DEI in times of economic downturn
Why continuing commitment to diversity in business matters
DEI in times of economic downturn: Why continuing commitment to diversity in business matters
The global, economic downturn has forced businesses to reassess their situation and save costs to avoid, in the best case, lay-offs. In doing so, management also frequently looks to Diversity, Equity and Inclusion (DEI) efforts at their contribution to a company’s success. In some cases, as a result, often cut down on personal development training or indeed, challenge the DEI work.
Behind such a reasoning is the misleading idea that diversity automatically equals profitability, the simple business case for DEI. Such a move undermines the commitment of a company to DEI and runs the risk of stopping to hire and retain a diverse workforce. To reap the benefits of diversity in a company, including financial ones, DEI requires considerable planning and effort in the mid- to long-term.
In this webinar, we discuss the challenges and opportunities inherent in the case of continuing commitment to DEI in business. As part of LGBT+ history month, we focus specifically on LGBTIQ+ and look at the potential and opportunities that DEI in general, and the LGBT+ Leadership Programme specifically can offer.
Dr Jean-Luc Vey
Board Member @PROUT AT WORK Foundation
Dr Stephan Schmuck
Programme Director LGBT+ @ESCP Business School