Сompanies with more inclusive business cultures and policies see a 59% increase in innovation. Ethnically and culturally diverse executive teams were 36% more likely to outperform less diverse teams. These companies have more creative and innovative employees with different experiences, backgrounds, and skills that tend to bring more to the table.
As more companies are striving to create diverse workplaces, start-ups have taken the initiative to solve the DEI problem by identifying barriers and factors that cause unfair treatment of underrepresented groups.
Kanarys, a Dallas-based tech company, was established in 2018 to address DEI issues in the workplace. The company collects anonymized data from participating companies and employees to assess, measure, and respond to DEI issues. In Jan 2021, Kanarys raised $3 million in a seed round, bringing its total funding to $4.6 million.
INCLUDED INC., another young DEI software start-up, uses data-driven methods to proffer solutions to companies and build their DEI strategies. Their DEI analytics tools are used to identify trends and offer actionable recommendations.
More companies are beginning to adopt and improve their DEI policies.
What are the ways organizations can become more diverse, equitable, and inclusive?