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DEI Best Practices- Whitepaper by Randstad, supported by NASSCOM

October 7, 2022 3961 1 Diversity And Inclusion

DEI Best Practices- Whitepaper by Randstad, supported by NASSCOM

DEI Perspectives whitepaper prepared by RANDSTAD supported by NASSCOM. The white paper summarizes the key inclusion inputs from NASSCOM Member roundtable discussions involving more than 300 participants from 150+ member organizations across eight locations in India. Additionally, it provides effective measures to assess an organization’s position in the D&I lifecycle and proposes best practices to address their challenges.

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The diversity landscape in the Indian technology industry makes a compelling reason to look at it from a multi-dimensional lens. While the SEBI mandate (that companies have at least one woman as director on their boards) and government bills (on the rights of persons with disabilities and to promote LGBT rights) in the workplace have set the pace on the compliance aspect, organizations are realizing another truth. Equity, inclusion, and diversity are actual tools of commercial success and not mere social or moral obligations. According to the Boston Consulting Group, diverse management teams improved revenue by 19%, while enhancing innovation1. It is not difficult to see why. Having a diverse workforce brings more people together from different backgrounds - with their unique creativity, experiences, and approaches. The technology industry has demonstrated this on the gender front - with close to 1.8 million women (36% of the total workforce2, and 25+ % at the managerial level3 in 2021), it has experienced significant gains in revenue and productivity. While more needs to be done for gender diversity, it has also unleashed an urgency to create diversity at other levels too - such as LGBTQ (Lesbian, Gay, Bisexual, Transgender, Queer), persons with disabilities (PwD), generational, neurodiversity, marginalized communities, etc.

 

what the experts say about ‘return on inclusion’. Employees in highly diverse and inclusive organizations show:

• 26% more team collaboration and 18% more team commitment (CEB/Gartner)

• 4.6x greater empowerment to perform ‘best work’ (Salesforce)

• 2x faster decision-making with half the number of meetings (Forbes)

• 3x chances of retaining millennials for more than five years (Deloitte)

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