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Lack of diversity policies can impact on business

Organisations run the risk of hampering their own growth by failing to see through the implementation of diversity and inclusion policies, according to research from the Chartered Institute of Personnel and Development (CIPD).

By focusing on introducing policies and overlooking how to embed diversity and inclusion, organisations run the risk of not responding to the diverse customer base of modern business.

Instead, firms need to consistently emphasise to front-line managers the simple fact that more diverse teams are more effective, innovative, and better equipped to deliver superior performance and growth. 

The report finds that diversity and inclusion (D&I) is increasingly fundamental, rather than a fringe issue: 83% of organisations have strategies and policies in place and 57% expect D&I to become more important in the next five years. However, too many organisations are still not looking beyond their legal requirements and too few have a truly embedded approach to D&I that is integral to their talent management strategies.

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