· 2 min read
illuminem summarizes for you the essential news of the day. Read the full piece on Raconteur or enjoy below:
🗞️ Driving the news: The role of Chief Diversity and Inclusion Officers (CDIOs) is facing a decline in demand within companies
• High-profile companies like Disney, Warner Bros, and Netflix have parted ways with their diversity leaders, indicating a potential shift in corporate diversity strategies
🔭 The context: The role of Chief Diversity Officers (CDOs) gained prominence as part of a corporate response to social justice movements, particularly after the resurgence of Black Lives Matter in 2020
• Companies sought to demonstrate their commitment to diversity, equity, and inclusion (DEI) by appointing CDOs
🌍 Why it matters for the planet: The commitment to DEI within organizations reflects broader societal values and the push for equitable representation across all levels of business
• The waning focus on dedicated DEI roles could impact the progress made towards creating inclusive workplaces
⏭️ What's next: While the hiring for CDIOs may be slowing, 59% of CHROs plan to increase their DEI budget in the next 12 months, down from 84% in 2022
• This suggests that while the role of DEI leaders might be evolving, the commitment to DEI initiatives remains significant
💬 One quote: "Most CDIOs believe in the mission and purpose of their job and that their role has a positive impact on their mental health” (Jeremie Brecheisen, Managing Partner at Gallup)
📈 One stat: Less than half (46%) of CDIOs strongly agreed that their organization had made changes in the past 12 months which improved workplace DEI, indicating a gap between the intention and actual progress in DEI initiatives
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