Executive attitudes on diversity positive, but actions lagging, Korn/Ferry
Institute survey finds
- 96% of executives polled believe diversity and inclusion can boost bottom
- Same survey shows just over 20% of firms provide incentives for C-suite to
LOS ANGELES, Nov. 4, 2013
LOS ANGELES, Nov. 4, 2013 /PRNewswire/ --A resounding 96 percent of
executives believe having a diverse and inclusive workforce can improve
employee engagement and business performance, according to a first-of-its-kind
survey by the Korn/Ferry Institute.
However, while the poll shows executive attitudes are positive, it also shows
enterprises need to do more to promote inclusion.
While 72 percent of executives polled said their organizations have D&I
programs, only 23 percent said their firms give senior executives financial
incentives to promote inclusion.
"We are encouraged that nearly all of the executives surveyed recognize having
a diverse and inclusive workplace gives them a strategic advantage in the
marketplace," said Oris Stuart, a Senior Partner in Korn/Ferry Leadership and
Talent Consulting. "At the same time, there's work to do in holding managers
and leaders accountable and creating incentives."
Korn/Ferry Leadership and Talent Consulting advises organizations on how to
improve employee engagement by making their workplaces more inclusive. Last
year, Korn/Ferry acquired Global Novations, a premier talent optimization firm
known for its work in diversity and inclusion. Stuart served as that
consultancy's CEO and managing partner.
"It is also interesting that although 52 percent of those surveyed said
management performance appraisals include a component for effectively managing
diversity, it is only influencing executive compensation in 23 percent of
their organizations. That's a problem," said Stuart.
"In the end, these results are very much in line with what we're seeing in the
marketplace," Stuart observed. "This survey shows we have made a positive
start in building diversity and inclusion but still have a long road ahead."
Do you think having a diverse and inclusive workforce can lead to higher
employee engagement and improved business results?
Don't know 3%
Does your organization have a strategy in place to drive employee engagement?
Don't know 2%
Does your company have a strategy or program in place that promotes diversity
Don't know 4%
Do management performance appraisals include a component for success in
effectively managing diversity?
Don't know 5%
Does your organization have a diverse mix of leaders?
Is executive compensation at your organization tied to diversity goals?
Don't know 6%
Methodology: The Korn/Ferry Institute regularly conducts surveys to glean
insights on the current workplace and leadership environment. Results are
based on surveys of executives globally registered with the firm's online
Executive Center, www.ekornferry.com. The survey was conducted with more than
400 executives in August 2013.
About the Korn/Ferry Institute: The Korn/Ferry Institute serves as a premier
global voice on a range of talent-management and leadership issues. The
Institute commissions, originates and publishes groundbreaking research using
Korn/Ferry's unparalleled expertise in executive recruitment and talent
development combined with its preeminent behavioral research library. The
Institute is dedicated to improving the state of global human capital for
businesses of all sizes around the world.
About Korn/Ferry International: Korn/Ferry International is a premier global
provider of talent management solutions, with a presence throughout the
Americas, Asia Pacific, Europe, the Middle East and Africa. The firm delivers
solutions and resources that help clients cultivate greatness through the
design, building and attraction of their talent. Visit www.kornferry.com for
more information on Korn/Ferry International, and www.kornferryinstitute.com
for thought leadership, intellectual property, and research.
SOURCE Korn/Ferry International
Contact: Jeff Baum, (214) 415-8220, Jeff@healycorp.com
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