Inclusive workplaces help retain and attract talent
British employees still believe in people being treated fairly in the workplace, despite the growing politicisation of equality, diversity and inclusion (EDI) policies.
For some this belief is so strong that they would be prepared to quit their job on a matter of principle. Nearly 60% of working adults in the UK would contemplate resigning if their employer rolled back its EDI commitments, according to one survey.
Gen Z and millennial workers are the most likely to leave due to a lowering of the EDI bar, along with employees from Black, Asian and ethnic minority backgrounds.
Employees call for an even stronger focus on EDI
A mass exodus of employees on EDI grounds is currently unlikely as 92% of respondents described their workplace as inclusive. Despite this vote of confidence, 45% of working adults still think employers could up their EDI game.
Adopting a progressive approach to EDI is not only good for retaining talent; it could help organisations attract new employees too. Nearly 70% of workers say EDI is an important factor when considering a position with a new employer.
Big business leaders out of step with workers
The survey also revealed a potential disconnect between employees’ attitudes and leaders’ strategies. Only 3% of workers think companies should scale back their EDI approach. Yet this could already be on the agenda for some bosses.
A separate analysis of FTSE 100 annual reports in 2024 showed an 8% drop in the number of words associated with EDI. Companies with a lower market value, however, appear to be doing the exact opposite, with EDI related phrases in FTSE 250 annual reports increasing by 10%.
When executed well, EDI policies can make a big difference to people’s careers. Another survey revealed 48% of Brits think attempts to promote EDI extends opportunities to those who deserve it. The same number feel EDI training improves the workplace experience for those groups that might face discrimination.
Meet the local trailblazers
At Attwaters, we believe diverse teams result in diverse ideas, which is why we promote an inclusive culture where people feel empowered to share their views. In our latest Private Wealth Guides, we highlighted two other local companies who are also leading the way on EDI.
Essex-based Valor Hospitality Europe has been recognised as one of the best places to work for disabled employees. While in Hertfordshire, Iconic Smiles was praised as a supportive employer for ethnic minorities. Discover more here about why both companies were highly commended for their EDI efforts in this year’s Sunday Times Best Places to Work survey.
You can find more articles showcasing local award-winning businesses in our Private Wealth Guides and on our social media pages under the hashtag #PrivateWealthGuide.
* The term EDI has been used in place of DE&I and DEI for consistency when referring to research findings
