• The Financial and Cultural Value of DEIB

  • Dec 2 2024
  • Length: 19 mins
  • Podcast

The Financial and Cultural Value of DEIB

  • Summary

  • In this episode, Jivan is flying solo, diving into the critical topic of Diversity, Equality, Inclusion, and Belonging (DEIB) within the workplace. Drawing from years of experience in life sciences, healthcare, and pharma, Jivan emphasises the importance of creating environments where all employees feel valued and heard. She discusses the financial and cultural benefits of strong DEIB initiatives, highlighting research that shows how they can drive innovation, enhance decision-making, and improve employee engagement.

    KEY TAKEAWAYS

    • Diversity, Equality, Inclusion, and Belonging (DEIB) are essential for creating a workplace culture where employees feel valued, heard, and safe. This is particularly crucial in industries like healthcare and life sciences, where innovation and collaboration are vital.

    • Organisations that invest in DEIB initiatives see significant financial benefits, including a 25% increase in profitability and 30% lower turnover rates. These metrics highlight the correlation between strong DEIB programmes and improved business performance.

    • For DEIB to be effective, senior leaders must actively champion these initiatives, model inclusive behaviours, and integrate DEIB goals into the organisation's strategic priorities. This includes aligning DEIB objectives with key performance indicators (KPIs) across departments.

    • Organisations should openly share their DEIB goals, progress, and challenges to build trust among employees. Regular assessments and feedback mechanisms are necessary to refine DEIB strategies and ensure they remain a priority.

    • The concept of belonging is crucial for employee engagement and retention. Creating an environment where individuals feel connected to the organisation enhances their overall experience and strengthens the organisation's impact in its industry.

    BEST MOMENTS

    "DEIB isn't just a nice to have, it's essential for staying competitive and building a workforce that reflects the global communities we serve."

    "Toxic behaviours cost organisations billions in turnover, absenteeism, and lost productivity. It's staggering."

    "Companies with strong DEIB programs outperformed others by 25% in profitability and reported 30% lower turnover rates."

    "Senior leaders need to see DEIB as a strategic priority, not just something that sits within HR."

    "By embedding the notion of DEI, particularly the concept of belonging, you're not only improving the employee experience but also strengthening your industry's impact."

    HOST BIO

    Jivan Dempsey has first hand experience of workplace toxicity. Triggered by the #MeToo movement she was compelled to talk about her experiences in her early career, assaulted by a boss at work, his aggressive and bullying behaviour which impacted her work performance, mental health and eventually cost her a job she'd loved.

    Listeners are drawn to her raw honesty and insightful reflections on change and resilience. Her book, "The HR Change Manager's Handbook" and collaboration on "Can't Break Me," attest to her change and transformation expertise and dedication to empowering others - from someone who's been in the trenches and emerged stronger.

    As a seasoned HR professional, consultant, psychologist and speaker, she offers bespoke consultancy and programmes to help companies navigate HR transformation that delivers a better employee experience and cultural shifts to create healthier, happier, and more inclusive workplaces for all.

    Please connect with her on Linked In:

    Jivan Dempsey FCIPD GMBPsS | LinkedIn

    Or send her an email at:

    jivan@fiverivers-consulting.com

    www.fiverivers-consulting.com

    HR Change Manager’s Handbook: The 3 Step Guide To Managing HR Transformation: https://amzn.eu/d/drvToPv

    Are you working in a toxic environment? Take our free quiz to find out

    https://bit.ly/3BPZXSR

    Show More Show Less

What listeners say about The Financial and Cultural Value of DEIB

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.