Your browser is not supported. please upgrade to the latest version of Google Chrome, Mozilla Firefox, Apple Safari or Microsoft Edge.

Employers incorporate D&I into healthcare, benefits and perks

Valerie Bolden-Barrett

08/14/2019

Whether employers choose to tailor D&I initiatives to align with benefits or the reverse, many are beginning to recognize that D&I isn't an isolated concept. To attract and maintain a diverse workforce, benefits need to reflect workers' individual experiences and be cognizant of their unique needs, various experts have said. 

Many employers have already shifted their thinking and applied this idea to their benefits, offering paid parental leave, financial planning perks and mental and physical wellness initiatives for workers. Designing D&I programs that support and align with employee benefits is critical if employers want their investment in workers to pay off. According to a recent study, a quarter of workers in diverse groups — largely women, people of color and members of the LGBTQ community — said they aren't seeing the direct benefits from the D&I initiatives their employers offer. 

Employers will also need to address gender- and race-based pay disparity in their D&I initiatives if they want to shore up their recruitment and retentionefforts, as pay gaps may only get worse in 2019, according to an Economic Policy Institute report. But improved recruiting and decreased turnover are not the only positive outcomes employers might enjoy. 

"We also expect other advantages, such as broader perspectives, better environmental, social and governance metrics, stronger brand recognition and improved corporate sustainability to deepen organizations’ commitment to inclusion and diversity. Simply put, inclusion and diversity has become a top focus of the C-suite, given the clear link between diverse talent and improved business results," McCann noted in the WTW press release. 

    Childcare Resources
    Healthcare
    LGBTQIA+ Spousal benefits (equitable, medical, retirement)
    Wellness Programs (e.g., Nutrition Assistance, Gym Reimbursement)
    Overall Benefits & Policies
    Gender Equity/Diversity
    LGBTQIA+
    Racial Equity/Diversity

Load older comments...

Loading comments...

Add comment

19

October 2019

Fed Signals a Rate Cut Remains Possible, Despite Glimmers of Economic Hope

19

October 2019

At least 62 dead in blast at Afghanistan mosque

19

April 2019

More Than Just One Day: Keeping Up The Momentum Of International Women’s Day

10

June 2019

Am Law Firms With Zero Black Partners—How Is This Possible in 2019?

19

October 2019

Grocery sales are rising but so is the pressure on profits, analyst says

You've Been Timed Out

Please login to continue