Who Really Benefitted From DEI?
Not who you think : Every year companies in the US spend around $8 billion on DEI efforts, according to research by the consulting firm McKinsey. With all the financial investment, time and attention put into advancing diversity, equity and inclusion (DEI) in corporations, it is crucial to understand who benefits from these efforts. In 2019 a report entitled Being Black in Corporate America, released by global nonprofit, think tank, and advisory Coqual, found that Black professionals are more likely to encounter prejudice and microaggressions than other ethnic groups. They are also less likely than their white counterparts to have access to senior leaders and managerial support. The report lays out employees' everyday experiences of systemic racism in workplaces and the consequences it creates for those trying to advance to senior leadership positions. For example, Black professionals are nearly four times as likely as white professionals to say they've experienced racial pre...