Page 10 - February 2021 Focus
P. 10

Building a Culture of Diversity,






        Equity & Inclusion



                                                                                        AF Group, headquartered in downtown Lansing has been a leader in
                                                                                           developing a culture committed to diversity, equity & inclusion.


               iversity, Equity & Inclusion (DEI) have become
               much more than buzzwords, or something HR
        Dcan check off their list of things to do. DE&I
        has become widely understood to be crucial to all
        organizations of all shapes and sizes in every industry
        sector of the economy.

        One of the biggest concerns for business leaders worldwide
        is having the right people on their team. DE&I has
        moved to the front burner of issues that job candidates
        consider crucial to determining where they want to work.
        86 percent of millennial females and 74% of millennial
        males consider company policies on diversity, equity, and
        inclusion during their job hunt.

        DE&I also has a direct positive impact on the bottom
        line. In a recent CEO survey from Price Waterhouse, 85%
        of  CEOs  said  their  formal  DE&I  program  improved
        their bottom line. Two reports from McKinsey noted a
        10% increase in racial and ethnic diversity on the senior
        executive team resulted in a .8 percent rise in earnings
        in the U.S. The research also showed companies that are
        more gender diverse are 21% more likely to outperform
        others, and those that are ethnically diverse are 33% more
        likely to outperform others. DE&I has also been shown
        to promote innovation and lower employee turnover,
        which is very costly for organizations.

        10   FOCUS / FEBRUARY 2021                                                                                                                                                                                                                                    LANSINGCHAMBER.ORG  11
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