Promoting Inclusion and Diversity Lifting participation in the labor market Omar Fahoum, Chairman, Deloitte Middle East Global Employer’s Summit 2015 - Bahrain October 07, 2015 1 MENA has the lowest female labor participation in the world Promoting Inclusion and Diversity 26% Source: World Bank 2 Even when women are hired, there is high attrition so that very few reach senior level positions Women occupy 1.5% of boardroom seats in the MENA region Source: Your loss: How to win back your female talent, 2010 Promoting Inclusion and Diversity 3 Institutions with greatest multiplier effect on advancing women’s economic empowerment 19.20% Active company programs 12.10% Voluntary business programs/Business self-regulation 10.70% Corporate governance 8.40% Government laws Government and political leadership Academic institutions (influence of studies, etc.) Non-government organizations (influence of studies etc.) Media Community campaigns 6.10% 5.10% 4.20% 6.50% 1.90% A 2014 Deloitte and BIAC survey Promoting Inclusion and Diversity Change is too slow, and needs the right tone at the top Change is occurring within companies and by government, but is uneven and more can be done. 1. 50% of companies have not introduced programs aimed at supporting women (executive advancement and management retention) 2. 50% of governments have not taken steps to support these outcomes Potential change agents with multiplier effects have been identified: 1. CEO, board and others in a supervisory role 2. Women self advocating 3. Business programs doing more 4. Government leadership 5. Public debate A 2014 Deloitte and BIAC survey Promoting Inclusion and Diversity 5 Most common practices to advance women into leadership positions • Introduction of high potential development plans (48%) A 2014 Deloitte and BIAC survey • Workplace flexibility policies (43%) • Diversity and inclusive leadership development for current leaders (41%) Key GCC initiatives …. • “Reach”- first DIFC NGO to mentor women in middle management • The 30% Club- GCC – companies collaborating to advance women boardroom positions. Promoting Inclusion and Diversity 6 Companies don’t need a “Diversity & Inclusion program”. They have to implement an integrated, holistic Diversity & Inclusion strategy 7 Where does your organization fall? The continuum towards a truly “Inclusive Organization” Diversity and Inclusion Continuum Mono-cultural Compliance Multicultural Collaborative Inclusive Maintaining Status Quo Creating a Diverse Workforce Managing a Diverse Workforce Valuing a Diverse Workforce Leveraging a Diverse Workforce The Multicultural Organization has a diverse mix of employees with differences in race, gender, age, sexual orientation, etc. Often, this organization has met the challenges of compliance requirements, but it struggles to optimize its diversity. The Collaborative Organization has begun to understand the value of a diverse workforce and has taken initial steps to engage diverse employees in talent and business initiatives. Employees feel like diverse opinions are valued. The Inclusive Organization leverages diverse backgrounds, capabilities, viewpoints ..etc to drive business results and value. Employees feel like diversity, leveraged through inclusion, is integral to business success. “How can we engage our diverse mix of employees and make sure they feel valued?” “Have we gathered and capitalized upon everyone’s input? How can we drive value from our diverse mix of employees?” The Mono-cultural Organization is largely homogenous with limited diverse representation. It still only values the majority culture. “Why change? If it ain’t broke, Don’t fix it.” Promoting Inclusion and Diversity The Compliance Organization views diversity as a problem. It is a numbers-based organization focused on affirmative action goals. “What do we have to do to stay out of trouble?” “We have a good representation of cultures overall.” 8 A truly inclusive organization adopts multiple engagement strategies Creating an inclusive, diverse culture The Simply Irresistible Organization 5 major elements of engagement 20 key strategies Promoting Inclusion and Diversity 9 Diversity & Inclusion lessons from our experience 1. Articulate the business case 5. Continue to innovate 2. Demonstrate leadership commitment 6. Engage allies, such as non-minorities and men from the beginning 3. Build and cascade accountability – what gets measured, gets done 4. Highlight how benefits accrue to the entire organization 7. 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