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HR Tech Outlook | Tuesday, April 16, 2024
Sharing flexibility and remote benefits in job descriptions and regularly communicating these practices can help stay relevant.
Fremont, CA: The year has been challenging for diversity, equity, and inclusion (DEI) initiatives, with many companies experiencing declines due to economic challenges and layoffs. Employers are partnering with job seekers to brand and hire women, but DEI gains have been seen in the health, construction, and transportation industries. Based on our research, the top five new DEI and workplace statistics to be aware of in 2024 are.
Companies’ Shift Away From Support
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In the past six months, only one in four women reported increased commitment or investment from their employer in Diversity and Inclusion (DEI), while others experienced a decline in personal support. Companies shifting their priorities away from supporting women and underrepresented talent result in women employees carrying more of the burden of DEI work, leading to higher dissatisfaction among the talent they are trying to help.
Well-Being Washing
A study reveals that only one in three women believe their employer is fulfilling their well-being promises. The pandemic has highlighted the need for companies to address the gap between "well-being washing" and actual action, highlighting that superficial support often leads to burnout and low engagement. Companies must implement transformative, authentic shifts championed by their leaders to improve employee well-being rather than superficial changes.
Remote Work Priority
Companies focusing on Diversity and Inclusion (DEI) must address the future of remote work, as rash decisions like full-time in-person work risk endangering DEI goals. Retaining senior- and executive-level women is challenging due to poaching from other organizations. Companies supporting hybrid and remote work must monitor the effects of location on career trajectories, as a gender divide in location preference can negatively impact promotions, advancement, representation in management, and executive ranks. Transparent, open, and empathetic communication is crucial for facilitating the transition.
Pay Is a High-Priority
As pay equity data becomes more accessible, employers must prioritize fair and increased pay for senior and executive-level women. Sharing flexibility and remote benefits in job descriptions and regularly communicating these practices can help stay relevant. Women also prioritize mitigating burnout, strategic thinking, and building networks for advancement. In 2024, focusing on mentorship, mental health, and connectivity can support a more gender-equitable leadership pipeline and meet these needs.
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