05/26/2021

Workplace Racial Equity Depends on Job Retention

But the right job hires are essential, too

A racial reckoning in 2020 prompted many companies, including ours, to acknowledge that existing corporate efforts simply have not done enough to address racial inequity in the workplace or the vast wealth gap between white and Black Americans that reflects and helps reinforce this inequity.

As employers, companies have historically focused their efforts on hiring and job creation. Increasing the number of Black employees clearly matters a great deal. But when we speak to CEOs about their efforts, they consistently cite retention—that is, making sure Black employees stay and thrive—as the biggest hurdle to their diversity, equity, and inclusion goals.

Why is that, and what can companies do about it? Let’s look at the basics that we all need to thrive at work: belonging, support and trust.

Please select this link to read the complete article from World Economic Forum.