conducted by the U.S. think tank Filene Research Institute suggests that you’ll have greater success by enacting a series of changes or programs versus attempting a single standalone initiative.
Anca Voinea of Co-operative News reported on the Filene report, where researchers found that “diversity, equity and inclusion practices are most effective when implemented in clusters or bundles as part of an integrated, strategic approach.”
The group also found that within most businesses and credit unions, in particular, the combination of DEI strategy, goals and tracking improved not only the success of new diversity initiatives but also profit as a whole. This approach led to a higher return on assets and net income overall.
